U.S. retail sales were down 1.1 percent in November compared to October, hitting approximately $546.5 billion, according to the monthly U.S. Census Bureau report released on Wednesday (Dec. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Walmart announced Tuesday (Dec. 15) that Gatik, the autonomous delivery network, will operate a driverless box truck on one route in Arkansas, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
At long last a Covid-19 vaccine is officially being distributed in the United States. Getting it out, however, will be a long-term, multi-phase process. Mass distribution, if everything goes according to plan in the early phase, is expected to start in spring of 2021. Get...
Vaccines are here. They’re being distributed. Finally, optimism and COVID-19 can live in the same sentence. But any retailer that thinks consumers are ready to rush back into physical stores needs to check the data. Because PYMNTS data shows that the digital shift has permanent...
Amazon Fashion wants customers to have it their way. This time around, the pitch is not on the luxury side — rather, it’s about creating a custom T-shirt. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Genesis Holdings Inc., the current wholly-owned intermediate holding company of JD Sports Fashion Plc in the U.S., bought all of the issued shares in the Shoe Palace Corporation and the members’ interests in Nice Kicks LLC, according to a Tuesday (Dec. 15) announcement. Get the...
In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. Plus, there are two weeks up to Christmas, and...
There are less than two weeks until Christmas, and the retail industry, as per usual in 2020, finds itself in uncharted territory. The season has been pulled forward, leaving these final 10 days up in the air. Shipping delays are threatening the digital-first economy. And...
Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to California-based Kingswood Capital Management, according to a Monday (Dec. 14) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
