In case you missed it, PYMNTS reported that in the week of April 20, weekend movie box-office grosses came in at just under $34,000 total. For the entire nation. “That is not a typo,” our coverage reassured readers, while adding the equally bizarre fact that “all...
Capping what has been a tough 2020 so far for clothing consignment and rentals, Rent the Runway announced Friday (Aug. 14) that it is closing its five stores for good to focus on its eCommerce business and add more customer drop boxes to its business...
The luxury goods and apparel business looks to be poised for a comeback, driven in part by the consumer shift to Digital 3.0. The evidence can be seen in a new report from Bank of America and an earnings announcement from luxury apparel marketplace Farfetch....
The department store segment had mixed news this week, as Dillard’s showed signs of recovery but a new report showed a reversal of some of the positive foot traffic and sales trends that had led to a guardedly optimistic outlook for the sector. Get the...
Alternative-asset manager Brookfield Asset Management said it raised a record $23 billion in Q2 and foresees speeding up the pace of investments in the wake of the pandemic’s disruption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.S. Census Bureau reported estimated advanced U.S. retail and food services sales for July of $536 billion, marking a rise of 1.2 percent (± 0.5 percent) from June and 2.7 percent (± 0.7 percent) above July of last year, according to a Friday (Aug....
Amazon, Target and Walmart get most of the attention for their eCommerce efforts, but grocery giant Kroger has been quietly implementing a three-year-long digital transformation of its own. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
AMC Entertainment Holdings, which has repeatedly delayed its plans to reopen theaters, announced Thursday (Aug. 13) in a press release that it “expects to open approximately two-thirds of its more than 600 U.S. theater locations” by Sept. 3 — the release date for the Warner...
The need for speed is turning convenience stores into hotbeds of retail technology, all with the goal of reducing friction in the customer experience. The latest evidence of that trend can be seen in a new cashierless checkout pilot announced this week from Circle K,...
