Restaurant dining rooms in Massachusetts reopened on Monday (June 22), after being shuttered for three months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
China’s 618 shopping festival is in the books. This year’s three-week event was watched closely for evidence that the Chinese consumer will help spend the country out of the pandemic, and the success of 618 shows that they likely will. Get the Full Story Complete...
With malls reopening in most states over the weekend an early reckoning with pandemic reality among mall owners and anchor tenants is underway. The traffic over the past week and weekend varied from lines at the door to ghost towns inside. At least one real...
To help bolster its liquidity standing, Bed Bath & Beyond Inc. has put into place a three-year secured asset-based revolving credit facility with a group of financial institutions (FIs). The ABL facility, which takes the place of the retailer’s existing unsecured revolving credit facility, expires...
In a legal complaint filed with a New York court, luxury fashion brand Valentino SpA is requesting that the courts end its lease for a store in a prime tourist spot in Manhattan. The location is in a highly desirable stretch of Fifth Avenue that...
Facebook could be looking to take over Neiman Marcus‘ space at Hudson Yards in Manhattan, according to an unnamed source in a Women’s Wear Daily report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Raz Golan, CEO of Israeli-based mobile checkout company Shopic, says his company started out with the mission of shortening lines in grocery stores — a crowded space in and of itself these days. But with a recent $7.6 million in funding, the startup is on track...
With its first visual update in more than two decades, iconic American lifestyle brand Stetson is sporting a new online shopping experience and modern identity revamp. The new brand identity will launch worldwide throughout product and consumer touchpoints over the year to come and will...
In October 2017, then relatively new Target CEO Brian Cornell announced a decision that even by his own estimation caused some head-scratching. In spite of the burgeoning growth in eCommerce and the runaway growth of Amazon, he was focused on brick-and-mortar stores. In fact, he...
