Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up 10 percent over 2019 and eCommerce spiked 74 percent as consumers stocked up on essential and nonessential goods. Get the...
Hans Holmer is a quick study – and he needs to be. As the new vice president of operations for DRINKS, he is responsible for the supply chain of a rapidly growing retail as well as direct-to-consumer (D2C) beverage alcohol company that will quickly trip...
As it took fast and aggressive steps to respond to the pandemic, steps that resulted in positive operating cash flow, Kohl’s reported a first quarter net sales drop of 43.5 percent. The retailer, however, said it grew its financial flexibility during the quarter, which it...
In a wager that coffee’s strength will be attractive to investors during the pandemic, the investment company behind Pret A Manger, Panera Bread and Peet’s Coffee is reportedly proceeding with a coffee business initial public offering (IPO). JAB Holdings’ intended offering of JDE Peet would...
Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney, Fox Business reported Monday (May 19), citing Women’s Wear Daily (WWD). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
As strip mall owners adjust for the impact of COVID-19, a global research and analysis company recommends landlords should consider building automated warehouses for supermarket tenants to capitalize on the demand for online deliveries, Bloomberg reported. Get the Full Story Complete the form to unlock...
Summer looms, and for those who had hoped for some return to normalcy — baseball games, movies, trips to New York City to see well, anything — those hopes appear dashed to a large measure. In New York City, Broadway’s shutdown portends a series of...
Georgia is the first state rolling out the gym mat to LA Fitness and other exercise facilities that were forced to close in March amid the global coronavirus pandemic. LA Fitness has some 40 gyms in the Atlanta area and will begin reopening on Friday...
To enable safe, easy delivery of meals straight to the cars of its diners, Panera Bread has unveiled its Panera Curbside geofence-enabled service. The quick-service restaurant (QSR) chain has expanded its Wi-Fi coverage beyond its doors so that when guests who have opted into the...
