All that investment in innovation pays off — so says the National Retail Federation, which found that three out of five “consumers feel retail technologies have improved their shopping experiences.” Not only that, but those consumers have noticed a particular improvement when shopping online, with...
With enhancements to its rewards offering, expansion of its delivery program and the announcement of a strategic partnership with a tech company to license part of its digital flywheel, Starbucks reported better-than-expected earnings results for its third quarter. The quick-service coffee chain reported revenues of...
Startups, particularly in retail, often run into difficulty when in search of an innovative entrance point to the marketplace they come up with a solution to a problem that no one actually has. Sometimes, with very good marketing, a business can sell the consumer on...
With new digital ordering capabilities and store improvements, McDonald’s said sales grew globally in the latest quarter: Same-store growth of 6.5 percent around the world was better than expected, while same-store sales in the U.S. grew 5.7 percent to come out ahead of 5 percent...
Cigarette company Imperial Brands has invested in Canadian cannabis company Auxly Cannabis Group to the tune of £75m ($93.2M USD), according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Location-based virtual reality (VR) startup The Void is partnering with mall operator Unibail-Rodamco-Westfield (URW) to open 25 new entertainment outposts in the U.S. and Europe by 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As of 2019, swimwear is among the favored startup paths for apparel founders looking to edge into the market. PYMNTS has covered several of them, and they all paddle into the market with some interesting idea or innovation on how to improve a retail experience...
Barneys New York’s bankruptcy filing could come as early as next week, as reports indicate the New York retailer is currently raising financing for said filing. Barneys has been hoping for a path to avoid bankruptcy amid a cash crunch brought on by spiking rents...
Recent days have brought new evidence of the importance of robust loyalty and rewards programs in retail – an area of ongoing innovation, and where merchants of all types can stand apart in a fiercely competitive industry. Get the Full Story Complete the form to...
