In the fourth quarter, the regional and super regional mall vacancy rate fell slightly as overall retail vacancies in the U.S. stayed constant. The vacancy rate at the former was 9 percent compared to 9.1 percent in the third quarter, as the latter held at...
Coffee startup Luckin plans to open 2,500 new stores in China this year to overtake Starbucks in the country. 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...
New data shows that eCommerce traffic was up this holiday season, even after Christmas Day. 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 newsletter,...
While any number of brands now market their wares on sustainability, inclusivity and transparency as of 2019, when Everlane was first getting off the ground in 2011, those buzzwords were far less common. In fact, Everlane built its first buzz as a direct-to-consumer (DTC) fashion brand...
To encourage diners to skip the line and order ahead, quick-service restaurants (QSRs) have offered their customers rewards, discounts and other incentives. Their aim is to help turn one-time buyers into return customers and encourage them to spend more at their restaurants — and visit...
Nature inspires some food startup founders to discover untapped opportunities. Misfits Market, for instance, grew out of Founder Abhi Ramesh’s trip to an orchard in Eastern Pennsylvania. On his apple picking adventure, Ramesh noticed that some of the fruits had fallen off the trees too...
A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
It’s the end of an era: Lord & Taylor announced that it has left its landmark Fifth Avenue store in New York City. The retailer’s parent company, Hudson’s Bay Company (HBC), sold the iconic 676,000-square-foot building to WeWork for $850 million in fall 2017, in a...
Following a strong holiday shopping season, the IBM 2019 Retail Forecast suggests that retailers will experience a 3.04 percent rise in year-over-year revenue this year. The report indicated growth among different categories from restaurants to health and personal care, Chain Store Age reported. Get the...
