CVS Health beat analysts’ earnings and revenue estimates for the third quarter amid a rise in its pharmacy revenue. The retailer, which also said it foresees its Aetna acquisition to close prior to Thanksgiving, reported earnings per share of $1.73 and revenues of $47.3 billion compared to...
Before Michael Krakaris co-founded an online fulfillment platform for eCommerce merchants, he learned firsthand how companies could reinvent messy spaces with software. One of his first jobs was working for a company that created an application programming interface (API) to help businesses send text messages to...
A quick glance at the PYMNTS Subscription Commerce Tracker quickly explains the massive allure of the meal kit delivery business for entrepreneurs of all kinds. The projected value of meal kit subscription sales is estimated to hit $3 billion in 2018. Which is why there...
Long before Five Below started selling items like Bluetooth headsets and Spalding basketballs for $5 or less, Frank Woolworth opened Utica, New York’s The Great 5¢ Store in 1879. The store’s selection was, of course, decidedly low-tech: the first item sold was a fire shovel...
The time for retail nostalgia is over. Now, for Sears, comes the bankruptcy process — and as reported on Monday (Nov. 5), the chain, according to Reuters, “is nearing a deal with new lenders to increase a bankruptcy financing package to as much as $600...
Travelers may face a dilemma when they explore a city: they might want to see the sights, but they have luggage that they can’t store in a vacation rental. To help create a marketplace solution to this problem, Sid Khattri developed an online platform called...
To help improve the retail shopping and shipping experience, virtual reality (VR) and augmented reality (AR) is catching on with big-box retailers in the U.S. AR could be on the cusp of having its moment, as a large brick-and-mortar retailer has fresh plans to appeal...
To dive into the toy market for the holidays, Kroger is teaming up with the hedge fund owners of formerly Toys R Us exclusive brands from Geoffrey’s Toy Box. The grocer plans to sell a selection of 35 products in almost 600 brick-and-mortar locations during...
To provide customers with faster and more convenient shipping options, Amazon plans to offer free shipping without minimum purchase on “orders that will arrive in time for the Christmas holiday” beginning on Monday (November 5). The offering is available for hundreds of millions of items, the retailer...
