As the market for delivering dinner has heated up globally, U.K.-based food delivery platform Deliveroo has established a strong foothold among its global customer base. In the last year, the platform’s sales have doubled to $364 million (£277 million). The problem is that all of...
It’s a tale of two malls: With closings of large anchor stores on the horizon, some mall owners would welcome the opportunity to find more profitable tenants. Other mall owners, however, find the loss of anchor stores to be a challenge. Either way, the news...
Falling short of economists’ expectations, retail store and restaurant sales grew by only 0.1 percent from August to September to reach a seasonally adjusted figure of $509 billion. By contrast, economists have predicted a month-over-month rise of 0.7 percent, The Wall Street Journal reported. Get...
Sears Holdings made it official, filing for Chapter 11 bankruptcy Monday (October 15), gearing up to close 142 stores after decades of declining revenue and hundreds of store closures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Walmart has announced its acquisition of online intimate apparel seller Bare Necessities. 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, PYMNTS Today. By completing...
Months after Apple CEO Tim Cook said CVS would be accepting Apple Pay, the retailer has brought support for the mobile wallet to stores across the country. The retailer had reportedly slowly brought the functionality to its brick-and-mortar stores, and the rollout has now been...
Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. News this week surfaced that FAO Schwarz is planning to have a flagship store in New York City once again – this time at Rockefeller Center instead of...
Jenna Lyons was, in the early 2000s and 2010s, a force in fashion to be reckoned with, best known for taking J.Crew’s trademark ultra-preppy style and spicing it up with her love of mixed textures and prints. She reimagined the store’s style almost entirely — preppy...
To drive customer engagement and bring in shoppers, Walmart has teamed up with video content developer Eko for a joint venture dubbed W*E Interactive Ventures. The two companies will develop content such as cooking shows and toy catalogs, Reuters reported. Get the Full Story Complete...
