As Gen Z is projected to soon become the largest consumer segment, Target is rolling out three new house brands geared toward the retailer’s teen and young adult customers. Two brands will focus on clothing, while another will focus on electronics, retail news source Chain...
As Chipotle Mexican Grill ramps up its digital efforts, the quick-service restaurant chain (QSR) may roll out more drive-thru lanes. Chipotle currently has five locations with drive-thrus in the U.S., but more locations with the feature might be in the works, CNBC reported. Get the...
Beverage managers are often faced with a dilemma: how to simplify the process of ordering alcohol from multiple distributors. To create an alternate to texts, emails and phone calls, Taylor Katzman created a web app called Provi that connects bars with multiple distributors. After his...
With anchor stores like Sears and JCPenney closing more doors than they’re opening, what’s a shopping mall to do? For a growing number of mall owners, the answer is to diversify, filling those gaping department store holes with something completely different: apartments and hotels. Get...
Following an auction in a U.S. bankruptcy court, Massachusetts’ New England Confectionery Co. (Necco) has founded a buyer. Ohio-based Spangler Candy Company won the auction with a bid of just under $19 million, The Boston Globe reported. Get the Full Story Complete the form to unlock...
BJ’s Wholesale Club CEO has a vision for the wholesale club: offer members a truly “hassle-free” experience when shopping in the real world or online. It’s not an uncommon vision, of course. There is no one in retail hoping to build a hassle for customers,...
Consumers who want to buy insoles for their shoes typically have one of two choices: They can either by an off-the-shelf insole at a local brick-and-mortar store, or they can visit a doctor for custom-fitted orthotics. Get the Full Story Complete the form to unlock...
Despite experiencing strong growth across its digital channels, Target missed earnings estimates while reporting top-line results slightly ahead of revenue estimates. The retailer reported earnings per share of $1.32 and revenues of $16.8 billion compared to analysts’ estimates of $1.38 and $16.5 billion, respectively. Get...
In 10 years, no one will talk about “contextual commerce” — it’ll just be commerce. That’s what Rich Aberman, co-founder of WePay, predicts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
