Walmart, which is trying to acquire a big stake in India’s leading eCommerce player Flipkart, has reportedly convinced some of its key shareholders to sell their stakes to the retailer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. He loved to optimize his mom and dad’s shopping trips by clipping coupons and spotting sales. Years later, he found himself spending a ton of baby products and...
Another one bites the dust — or, in this case, the flour, as it’s Italian eatery chain Bertucci’s that has most recently filed for bankruptcy protection. The Northborough, Massachusetts-based restaurant plans to close around half of its locations and auction off the rest, according to...
Coachella has kicked off the 2018 U.S. music festival season with a $704 million bang. 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,...
To support the next stage of the company’s growth, smart kitchen startup Chefling, Inc. has notched $1 million in pre-series A funding from XVVC, LLC. Chefling will use the funding for product development, hiring and marketing, the company said in an announcement. Get the Full Story...
After looking sluggish in the first few months of the year, U.S. retail sales bounced back a bit in March, according to figures just released by the Commerce Department, The Wall Street Journal reported. A bit of a commerce chill settled on consumer-spending patterns in the...
About two years after J. Crew decided to close its wedding-dress business, Gap Inc. plans to shutter Weddington Way shops within Banana Republic stores, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
With more than double the average monthly visits of JCPenney’s website, Macy’s has been ranked the top eCommerce destination for apparel in SimilarWeb’s latest index. The retailer’s website has 55.9 million average monthly visits, retail news source Retail Dive reported. Get the Full Story Complete the form...
Kids these days would rather spend their bucks at Starbucks than on the latest fashion. Piper Jaffray’s semi-annual teen spending survey shows that, once again, America’s youth would rather invest in a casual meal with friends than in a killer wardrobe to impress their peers...
