Overstock.com saw its shares plunge more than 10 percent on Tuesday after the company announced it was planning to offer 4 million shares of new stock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A few months after General Growth Properties (GGP) rejected a buyout offer from global real estate investment firm Brookfield Property Partners, the two reached a deal on Monday (March 26). Brookfield said it would purchase GGP for $9.25 billion in cash, CNBC reported. Get the Full...
Following HelloFresh’s acquisition of Green Chef, the meal kit company has now overtaken Blue Apron’s share of the market. HelloFresh controls 36 percent of the market, while Blue Apron only controlled 35 percent in February, Recode reported. Get the Full Story Complete the form to...
Those shopping for a new car in Guangzhou, China, now have an interesting new option for the process. 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...
Macy’s has been suffering from a slump in sales, but it’s hoping a renewed focus on private label brands will improve its outlook with investors. According to Jeff Gennette, chairman and CEO of Macy’s, the goal is to boost private label sales to eventually rake in 40 percent of...
Amazon Lockers may be encouraging shoppers to make quick trips to Whole Foods stores. Research from inMarket showed that “micro” visits — or those between three and five minutes — increased 11 percent at locations that had the lockers compared to a 7 percent rise...
After helping Tesco grow its non-food business, Simon Belsham is heading to Walmart’s Jet.com. The Tesco veteran will work to boost the retailer’s online grocery business as the company’s new president, CNBC reported. Get the Full Story Complete the form to unlock this article and...
Despite rumors that the two were merging – and shares for both companies surging on Friday as a result – a source said there’s “no truth” that Target and Kroger are in talks to unite. Get the Full Story Complete the form to unlock this...
Walmart is expanding its partnership with digital automotive marketplace CarSaver to sell cars from kiosks at more Walmart locations. 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...
