The Nordstrom family has officially ended talks with a special committee advising Nordstrom’s board regarding the privatization of the brick-and-mortar retailer. Reports from CNBC on Tuesday (March 20) indicated the two parties were not able to find common ground on a price. Get the Full Story Complete the...
To meet consumers where they want to shop, retailers are taking an omnichannel approach to their offerings. Some customers — those of the brick-and-mortar persona — just want to shop in-store and haven’t purchased anything online over the past three months. Get the Full Story...
As retailers — such as grocers — are on the hunt for more data to help them make purchasing decisions, Albertsons plans to roll out a digital marketplace for small or nascent brands. The move comes as it’s not easy for retailers to pick out...
While Toys R Us said that it would try to honor its payments to suppliers and lenders, over 50 suppliers, such as Lego and Mattel, are not happy with the company’s current bankruptcy proceedings — at least in some form. The embattled toy retailer, for example,...
After two decades of online commerce, Mohammad Hashemi, General Manager of Financial Services at Shopify told Karen Webster, online checkout shouldn’t be a friction-filled mess anymore. So they’re fighting the problem, a host of online checking solutions, including Shopify Pay - and an eye toward...
As sad as the end of Toys R Us may be, the iconic toy store is far from the only retailer struggling these days — and it’s not the only one throwing in the towel this week. Say goodbye to Claire’s, the girls’ accessories chain,...
In the 1930s, gift certificates made their debut at major department stores. But they weren’t available to everyone. 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...
Before Chris Meaux started Waitr, he was living in a quiet area of the Dallas Metroplex called Southlake in the early 2010s. But he realized that there was something lacking in small markets like his at the time — big food delivery players such as...
In an effort to help high-volume eCommerce retailers and merchants improve their customer experiences, FedEx has unveiled a new returns management product. Trade publication Logistics Management reported that the offering, called FedEx Returns Technology, helps ease the return logistics process for large businesses. Get the...
