Kroger, the supermarket operator, saw its stock tank in what is the largest sell-off of shares in months over declining gross margins for its fiscal fourth quarter. According to a report in MarketWatch, shares of Kroger declined more than 12% in trading Thursday (March 8),...
Online retailer eBay has launched a joint venture with a unit of Citic Private Equity Funds Management Co. Ltd., eyeing a boost to cross-border logistics and, of course, speeding delivery to far-flung end consumers. Get the Full Story Complete the form to unlock this article...
LEGO taught us that “Everything is awesome,” but things are decidedly far from awesome for the Danish toymaker. 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...
On this day in 1946, the future of commercial air transportation was forever reshaped: Bell Helicopter’s Model 47B was granted the first commercial helicopter license in the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Getting food from harvest to mouth, from field to fork may just be the oldest supply chain there is. 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...
While making assumptions is never a smart idea, there are some assumptions that feel fairly safe to make. 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...
To evolve with changing shopping habits, IKEA has announced plans to keep up with or increase its heavy level of investment in eCommerce and brick-and-mortar efforts. The home furnishings retailer plans to grow its online business to compete with Amazon and add versions of its...
With many of its leases up for renewal, Abercrombie & Fitch announced Wednesday (Mar. 7) that it plans to shutter another 60 stores by the end of 2018. The retailer has not said which locations would close, according to CNBC reports. Get the Full Story Complete...
Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
