Quick-service restaurant (QSR) Chipotle Mexican Grill slightly beat fourth-quarter earnings estimates, helped by higher menu prices and despite declining foot traffic. The restaurant reported earnings of $1.34 per share, excluding its $0.21 tax benefit, just above estimates of $1.33, Bloomberg reported. Get the Full Story Complete...
With the PyeongChang 2018 Olympic Winter Games not too far away, it’s high season for Team USA merchandise. 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...
Frozen food didn’t kill the restaurant. Telephones didn’t kill human interaction. And eCommerce won’t kill brick-and-mortar retail. That’s L Brands CEO and Chairman Les Wexner’s theory, as reported by The Wall Street Journal, in the face of brick-and-mortar retail’s worst year ever. Get the Full Story...
As Walmart seeks to invest in tech to compete with Amazon, the retailer has acquired a small virtual reality (VR) startup. Spatialand will become the crux of Walmart’s VR efforts as the retailer looks to transform its shopping experience across multiple channels, Recode reported. Get...
In the 1970s, the venerable The Great Atlantic & Pacific Tea Company (A&P) was losing market share. While Safeway expanded in the West and enjoyed the benefits of population growth there, A&P had a bit of a problem: It was focused on the East Coast,...
After struggling for years with decreasing sales and mall traffic, Bon-Ton Stores has filed for bankruptcy. The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. Get the Full Story Complete the form to unlock this...
To run a popular burger restaurant, it’s not enough to simply have a good grill and a fresh beef patty. With advances in technology, what happens online — outside the kitchen — can make a good restaurant experience a great one. At Shake Shack, for example, CEO...
Consumers want to provide healthy dinners for their families, but it can be difficult to find the time to plan home-cooked meals. Monica Wood, for example, had to travel for work and tried having her nanny make meal kits for her kids so they wouldn’t...
As department stores reconsider their real estate and business models, Macy’s is testing out pop-up stores in 10 cities — from Las Vegas to New York — in a new concept named “The Market @ Macy’s,” CNBC reported. Get the Full Story Complete the form to unlock...
