Sears offered another rather depressing earnings report but says recent restructuring of the U.S. tax code will help it post a profit in the not-too-distant future. The store confirmed that same-store sales were down a whopping 15.6 percent during the fourth quarter of fiscal 2017....
Reports in Reuters this morning indicate that Walmart is closing in on buying 40 percent of Indian eCommerce giant Flipkart. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Delivery — particularly delivery on demand — is often an expensive logistical challenge for online retailers, but it is one that Israeli-based artificial intelligence (FI) startup CommonSense Robotics thinks it can help to solve, VentureBeat reported. The robotics firm recently raised $20 million in a Series A funding...
Headquartered in Westborough, Massachusetts, BJ’s Wholesale Club doesn’t always attract the same level of interest as its larger counterparts at Costco or Sam’s Club — mostly because those competitors are much larger. With around 210 locations nationwide, BJ’s is less than half their size. Get the Full Story...
Third-party apps such as Instacart have long served grocery customers. With their popularity, grocers want in — and software companies are happy to create white-label solutions for them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
One of the newest technologies in FinTech is coming to one of the oldest American outdoor gear brands. Now arriving at L.L. Bean? The blockchain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In WeWork’s first fashion partnership, J.Crew will host a panel discussion series and sell items from its spring collection at several of the co-working company’s locations across the U.S. The talks — and the retail offerings — will come to WeWork spaces in New York,...
The CEO of a German food delivery service is aiming to break even in 2018, despite competition from Amazon and Uber. Still, Delivery Hero’s Niklas Östberg said those companies could negatively impact his service’s bottom line, Reuters reported. Get the Full Story Complete the form to...
Roses are red, violets are blue and consumers are buying gifts other than flowers on Valentine’s Day, too? Apparently, yes. Florists, as it turns out, made up less than 10 percent of total spend among top Valentine’s categories in 2017. Luxury brands, jewelry stores and women’s...
