Karen Katz, CEO of Neiman Marcus Group, will be stepping down from her post, where she has served since 2010, according to news from The Wall Street Journal. The retailer has been beset with debt from two leveraged buyouts over the last several years and...
December was a good month for Amazon. Really, 2017 was a good year for the eCommerce giant, and we’ve got the numbers to prove it. Apple took more of a roller coaster ride – months later, analysts still aren’t sure how the iPhone X will...
Describing a business as “a mediocre corporation” usually doesn’t generate a stellar review. A small subset of workers and entrepreneurs in Dallas, however, work at a company that intentionally branded itself that way. Get the Full Story Complete the form to unlock this article and...
Macy’s will shutter approximately 30 stores as the retailer continues to sell its real estate and invest in eCommerce, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Buying land on which to build a warehouse is becoming an increasingly pricey proposition. As two-day shipping becomes heavily favored among consumers, eCommerce firms are under mounting pressure to locate their warehouses and distribution centers as close to their customer bases as possible. Get the...
December auto sales were lower than expected in the U.S., with the majority of the big vehicle manufacturers reporting a decline year-over-year. According to Wednesday (Jan. 3) reports from Reuters, the sales decline came despite steep discounts on vehicles as uncertainty over tax reform and interest...
The holiday season is officially over, and the news was better than expected. 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 daily newsletter, PYMNTS Today....
Approximately 44 percent of U.S. eCommerce sales, and 4 percent of total U.S. retail sales, were generated by Amazon in 2017, according to findings from market analytics firm One Click Retail. Impressive numbers, CNBC reported on Wednesday (Jan. 3), yet ones which also reveal plenty...
The early part of a new year is always rife with predictions, and venture capital firm Loup Ventures co-founder Gene Munster deserves credit from coming out of the dugout with a great big win. Get the Full Story Complete the form to unlock this article...
