Fighting off years of sluggish sales growth and diminishing footfall to their stores, JCPenney has spent much of the last 18 months reinventing itself. It has been developing house apparel brands, leveling up its partnership with Sephora and looking increasingly to omnichannel management as the future of pushing...
While most big-name retailers struggled to kick off 2016, Home Depot and Lowe’s, the two top home improvement retailers in the U.S. marketplace, controlling 41 percent of all sales, have continued to beat the industry trend of diminished customer spending and reduced sales. Get the...
Alibaba, China’s largest eCommerce marketplace, is facing problems in its native land as it deals with sluggish expansion due to a maturing population and user saturation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Roland Smith, CEO of office supplies retail chain Office Depot, said on Monday (Aug. 22) that he planned to retire as the company’s CEO, although he would still remain as chairman of the board, according to numerous reports. Get the Full Story Complete the form...
Remember when the dollar bill slot was the biggest advance to hit vending machines? Donna Trego, CEO of 63-year-old Coastal Canteen, says that was then, but this is now when it’s cashless all day, every day. That, Trego says, drives both consumer choice and higher...
In a sea of difficult earnings reports, Foot Locker has clocked in as an island of relative strength. Earnings for the second quarter of 2016 were $127 million, or 94 cents per share, up from $119 million, or 84 cents per share, a year ago, beating...
It looks like supply chain software firm JDA will be able to hold off an acquisition attempt by Honeywell International. The firm announced Friday it was able to secure $570 million from Blackstone Group, an equity investment fund. Get the Full Story Complete the form...
Taylor Swift might not want to hear this, but now, Kanye West is — almost literally — everywhere. 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...
If you still haven’t gotten your fill of the Olympics, why not buy a ball used in one of the games or a pair of boxing gloves worn by an Olympic champion? Get the Full Story Complete the form to unlock this article and enjoy...
