Despite concerns that the spread of the COVID-19 Delta variant could impact consumer spending as pandemic anxiety rises again and mask mandates are reintroduced across the U.S., mall operator Simon Property Group is pushing forward as demand for leases increases. Get the Full Story Complete...
When Google stepped in last week with its new Retail Search product, it put a spotlight on the retail industry’s abandonment issues, wherein U.S. merchants lose out on $300 billion in sales because consumers can’t find what they’re searching for. Get the Full Story Complete...
Under Armour reported on Tuesday (Aug. 3) a better-than-expected 91 percent increase in year-to-year revenue to $1.4 billion for the three-month period ending June 30 despite an 18 percent fall in eCommerce sales in the quarter. Get the Full Story Complete the form to unlock...
The Clorox Company reported a 9 percent overall drop in year-to-year sales for the fourth quarter of fiscal 2021, ending June 30, pointing to slow shipments and a decrease in consumer spending as they worked through their pandemic stockpile of cleaning supplies. Get the Full...
With Square preparing to acquire Afterpay for $29 billion, the buy now, pay later (BNPL) space is hotter than ever. The Square-Afterpay deal will see Afterpay integrated into both the Seller and Cash apps to offer BNPL services to a much wider range of merchants...
As the Delta variant of COVID-19 surges, retailer Target will now be requiring its employees to don masks again. 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...
In today’s top retail news, Foot Locker is shelling out $1.1 billion to acquire two smaller footwear retailers as it looks to grow beyond malls, while Victoria’s Secret and Bath & Body Works are setting off on their own as independent public companies. Also, Square’s...
Today in restaurant and grocery news, ridesharing platform Bolt gets hundreds of millions to power its eGrocery expansion as venture capital pours in for grocery delivery solutions. Plus, Swisslog talks micro-fulfillment. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
With the entry of dozens of digitally native companies into the online grocery space, and with billions in venture capital to power their expansion, traditional brick-and-mortar grocers are challenged to adapt to retain the loyalty of their shoppers. Strategies that worked when online orders made...
