The week leading up to Christmas broke records in the restaurant industry this year, but not in a good way. For the week that ended Dec. 20, eating establishments posted the worst sales and foot traffic since mid-June, CNBC reported on Wednesday (Dec. 30). Get...
There’s no arguing the fact that Amazon has been a lifeline for small businesses this year. During the extended holiday season, the eCommerce giant says its independent sellers saw their sales grow more than 50 percent over 2019. And while the eCommerce champion said it...
The Walmart Media Group is looking to take on Amazon’s advertising division by touting what the retail giant can do for online sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Consumers, as PYMNTS data has repeatedly shown are hesitant to set foot in stores out of concern of exposing themselves and their loved ones to COVID-19. But people still have to eat, purchase shoes, replenish their wardrobes and purchase other physical goods – and sometimes need...
In today’s top retail news, VF Corporation has closed on its acquisition of international streetwear brand Supreme, while Returnly reported a dramatic rise in returns on Dec. 26 compared to an average return day in the United States. Plus, Amazon is reporting a record-breaking holiday...
Now that the holiday shopping season is over and the returns season has begun, the department store doomsayers are back. With Mastercard’s holiday spending report released Monday (Dec. 28), the numbers for the sector stand in stark contrast to the rest of the retail industry....
VF Corporation has closed on its purchase of Supreme for a $2.1 billion aggregate base purchase price, which is “subject to customary adjustments for cash, indebtedness, working capital and transaction expenses.” The international streetwear brand has become a VF Corporation wholly-owned subsidiary with the deal,...
Returns made through Returnly’s system increased by over three times on Saturday (Dec. 26) in contrast to an average return day in the United States, according to a Tuesday (Dec. 29) press release. Get the Full Story Complete the form to unlock this article and...
The verdict on the holiday shopping season has been delivered. 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. By completing this...
