A lot of direct-to-consumer (D2C) brands are being funded these days, as the digital-first economy continues to gain traction. However, not a lot of that funding goes to 29-year-olds. The exception to that rule is CEO Tom DeSernia, who has grown and now funded one...
As part of a wider reorganization announced in the summer of 2019, Nike plans to cut 700 positions at its headquarters by January, Oregon Live reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Wayfair Inc. reported net revenue growth of 67 percent year over year and 28.8 million active customers, up 51 percent year over year, in the third quarter, according to a Tuesday (Nov. 3) earnings announcement. Get the Full Story Complete the form to unlock this...
The top stories today in retail include merchants in the U.K. are getting ready for another national lockdown as coronavirus cases continue to rise in that nation. While in the U.S., the mall companies, Philadelphia-based PREIT and Tennessee-based CBL & Associates both announced they would be filing for...
Score one sizable victory for human workers at the world’s largest brick-and-mortar retailer. 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....
The U.K.’s Eat Out to Help Out campaign — which offered a 50 percent discount at restaurants on Mondays, Tuesdays and Wednesdays during August — was dramatically successful in boosting sales. The taxpayers shelled out $647 million for the rescue program, which subsidized the cost...
Shipt and Mastercard are joining forces to offer a delivery promotion to consumers during the holiday season. 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...
Another wheel has fallen off in the troubled mall sector, as two real estate trusts have filed for Chapter 11 bankruptcy. The filings, both announced Sunday night (Nov. 1), came from Philadelphia-based PREIT and Tennessee-based CBL & Associates. Get the Full Story Complete the form...
For retailers, the beginning of November would normally be the ramp-up to the holiday season. It used to be a time to check inventory, optimize media campaigns and revisit strategies for Thanksgiving weekend. Get the Full Story Complete the form to unlock this article and...
