Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
For retailers, it’s better to be hot in 2020 than top. 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...
One of the largest real estate investment trusts in the U.S. reported earnings this week with the expected decrease in revenue, but an optimistic look at reopening. Retail Properties of America (RPAI), which owns and operates 102 multi-retail sites, showed a net income drop from...
The U.K. retail recovery continues, but at a snail’s pace. According to the British Retail Consortium, U.K. foot traffic decreased by 42.1 percent in July over 2019 levels, an improvement from June’s 62.6 percent and below the three-month average decline of 61.6 percent. The trade...
Grocery chain Kroger is rolling out a new contactless pay solution at its Quality Food Centers (QFC) locations, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Millions of Americans regularly trade a more involved supermarket excursion for the grab-and-go handiness around which convenience stores are designed. Did these savvy operators imagine that the tech disintermediation scene hadn’t noticed them? Well, they did. Get the Full Story Complete the form to unlock...
Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As its stores shuttered to prevent the spread of COVID-19 earlier this year, the Canadian Tire Corp. Ltd. posted worse than expected second-quarter (Q2) losses on Thursday (Aug. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Adidas AG, the global sneaker maker, revealed losses of nearly $400 million in the second quarter (Q2) amid store closures to prevent the spread of the coronavirus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
