Banking on the odds that Americans will continue a recent trend of performing extra repair and remodeling on the homes they’re stuck in due to COVID-19, The Home Depot announced on Tuesday (Aug. 4) that it is moving quickly to open three new distribution centers...
Wawa Inc., the East Coast convenience and gas station chain, is planning to build a new store that will be different from the retailer’s other 900 shops. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In some ways, Yotpo CEO Tomer Tagrin is the humblest executive to ever close a big funding round. Congratulate him on his $75 million take that was announced on Tuesday (Aug. 4) and he cautions that the celebration should be tempered, because the world is...
Social shopping is the latest pandemic-driven trend to catch fire. With Burberry launching a social experience at its brick-and-mortar Shenzhen store and social platforms like Facebook pushing their commerce capabilities, new startups are popping up and established brands are catching up to capture this newest...
As U.S. stores recover from double-digit losses caused by COVID-19 lockdowns, Alphabet Inc.’s Google Cloud division is expecting a surge in fourth-quarter sales as the country’s retailers brace for record online holiday shopping. Get the Full Story Complete the form to unlock this article and...
More than a year after Tesla Inc. CEO Elon Musk raised the possibility of shuttering its stores and selling only online, the California electric vehicle and clean energy company is planning to expand its retail presence. Get the Full Story Complete the form to unlock...
Innovation has been a welcome development for retailers in the pandemic. Pivoting business models have been the hallmark of some major changes, including the complete reconfiguring of companies such as Zara and Nike and luxury brands like Ferragamo and Moncler. Now, Burberry is continuing its...
It may seem like the world of retail has been reduced to eCommerce overachievement and brick-and-mortar underachievement. But even as pandemic-fueled dynamics rage on, new trends and catchphrases to describe them continue to emerge. Get the Full Story Complete the form to unlock this article...
Lord & Taylor and Tailored Brands surprised absolutely no one with their bankruptcy filings Sunday (Aug. 2), but another spate of bad news has added new urgency to the question of who will survive in the beleaguered department store and apparel categories. Get the Full...
