For consumers who usually patronize the biggest operators of theaters in the U.S., going to the movies will mean settling into the couch for the next few weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A quick look at some recent earnings reports illustrates how digital innovation is softening the COVID-19 blow for quick-service restaurants (QSRs), fast-casual eateries and fast-food chains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
To offer the merchandise and music of a music legend in a single destination, The Thread Shop has rolled out an eCommerce Jimi Hendrix store in collaboration with Experience Hendrix L.L.C and Authentic Hendrix LLC. The rollout comes as a result of a deal inked between the firms...
Ascena Retail Group, Inc. has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term...
Saying that “we know holiday shopping will be different this year, and we will be managing sales events differently,” Walmart this week announced that its stores will close for Thanksgiving in 2020 – a decision that would have bordered on sacrilegious at any other time....
The retail industry is facing its first sales event of the pandemic with the coming of back-to-school sales. And while some of the sales projections are solid, the fundamentals for success are still wavering. Get the Full Story Complete the form to unlock this article...
A new advocacy group dedicated to direct-to-consumer retail was announced this week with representation from Google and several major retailers including QVC, Brooks Brothers and Lane Bryant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. The firm said the acceleration was mainly fueled by quicker growth in the...
Best Buy reported eCommerce sales growth of roughly 255 percent in contrast to the past year quarter-to-date up to July 18. The electronics retailer also noted that online sales “remained strong” with roughly 185 percent in sales growth in contrast to the past year in...
