Retail

Retail
Wine Retailer Looks To Top Off Customer Loyalty As Coronavirus Orders Flow
March 24, 2020

Talk about customer loyalty. Wine Insiders celebrates its 38th year as a pioneer in the sale and delivery of wine this month. And its most valuable customer is a 91-year-old woman who has been with them for 37 of those years. Get the Full Story...

Retail
Hasbro Stock Spikes Amid Strong Demand
March 23, 2020

Shares in toy company Hasbro rose more than 12 percent on Monday (March 23), as the company shared that it was experiencing strong demand amid the coronavirus pandemic, according to a report by CNBC. Get the Full Story Complete the form to unlock this article...

Retail
MGM Resorts Appoints Acting Chief Executive Officer
March 23, 2020

Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. Hornbuckle replaces Jim Murren, the...

Retail
Retailers Cancel $1.5B In Bangladesh Clothing Orders Amid Coronavirus
March 23, 2020

With the COVID-19 pandemic impacting demand, European and American buyers have called off roughly $1.5 billion of Bangladesh clothing orders. Bangladesh Garment Manufacturers and Exporters Association President Rubana Huq said on LinkedIn that up to 1,089 clothing manufacturing facilities have seen orders become canceled, Bloomberg...

Retail
J.Crew Shelves Madewell IPO After Deal Crumbles
March 22, 2020

J.Crew Group is dropping the initial public offering (IPO) of its Madewell spinoff brand after creditor negotiations crumbled, Bloomberg reported Friday (March 20), citing sources familiar with the matter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Coronavirus Boosts Mom, Apple Pie And A Return To ‘Leave It To Beaver’ America
March 21, 2020

If one is looking for doom, gloom, destruction or gallows humor, there is a vast menu of sources. The stock market, the unemployment tick-up, the uncertainty, the growing number of coronavirus cases, the concerns about the healthcare system, the small business shutdowns with uncertain futures...

Retail
Smartphone Sales See Biggest Drop Ever In Feb.
March 20, 2020

Research and consulting firm Strategy Analytics has released a report stating that global smartphone shipments dropped 38 percent year on year in February of 2020. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Apple Caps eCommerce iPhone Buys At Two Per Shopper
March 20, 2020

After Apple shuttered its physical stores outside of China amid the spread of the coronavirus around the world, the tech company is capping purchases of iPhones in its eCommerce shops in multiple countries to two handsets per person, Reuters reported. Get the Full Story Complete...

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Starboard And eBay Escalate Boardroom Spat
March 20, 2020

There was plenty of boardroom drama on Thursday (March 19) between eBay and activist investor Starboard Value. The day started with Starboard nominating four new directors to eBay’s board, along with its a demand to find a new CEO. It ended with eBay firing back...