Things are getting a bit testy in retail land. The world’s largest retail trade group sent a letter on Monday (March 16) to the National Governors Association and the U.S. Conference of Mayors stating its subtle displeasure about retailers finding out about mandatory store closures...
A lawsuit filed in New York representing a trust of more than 100 creditors for Toys R Us claims that executives took bonuses they shouldn’t have and had inappropriate financial relationships with private equity owners, all while the company was crumbling due to increased competition from...
With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at $630 billion this year. At the same time, a new report shows that fraudsters will take more than $12 billion...
Toilet paper and bleach may be flying off the shelves right now, but regional grocers are fighting to stay alive. As evidenced by several recent bankruptcies, they are caught in a crunch between big chains like Walmart and hard discounters, such as Aldi and Lidl....
It was media visionary Marshall McLuhan who said the medium was the message. At Oh Happy Day, the medium is the color. Check the company’s website and the drab eCommerce world of blues, grays and thumbnails explodes into bright greens, reds and orange as the...
As reservations plummet in a country strongly impacted by the coronavirus, OYO Hotels is reportedly planning to provide funds to hotels in Japan. The startup said it will give new members an amount that is equivalent to a share of their revenue in the past year with...
After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. has reportedly put all of them back into operation. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported....
Today a customer may walk into a retail location in the midst of a pandemic. But it’s still an experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
ShopBack, a cashback app based in Singapore, has notched $75 million in a Temasek-led extended Series B fundraising round. EDBI, EV Growth, Rakuten, 33 Capital and Cornerstone Ventures also partook in the round, DealStreet Asia reported. Get the Full Story Complete the form to unlock...
