Following the appointment of Chipotle Mexican Grill’s CEO Brian Niccol to chairman, the chain’s Founder Steve Ells has left the board and vacated his executive chairman title. Ells started the chain in 1993 when he brought the first store to the University of Denver vicinity, and...
Even a decade ago it was obvious that the rise of mobile and the expansion of eCommerce was going to have a transformative effect on retail. But very few people, when asked where the biggest investments, biggest swings, biggest changes and biggest players were going...
The laws of economics — supply and demand — state that as items become scarce, prices go up. The law of unintended consequences states that the outcomes of human actions are unanticipated – sometimes to disastrous effects. Get the Full Story Complete the form to...
Instacart said on Thursday (March 5) that it would launch its door-step grocery drop-off service to all customers amid the fear of the coronavirus outbreak, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
If there’s a positive development from the disruptive effect the COVID-19 virus has had on retailing, it’s a renewed focus on technology and the supply chain. Retailers are suddenly aware that goods don’t arrive by magic. And they’re aware that vulnerabilities in technology can be...
As a means of stimulating depressed eCommerce volume, China’s Alibaba Group is launching an online shopping festival with 1 billion yuan ($144 million) in spending subsidies to offset the impact of the Coronavirus, the company announced on Thursday (March 5), Reuters reported. Get the Full...
Dollar Tree’s fourth-quarter earnings were better than expected, as the company continues its upgrades to the Family Dollar portfolio and launches new initiatives, per reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
After experiencing a stretch of formidable growth, the Swiss family behind Lacoste, the apparel firm, is looking for acquisitions to bolster its “affordable luxury” and activewear brand collection, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy...
It’s 2006. “The Departed” is the top movie. The iPhone is a year away. People use beepers for urgent communications. Bush the younger is president. Post-bubble internet startups are showing up with daily frequency, including a travel site called Expedia. A young man in the...
