Starbucks has designed a new store around order-ahead and delivery as the upstart coffee company Luckin Coffee takes hold in the Chinese market. Starbucks opened its inaugural Starbucks Now store in Beijing, China to combine digital and physical customer touchpoints. The experience is said to...
In a move that is said to help the company grow across the nation, California cannabis firm Caliva has teamed up with Jay-Z. Caliva recently announced that the rap star will serve as the company’s chief brand strategist and has entered into a multiyear partnership...
With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for a bankruptcy filing. The luxury retail has engaged financial advisers M-III Partners and law firm Kirkland & Ellis to help...
So far this year, 7,062 retail stores have closed, and that number could reach as high as 12,000, which would be an all-time record, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
To help lay out its battle pay to take on Amazon, Target and other competitors, Walmart is on the hunt for a new chief revenue officer for its eCommerce business in the U.S. The executive would work under Marc Lore, who is the company’s online...
In a sign that Colgate-Palmolive is looking to diversify its interests beyond soap and toothpaste with deals, the consumer goods group has come to an agreement to purchase the Filorga Cosmétiques skincare business for €1.5 billion. Colgate is said to fund the transaction, which is...
Brick-and-mortar retailers are opening experiential concepts by working with other brands as they look to engage consumers with experiences instead of products. Macy’s, for instance, is collaborating with DICK’S Sporting Goods and landscaping brand Miracle-Gro for Outdoor STORY, which is said to offer customers an “outdoor-inspired...
Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
With its hardware foray keeping consumers connected to its ecosystem, Amazon is at work on a higher quality Echo speaker as well as its home robot. The eCommerce retailer is looking to roll out the new Echo product by 2020 per unnamed sources, Bloomberg reported....
