Cici’s Pizza, the all-you-can-eat pizza buffet chain, declared bankruptcy on Monday (Jan. 25), in large part due to the COVID-19 pandemic’s impacts on consumer behavior. Despite the chain’s attempts to ameliorate the pandemic’s impacts, revenue had decreased from $177.3 million in 2019 to $76.3 million in 2020, reports QSR Magazine,...
In September, Starbucks announced changes to its loyalty program that expanded rewards to customers paying without a Starbucks card, eliminating a key friction point in growing its membership base. The changes are working. As announced on Tuesday (Jan. 26), loyalty app usage was up 15...
Torrance, California-based CarParts.com, Inc. rolled out a centralized shopping location for the electric vehicle (EV), plug-in hybrid and hybrid community, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
North Carolina-based apparel retailer Belk has unveiled plans to seek Chapter 11 bankruptcy. The company aspires to exit Chapter 11 bankruptcy by the end of next month, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Corporate Walmart is sold on the idea of creating a whole new model for expansion. This time around, the company has decided to boost the number of stores that will also serve as local fulfillment centers. Get the Full Story Complete the form to unlock...
Target will be working with Levi Strauss on a new limited edition collection, featuring new home and lifestyle items, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In today’s top retail news, the U.S. division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that...
Developing a functional vaccine for a novel virus in under a year was an incredible challenge to overcome. Distributing that vaccine, as it is turning out, may be harder. The rollout of the vaccine has already been slower than expected, with fewer doses distributed to...
San Francisco’s AutoFi is shifting into high gear with its launch of a “lending as a service” division aimed at business customers. In a press release, the financial technology company (FinTech) said the new business division will offer “a more flexible finance solution for vehicle...
