Luckin Coffee, which saw two of its top executives fired last year for mismanagement, said it has filed for Chapter 15 bankruptcy protection in the U.S. so it can move forward with its restructuring efforts. Get the Full Story Complete the form to unlock this...
New research from PYMNTS into seven key retail categories where Amazon and Walmart compete shows the online giant is closing in on its rival’s lead in auto parts, one of the last segments where Walmart still enjoys a lead — other than food, where it...
PriceSmart, Inc. said on Friday (Feb. 5) that net merchandise sales climbed 5.2 percent to reach $267.1 million for the month of January 2021, up from $254 million in January 2020, according to an announcement. Get the Full Story Complete the form to unlock this...
Ahead of its Thursday (Feb. 4) meeting with analysts and investors, Nordstrom said it anticipates a 25 percent hike in sales this year as it focuses on smaller-format stores as part of its “Closer to You” growth agenda. Get the Full Story Complete the form...
Yum! Brands, Inc., the parent company of KFC, Taco Bell, Pizza Hut and other multinational restaurant chains, reported on Thursday (Feb. 4) that it saw record-high digital sales in 2020, totaling $17 billion for the year. This marked a 45 percent year-over-year increase, according to...
Although COVID restrictions will see casinos and sportsbook rooms a lot less crowded this year, legal online betting on the Super Bowl is soaring. According to the American Gaming Association, the addition of 36 million adults in seven new legal sport betting states — for...
eBay ended 2020 with a flourish, with Q4 and full-year results that came in ahead of expectations. The eCommerce stalwart saw its annual active buyers count up 7 percent to 185 million globally, and added two million buyers in the fourth quarter over Q3. That...
Automotive retailer AutoNation, Inc. revealed an improved experience for its integrated retailing product, AutoNation Express, which provides customers with an omnichannel auto shopping and buying experience, according to a Thursday (Feb. 4) announcement. Get the Full Story Complete the form to unlock this article and...
Waitwhile has landed a $12 million investment from venture capital firm CRV as part of its Series A financing round. The queue management firm says it will apply the infusion toward growing into new markets, expanding the firm’s technical workforce and continuing to widen its...
