With a move that will enable greater access to luxury shoppers in the United States, LVMH has reached an arrangement to purchase Tiffany & Co. for $16.2 billion or $135 a share in cash. Shares of LVMH were trading 1.4 percent higher on Monday morning...
In a deal announced Monday (Nov. 25) that values StubHub at approximately $4 billion, eBay Inc. has agreed to sell the ticketing business to Viagogo Entertainment Inc. The marketplace decided to look into selling StubHub after two activist investors encouraged the company to leave businesses...
As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
It wasn’t supposed to happen that way. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
It’s that time of year: toy-buying season. Things have changed for that retail and consumer tradition, though, and toys serve as a constant source of commerce innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With another indication that the urban-focused site is scaling back, the Jet subsidiary of Walmart is concluding its fresh-food delivery business only a year after bringing the service to New York City. The retailer will shutter a Bronx warehouse it was using for order preparation...
Retailers are tapping into voice technology to help consumers order their favorite products such as restaurant takeout as they expand their artificial intelligence (AI) strategies. Chipotle Mexican Grill, in one case, recently announced an Alexa skill that lets diners reorder Chipotle meals for pickup or delivery with the...
When it comes to their pets, Americans are more than willing to shell out impressively large sums of cash. In 2018, American consumers spent $70 billion on their pets. The largest category of spending is on food – around $23 billion each year, or roughly 32...
With a less-than-anticipated decline, retail sales in Canada dropped in September for the first time in three months. Statistics Canada noted that retailers sold 0.1 percent fewer goods in the month as shoppers spent less on gasoline and motor vehicles, which beat a median forecast...
