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....
Walmart-owned Sam’s Club will now offer same-day grocery pickup for online orders, according to sources. The retailer’s announcement comes nearly a year after Sam’s Club began testing grocery pickup in the summer of 2018. All current Sam’s Club members can order either online or via...
As Lululemon looks to compete with Amazon and differentiate itself, the fitness apparel retailer is opening a massive store in Chicago. The location, which is in the city’s Lincoln Park neighborhood, is 20,000 square feet, CNBC reported. Get the Full Story Complete the form to...
Get ready for autonomous grocery delivery — at least that’s the message from autonomous delivery services provider Udelv. The California-based firm reportedly has “signed yet another partner to launch a new pilot of its self-driving goods delivery service: Texas-based supermarket chain H-E-B. The pilot will provide...
