If there’s a positive development from the disruptive effect the COVID-19 virus has had on retailing, it’s a renewed focus on technology and the supply chain. Retailers are suddenly aware that goods don’t arrive by magic. And they’re aware that vulnerabilities in technology can be...
As a means of stimulating depressed eCommerce volume, China’s Alibaba Group is launching an online shopping festival with 1 billion yuan ($144 million) in spending subsidies to offset the impact of the Coronavirus, the company announced on Thursday (March 5), Reuters reported. Get the Full...
Dollar Tree’s fourth-quarter earnings were better than expected, as the company continues its upgrades to the Family Dollar portfolio and launches new initiatives, per reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
After experiencing a stretch of formidable growth, the Swiss family behind Lacoste, the apparel firm, is looking for acquisitions to bolster its “affordable luxury” and activewear brand collection, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy...
It’s 2006. “The Departed” is the top movie. The iPhone is a year away. People use beepers for urgent communications. Bush the younger is president. Post-bubble internet startups are showing up with daily frequency, including a travel site called Expedia. A young man in the...
In the wake of Panera Bread’s $8.99 per month “all the coffee you can drink” loyalty program that debuted this week, it’s worth taking a look at the online-offline dichotomy for loyalty programs. Analysis finds that retailers are overcoming the “last mile” of resistance to...
As part of an experiment to determine if suburban diners like its more upscale restaurants as much as those who live in cities, Taco Bell will change three traditional locations into Cantinas in 2020. The quick-service restaurant (QSR) brand opened its inaugural Cantina in 2015...
When the going gets tough, the tough — buy soup, apparently. And lots of it if recent reports from last weekend are to be believed and Americans are rushing to stores and clearing the shelves of soup and other canned goods. Consumers are apparently hoarding as they...
Clothing company J.Crew said an unknown hacker accessed some of its customers’ online accounts almost a year ago, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
