Retail

Retail
McDonald’s Plans Digital Innovations Amid Slow Growth In 2021
February 03, 2021

McDonald’s, navigating its way out of the pandemic, has predicted mid-single digit sales growth this year, according to CNBC. 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...

Retail
Study: Gift Card Sales Fell More Than 30 Pct In 2020
February 03, 2021

Customer experience management platform provider Paytronix released its annual restaurant gift card sales report, which found that gift card sales declined in 2020. They dropped 31.8 percent in 2020 compared to 2019, although in-store physical card sales declined the least, according to a Wednesday (Feb. 3)...

Retail
Uber Eats Commits $20 Million To Support Independent Restaurants
February 03, 2021

Uber Eats is introducing Eat Local, an initiative to advance support for independent restaurant owners and operators amid continuing pandemic-related challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Today In Retail: Cart.com Purchases D2C Firm; Online Shopping Spike Fuels UPS’ Record Quarterly Revenues
February 03, 2021

In today’s top retail news, Cart.com unveiled its purchase of Cheap Cheap Moving Boxes, while UPS revealed consolidated revenue of $24.9 billion for Q4 2020. Plus, Amazon’s Q4 net sales have exceeded $100 billion. Get the Full Story Complete the form to unlock this article...

Retail
Chipotle Tests Consumer Limits With Price Increase For Delivery
February 03, 2021

In its final quarter of 2020, Chipotle‘s digital delivery orders accounted for about 25 percent of its total sales. “To help improve the economics on this premium access point, we have implemented several delivery menu price differentials, with a weighted average fee right around 13...

Retail
Cart.com Buys D2C Brand Cheap Cheap Moving Boxes
February 03, 2021

Cart.com unveiled its purchase of direct-to-consumer (D2C) moving box brand Cheap Cheap Moving Boxes (CCMB), which has meaningful supply chain, logistics and operational capacity. The transaction’s terms were not made public, according to a Wednesday (Feb. 3) announcement. Get the Full Story Complete the form to...

Retail
Tulip Introduces Fulfillment Technology For Retailers
February 03, 2021

Retail cloud-based mobile technology provider Tulip has rolled out its Fulfillment offering to help merchants grow their abilities to manage, monitor and deliver eCommerce orders straight from the store, according to a Wednesday (Feb. 3) announcement. Get the Full Story Complete the form to unlock...

Retail
Westfield Valley Fair Teams With Kitchen United For Multi-Restaurant Ordering
February 02, 2021

Westfield Valley Fair, a shopping center in Silicon Valley, is partnering with Kitchen United, a ghost kitchen company, to deliver a streamlined, multi-restaurant ordering solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Today In Retail: CarLotz Opens Two New Hubs; Economy, Emotions Help Blockbuster Holiday Sales
February 02, 2021

In today’s top retail news, CarLotz unveiled the opening of centers near Orlando, Florida and Seattle Washington, while a National Retail Federation economist said a rebounding economy and consumer emotions helped blockbuster holiday sales. Plus, it was mostly smooth sailing for Alibaba as the firm...