Brookfield Properties Retail Group CEO Jared Chupaila delivered bad news to his employees this week. 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,...
There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. On one side of the spectrum sits the “legion of doom,” or the analysts and consultants who believe the format and the department store tenants that anchor...
The combined dynamics of the digital shift and the pandemic have caught up to Ralph Lauren. Tuesday morning (Sept. 22) the company announced steps to cut its workforce and accelerate its digital transformation. Get the Full Story Complete the form to unlock this article and...
Consumer packaged goods (CPG) – which just four years ago had only a 1 percent penetration rate online – are capturing the digital shift in a dramatic way during the pandemic. As the crisis pushed online grocery into exponential growth during the crisis, CPG companies...
To help local businesses encountering difficulty because of the coronavirus or civil unrest, the Mall of America is contributing a 5,000-square-foot retail space to local businesses called the Community Commons. The space will be rent-free to 17 companies, opening Oct. 1 and will stay in...
Midwestern grocery chain Hy-Vee, Inc. has brought DSW Designer Shoe Warehouse “shop-in-shops” to the Minneapolis-St. Paul area. The inaugural locations opened at the grocer’s Eagan and Brooklyn Park supermarkets, while four additional stores are slated to open in the two weeks to come, according to...
Shortages of popular items like clothing, electronics and more are likely to cause trouble for U.S. retailers during the holiday shopping season, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
We saw a tale of two big Labor Day weekend releases this year: Disney’s Mulan and Christopher Nolan’s time travel-thriller Tenant. Both were billed as 2020’s big summer blockbusters, both had budgets in the hundreds of millions, both enjoyed extensive marketing campaigns, and both came to their...
In today’s top retail news: Walmart branches out into private-label fashion, SMB retailers seize media opportunities, and the pandemic gives the book industry a surprising boost. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
