GOAT, an eCommerce sneaker and apparel marketplace, wrapped up a $195 million Series F funding round. The firm achieved a $3.7 billion valuation with the round, more than doubling the $1.8 billion valuation it attained after its Series E round unveiled in September 2020, according...
Rite Aid, which has more than 2,500 retail pharmacy locations throughout 17 states, reported that revenues from continuing operations climbed by 2.2 percent to $6.16 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Back before the digital-first economy became a primary force, brick-and-mortar retailers staked their claim to the curious customer on their windows. In fact, as global retail consultant Debra Templar famously told her clients: “The first impression a person is going to get of your shop...
Snack food consumption surged during the height of the pandemic — after all, shoving a handful of gummy worms into your mouth may not solve the impending doom, but it sure can distract you for a moment. Now, however, as consumers begin to return to...
In today’s top retail news, Bed Bath & Beyond debuted another owned brand, while Perfect Corp. has integrated with Facebook. Plus, Nordstrom and Indochino are launching store-in-store shops. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With its new “Target Forward” initiative, the Minnesota-based retail chain has created a centralized set of sustainability goals on par with Amazon, Walmart and countless other retailers, at a time when retailers are increasingly rethinking their priorities and reacting to changing consumer preferences. Get the...
Luxury department store Nordstrom and men’s custom-fit fashion retailer Indochino said Wednesday (June 23) they are launching nearly two dozen store-in-store locations in a move aimed at boosting sales at both companies at a time of changing taste and demand for back-to-work clothing. Get the...
Shoppers who flocked to Amazon to pick up summer savings walked away with less in their cart on average than in previous years, a potential sign that the earliest Prime Day yet did not cannibalize back-to-school sales happening later this summer. Get the Full Story...
Beauty technology company Perfect Corp. has integrated with Facebook for the growth of augmented reality (AR) digital beauty try-on and shopping experiences throughout Facebook and Instagram, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
