Saks Fifth Avenue CEO Marc Metrick said luxury retail could be called “comfort food” for those mired in pandemic-related stress, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
It was a particularly busy week in the grocery segment, as players big and small were pulling double duty — attempting to up the level of the multichannel game while also participating in the push to accelerate vaccine distribution to those who need it most....
Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1, Barneys New York and others are coming back – at least in some fashion. Get the Full Story Complete the...
Costco is waving the white flag and testing curbside pickup at three New Mexico locations after long resisting the idea. But is it too little, too late in an era where consumers are demanding a range of convenient pickup and delivery options? Get the Full...
The COVID-19 crisis and the digital shift that it accelerated are making five lessons clear that tradition brick-and-mortar retailers must heed if they want to survive, according to Karen Webster. One key takeaway — traditional merchants’ biggest rivals these days aren’t other traditional merchants, but...
Mytheresa is set to go public at a value of $2.2 billion, with its stock priced at $26 per share, above its planned range of between $16 and $18 per share. The firm plans to list its stock on the NYSE with the “MYTE” ticker...
Southeastern Grocers, the parent company of brands such as Winn-Dixie, HAS unveiled a rollout of an initial public offering (IPO) of 8.9 million shares of its common stock to be sold by some of its shareholders for an expected price in the range of $14...
Restaurant franchisee NPC International won court approval to sell 1,300 Pizza Hut and Wendy’s locations for around $800 million, Bloomberg reported. The news comes months after the pandemic forced the company into bankruptcy. Get the Full Story Complete the form to unlock this article and...
In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Plus, Jennifer Lopez is depending on Flowcode for marketing of her new JLo Beauty brand. Get the Full...
