Big Lots, Inc. said on Wednesday (Sept. 30) that it expects comparable sales will rise in the “mid-teens” for Q3 fiscal 2020. The discount retailer forecasts diluted earnings per share (EPS) between 50 cents and 70 cents, according to an announcement. Get the Full Story...
Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. 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...
Global branded payments provider Blackhawk has debuted a new service allowing companies to outsource gift card and eGift program management, according to a news release Tuesday (Sept. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In today’s top retail news, holiday spending is expected to be flat this year, Bed Bath & Beyond rolls out same-day delivery and Target goes up against Amazon Prime Day with “Deal Days.” Also, J2 Global has agreed to buy RetailMeNot. Get the Full Story...
In a move that expands omnichannel shopping offerings for shoppers ahead of the holiday season, Bed Bath & Beyond Inc. has rolled out same-day delivery from buybuy BABY and Bed Bath & Beyond. The move comes after the prior introduction of contactless curbside pickup and...
Another contender has joined the Prime Day counterprogramming battle. Target announced on Monday (Sept. 28) that its “Deal Days” will compete day-to-day with Amazon’s proprietary holiday, which was confirmed only a few hours before Target’s. Get the Full Story Complete the form to unlock this...
Things are getting a bit uncivilized in the spat between LVMH and Tiffany & Co. The two ultra-high-end brands were supposed to be part of the same happy family after LVMH agreed to buy Tiffany earlier this summer, but the deal has dissolved into courtroom...
The consensus opinions are starting to show up on the retail fourth-quarter calendar. With Amazon’s confirmation of Prime Day and Target’s follow-up of its Deal Days, it appears that the season will start on Oct. 13. It’s fairly well accepted that holiday spending levels will...
Web information and services firm J2 Global, Inc. said on Tuesday (Sept. 29) that it has entered into a deal to buy RetailMeNot from marketing solutions firm Vericast for about $420 million, according to an announcement. Get the Full Story Complete the form to unlock...
