With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose a seasonally adjusted 0.3 percent last month from December, per the Commerce Department. The results meet the forecasts of economists...
To recover following a lackluster display over the holidays, Modell’s Sporting Goods has brought on a series of advisers with the inclusion of a chief restructuring officer. The retail chain has encountered slumping sales and a competitive field from eCommerce, as well as big-box retailers,...
MyTheresa, the online luxury fashion retailer, plans to list on the New York Stock Exchange to take advantage of robust equity markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Alibaba revealed that it expects the coronavirus, which originated in the Wuhan province of China and sparked global epidemic fears, will negatively affect its revenue moving forward, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
For those without much culinary experience, eCommerce innovators are assembling “how-to” kits to help teach them how to bake. Whisk Takers, in one case, offers kits with non-perishable ingredients and step-by-step recipes for baked goods that consumers can purchase through subscriptions or a la carte....
You don’t get to be Simon Property Group with $2 billion in income during a bad year without being crafty about retail. You don’t get to be Brookfield Property Partners with 2,000 properties in 30 countries without knowing something about weathering tough times. These mall...
Only two weeks after Chief Executive Elon Musk indicated that Tesla was not looking to bring in more capital, the electric automaker says it intends to have a $2 billion common stock offering. Larry Ellison will purchase as much as $1 million, while Musk will purchase as...
Regardless of whether you think it’s a good idea for the market or a legal misstep, the T-Mobile and Sprint merger is going to put 5G on a faster track. Exactly how fast the technology will be a consumer factor depends on the prognosticator you...
With its newest Galaxy S20 flagship phones, Samsung is providing customers with 5G devices in the U.S. and many other markets even if they don’t use the 5G connectivity feature. The base model for this year also comes at a price that is $250 higher...
