Amazon announced last week that it would spend $800 million to make one-day shipping the default for Prime members. Much of the coverage was about the hit to Q2 profits from the additional investments in logistics, warehousing and inventory management required to cut the current...
As Luckin Coffee gears up for an initial public offering (IPO), Starbucks CEO Kevin Johnson believes that the use of discounting by competitors is not sustainable. The executive said his coffee chain is looking for a more sustainable growth plan, as its competitors eye gains...
Amid the backlash to cashless stores around the country, Sweetgreen plans to start taking legal tender. Critics contend that cashless stores impact those that don’t have credit cards, bank accounts or like to pay via cash, The New York Times reported. Get the Full Story...
Direct-to-consumer wedding brands are opening stores in real life — and personalizing the customer experience within them through digital technology. Floravere, for instance, opened its first brick-and-mortar location in New York City’s Tribeca neighborhood — a space that it says “reimagines shopping for one of the...
Footwear giant Nike has submitted an application to trademark the term “cryptokicks,” according to reports. 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,...
Drugstore chain CVS has announced it will open hundreds of SmileDirectClub centers inside of its stores, with plans to eventually have them in upwards of 1,000 locations. The centers will be called SmileShops, and customers will be able to get a 3D scan of their...
While the majority of people over the age of 35 are likely less than inclined to think of video game play as a sport, the numbers say otherwise. In 2016, eGaming was a $493 million industry, and in 2017 (the last year for which data was...
Might Macy’s be a better landlord than retailer? That thought seems to be floating around in recent days, as investors took kindly to the chain’s apparent plan to build what CNBC called “an office tower on top its flagship New York store.” Get the Full...
To provide a more enjoyable shopping experience and control costs, Walmart is testing ways to digitize its brick-and-mortar stores. The retailer is officially opening its Intelligent Retail Lab at a Long Island Neighborhood Market grocery store location, the Associated Press reported. Get the Full Story...
