A massive deal in the convenience store industry has been thrown into doubt after the Federal Trade Commission called 7-Eleven’s purchase of 3,800 Speedway stores and gas stations “illegal” and “anti-competitive” putting the $21 billion deal that closed Friday (May 14) in jeopardy. Get the...
When Walmart last met with investors in February, the owner of over 11,000 global stores had just wrapped up a record quarter — and year. Even as it proclaims to be “winning” the battle, the retail giant said it is raising the stakes in its...
Redbox, which operates a nationwide network of entertainment kiosks, said on Monday (May 17) that it has entered into a definitive deal to merge with publicly traded special-purpose acquisition company (SPAC) Seaport Global Acquisition Corp., according to an announcement. Get the Full Story Complete the...
Sales of luxury goods could rebound from the effects of the coronavirus as early as this year, thanks to shoppers in the U.S. and China, according to a new report from the consultancy Bain & Company. Get the Full Story Complete the form to unlock...
Digitally native mattress company Purple Innovation posted a 54.8 percent surge in direct-to-consumer (D2C) revenue and a 47.6 percent surge in wholesale revenue from Q1 2020 to Q1 2021 as the mattress brand saw formidable demand at the start of 2021. Get the Full Story Complete...
Free of masks, free of masks, thank your lucky stars, we’re free of masks. After a year of hiding our faces from the world in hopes of stopping the spread of COVID-19, the CDC has officially set us free as of this week. If you have...
In today’s top retail news, Ralph Lauren plans to sell its Club Monaco brand to a private equity firm, while Dillard’s total retail sales soared in the first quarter from the prior year. Plus, total U.S. retail and food sales stalled in April. Get the...
Omnichannel commerce platform Lightspeed is teaming up with Google to help local merchants boost revenues as the world reopens post-pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Amazon and Walmart took on bad actors, bad fitting clothes and bad optics this week as they jockey to outmaneuver each other ahead of Walmart’s upcoming earnings report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
