A new trend is emerging at airports in which customers fly to nowhere for no other reason than to access duty-free shopping, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In the past 14 months, the already crowded online grocery space has become more competitive than ever, with incumbents improving and expanding their digital offerings and newcomers coming to the fore. With digital-native brands and brick-and-mortar giants racing to provide the widest product assortments and...
Walmart’s grocery lead is slipping. That’s the takeaway from a nearly 100-page leaked memo as reported on Monday (May 10), which was distributed to advertisers in February that outright stated: Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In today’s top retail news, HanesBrands posted $1.51 billion in net sales from continuing operations for Q1, while L Brands’ board has unanimously approved a plan to split up the firm into two public and independent companies. Plus, The RealReal reported Q1 gross merchandise value...
As grocers look to build toward their hybrid digital-physical future, many stores are seeking out technologies to offer a frictionless experience in the brick-and-mortar space. After rolling out biometric payments in Seattle, Amazon is bringing its Amazon One pay-by-palm technology to New York City, incorporating...
The RealReal, which operates the world’s largest online marketplace for secondhand luxury goods, said it will add additional “neighborhood stores” in affluent communities as it projected GMV (gross merchandise value) would grow by up to 80 percent this quarter. Get the Full Story Complete the...
The country’s largest mall owner said the improving domestic economy is driving an increase in shopper sentiment and improving foot traffic and sales across its global commercial real estate portfolio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
After thinning the herd over the past decade and pushing many shopping malls to the brink of extinction, new research shows that an array of direct-to-consumer (D2C) and eCommerce brands may now be poised to save the very same retail properties they nearly killed. Get...
L Brands’ board of directors has unanimously given the go-ahead to a plan to split the firm into two public and independent companies: Victoria’s Secret and Bath & Body Works. Management said the firm anticipates the separation to occur by way of a “tax-free spin-off”...
