Retail

Retail
Neiman Marcus Group To Invest $85 Million In Its Supply Chain
January 28, 2021

Neiman Marcus Group (NMG) is making investments in its supply chain, technology, merchandising and personnel, which it says will transform the shopper experience at Bergdorf Goodman and Neiman Marcus, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
ACI Worldwide: Fuel Sales Add Fire To C-Store Digital-First Efforts
January 28, 2021

By the numbers, convenience stores are America’s gas stations. 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, PYMNTS Today. By completing this form,...

Retail
Grocery Roundup: Supermarkets Look Ahead, In-Store Pharmacies Struggle
January 27, 2021

For almost a year now, many grocery stores have had to play catch-up, responding to ever-changing consumer behaviors influenced by each shift in the course of the coronavirus pandemic. While infection rates remain high in most areas, the U.S. is also starting to see widespread...

Retail
Today In Retail: CarParts.com Debuts Hybrid, EV eCommerce Hub; Belk Plans To File For Chapter...
January 27, 2021

In today’s top retail news, CarParts.com, Inc. launched a shopping hub for hybrids and electric vehicles (EVs), while Belk has unveiled plans to seek Chapter 11 bankruptcy. Plus, Amazon has launched Alexa’s newest set of updates and features designed to make the voice assistant more...

Retail
Cici’s Pizza Files For Bankruptcy, Sells To D&G Investors
January 27, 2021

Cici’s Pizza, the all-you-can-eat pizza buffet chain, declared bankruptcy on Monday (Jan. 25), in large part due to the COVID-19 pandemic’s impacts on consumer behavior. Despite the chain’s attempts to ameliorate the pandemic’s impacts, revenue had decreased from $177.3 million in 2019 to $76.3 million in 2020, reports QSR Magazine,...

Retail
Starbucks Q4 Earnings Show Record-High Loyalty Program Participation
January 27, 2021

In September, Starbucks announced changes to its loyalty program that expanded rewards to customers paying without a Starbucks card, eliminating a key friction point in growing its membership base. The changes are working. As announced on Tuesday (Jan. 26), loyalty app usage was up 15...

Retail
CarParts.com Introduces Shopping Hub For EVs, Hybrids
January 27, 2021

Torrance, California-based CarParts.com, Inc. rolled out a centralized shopping location for the electric vehicle (EV), plug-in hybrid and hybrid community, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Belk Plans Chapter 11 Bankruptcy Filing
January 27, 2021

North Carolina-based apparel retailer Belk has unveiled plans to seek Chapter 11 bankruptcy. The company aspires to exit Chapter 11 bankruptcy by the end of next month, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Walmart Doubles Down On Drive To Roll Out Local Fulfillment Centers
January 27, 2021

Corporate Walmart is sold on the idea of creating a whole new model for expansion. This time around, the company has decided to boost the number of stores that will also serve as local fulfillment centers. Get the Full Story Complete the form to unlock...