Following a drop in sales amid the COVID-19 health crisis, Burberry is to reduce its workforce by 500 positions globally with the inclusion of 150 jobs in its British head offices. The moves are part of the luxury brand’s plans to reduce costs by £55 million, The Guardian reported....
Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Someday, Onda CEO and Co-Founder Noah Gray will have a great case study to write. Or even a spin on the old “what I did for my summer vacation” essay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As predicted by the PYMNTS COVID-19 Tracker project, the automotive business will need to shift to Digital 3.0 for any kind of post-pandemic recovery. That shift was reinforced this week in two reports predicting the need for digital tools to recreate connections with consumers. Get...
Less than 90 days after REI, the outdoor recreation retailer, cut 25 percent of its workforce at its Kent, Washington headquarters, hundreds more workers will be laid off nationwide amid the pandemic, SeattlePI reported. Get the Full Story Complete the form to unlock this article...
Apple Inc. employees and shoppers who expected to see the California-based technology giant reopen its stores this summer got some bad news. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Livestreaming eCommerce is finally picking up steam in the U.S., care of an evolving business model from a three-year-old startup called Glamhive. The company has hosted two events so far, bringing at least one major sponsor together with a star-studded array of Hollywood stylist talent....
As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Contactless payments have been available since the mid-1990s, but the coronavirus has put the technology in the forefront. 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...
