The restaurant industry, hit hard by the effects of the coronavirus, has lost $120 billion in the first three months of the pandemic, reported the National Restaurant Association. The organization said its research indicated the industry’s losses are likely to keep rising and will total...
As the global pandemic closed U.S. businesses nationwide, car dealerships found themselves facing a crisis because consumers could no longer stop by the showroom for a quick test drive. That’s driven dealers and automakers to rewrite their business strategies with an eye toward creating new digital-sales tools...
Whether cashiers go the way of the horse and buggy could hinge on an experiment Walmart is running in Arkansas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The decision by most states to allow diners to eat indoors at restaurants as coronavirus restrictions are eased, seems to be having an impact, according to “The State of the Restaurant Industry,” the latest data from OpenTable, the provider of online restaurant reservations. Get the Full...
In eCommerce, the old saying holds: The enemy of my enemy is my friend. 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...
Men’s Wearhouse owner Tailored Brands might be the next significant retail company in the United States to make a bankruptcy filing as the COVID-19 crisis unfolds. Tailored — also the owner of K&G and Jos. A. Bank — included the potential for bankruptcy, or even...
Webrooming, before the pandemic, was a full-on retailing trend. But as the pandemic-driven digital shift gains traction, retailers have to be wondering if consumers will use websites to comparison shop for brick-and-mortar retail (webrooming) or whether they’ll go back to shopping retail to order online...
There are now not one, but two digital shifts occurring as the COVID-19 pandemic continues to disrupt consumer shopping habits. The first is the consumer-driven digital shift that has been well-documented, especially with brick-and-mortar powerhouses like Walmart clocking an eCommerce surge of 74 percent. The...
It’s Christmas in June for eCommerce retail as the shift to Digital 3.0 continues to gain traction. The latest evidence for that shift comes from Adobe, whose Digital Economy Index for May shows holiday season spending levels taking hold with an emphasis on mobile commerce....
