Canadian global point-of-sale (POS) and eCommerce firm Lightspeed is teaming up with Silicon Valley payments platform Stripe to advance in-store and online payments for retailers and restaurants in the U.S. and Canada, the companies announced on Thursday (Feb. 6). Get the Full Story Complete the...
Foxtrot, looking to put a new spin on the classic counter convenience store, offers craft beer, natural wines and several of its own brands of sandwiches, meals and coffee, according to reports. Get the Full Story Complete the form to unlock this article and enjoy...
It’s been a tough week for malls. First, mall tenant Forever 21 was bought out by its landlords. Then, Sephora launched one of the most aggressive brick-and-mortar initiatives in recent memory in a decidedly non-mall fashion. Now, Macy’s has cut 125 more stores, with its...
Retailer 7-Eleven is testing a new concept: cashierless stores, according to a release. 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....
With the infrequent closing of one of its stores, IKEA is expected to shutter a British location as the retailer says the store had a “substantially lower” number of shoppers than first forecast. The Coventry location had regularly notched losses as of its 2007 opening, with customers...
With digital sales rocketing by 78.3 percent and accounting for 19.6 percent of sales, Chipotle Mexican Grill reported a comparable restaurant sales increase of 13.4 percent for the fourth quarter. The quick-service restaurant (QSR) company opened 80 new restaurants, with the inclusion of one relocation, and closed...
A startup with a plan to take on Amazon in the world of digital book sales might at first seem, well, a little crazy. Books were where Amazon got its first toehold into American consumers’ lives, and the idea that an upstart could step onto their...
If brick-and-mortar retail is struggling, Sephora didn’t get that email. But that email about malls? Received and duly noted. 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...
As Spotify took on Amazon and Apple by launching promotions, the music streaming company registered a higher-than-expected 29 percent jump in premium subscribers in Q4 of 2019. Analysts, on average, were forecasting 122 million paid subscribers, but the company’s premium subscribers clocked in at 124...
