One source has revealed that Forever 21 might be filing for bankruptcy. The retailer has been looking into ways to restructure its business as it deals with struggling sales. But one person familiar with the situation told CNBC that those efforts have stalled, and bankruptcy...
Costco Wholesale Corp. continues to grow its eCommerce and grocery operations – same-day grocery delivery is now available to most of the store’s members, the company recently said – as the merchant continues to bask in the glow of besting Amazon in an important customer...
Hudson’s Bay Company (HBC) is selling Lord & Taylor for $100 million to Le Tote, a clothing rental subscription service, the New York Post reported on Wednesday (Aug. 28). Lord & Taylor is the oldest department store chain in the U.S. and was acquired by...
Starting a business out of an Ivy League dorm room is far from a rare story in the world of American entrepreneurship in the last several decades. Arguably some of the Ivy League’s most successful students over the last 20 years have been dropouts. Get...
With technology for cashierless checkout and robotic-powered order fulfillment, automated retail is changing how consumers shop for groceries and how supermarkets fill their eCommerce orders. And, as grocers are experiencing rising customer interest in high-speed in-store shopping as well as quick online purchase access, these...
Forget millennials – well, at least for a moment. So-called Generation Z is also driving much of the innovation when it comes to retail. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In a move that could grow its services into a populous new market, Amazon has reportedly held discussions with Indonesian ride-hailing firm Go-Jek on a partnership per unnamed sources in a published report. The companies have reportedly talked about an agreement that would have Amazon...
With upgrades of its original model along with Amazon Alexa support, Fitbit announced its Versa 2 smartwatch, which sports a new OLED screen and a more powerful processor to allow data and apps to load faster. The device will roll out in mid-September, CNBC reported....
Uber Eats and Japanese convenience store chain Lawson are partnering on deliveries in Central Tokyo. 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,...
