Just three weeks after its initial public offering (IPO), sewing and arts and crafts retailer Joann said its same-store sales rose 21 percent for the three months ending Jan. 30, while its omnichannel revenues jumped 194 percent, albeit down from the 350 percent digital growth...
The augmented reality (AR) platform BEERSCANS is looking to advance the craft beer industry with packaging to entertain people as they sip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
It has been a big year for direct-to-consumer (D2C) commerce. As consumers turned to online channels to fulfill retail needs that they had previously primarily fulfilled in-store, brands have had an opportunity to take advantage of the digital shift’s acceleration to drive D2C sales. Existing D2C...
At a virtual Food Marketing Conference, Kevin Holt, CEO of Ahold Delhaize USA (ADUSA), told attendees that the company is looking for more seamless, convenient ways to target today’s “connected customer,” reported Supermarket News. Get the Full Story Complete the form to unlock this article...
In today’s top retail news, Kohl’s present board is seeking re-election amid an activist challenge, while Backflip has left stealth mode and officially rolled out. Plus, Guess anticipates that sales and earnings will double by 2025. Get the Full Story Complete the form to unlock...
Backflip has come out of stealth mode and officially rolled out. The rollout comes after a beta phase in which the company, which lets consumers sell old or used electronic devices, paid out more than a half a million dollars to its clients, according to...
CarMax, the country’s largest chain of over 200 used car dealerships, said Thursday (April 1) it planned to return capital investment to pre-pandemic levels with plans to open 10 additional stores, grow its digital efforts and fund the $400 million full acquisition of auto-industry data...
After closing the books on what it called “a challenging but rewarding year,” Los Angeles-based apparel designer and retailer Guess reiterated its long-term strategic plan in its earnings report on Wednesday (March 31) and said it still expects to nearly double its sales and earnings over...
Kohl’s current board asked shareholders to vote for “all of Kohl’s highly qualified director nominees” amid a challenge from activist investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
