Two board seats and nine months after its prior shake-up attempt, and New York-based activist investor and Kohl’s shareholder Macellum Advisors is at it again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Walmart U.S. president and CEO John Furner took over as the new chairman of the National Retail Federation Monday (Jan. 17), succeeding Qurate Retail, Inc. former president and CEO Mike George, who led the group through perhaps its most tumultuous two years in recent memory....
It may say “free delivery” on your order, but everyone knows the process of moving a package from point A to point B is anything but free, especially for the small retailers who have to shoulder the expense of increasingly costly shipping to compete with...
Kohl’s is facing demands from Macellum Advisors to bolster its failing stocks or pursue avenues to sell the company, The Wall Street Journal (WSJ) reported Monday (Jan. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Ralph Lauren CEO Patrice Louvet said Monday (Jan. 17) at the National Retail Federation’s Big Show that the fashion retail brand is hitching its wagons to the metaverse in a quest to attract younger shoppers, CNBC reported. Get the Full Story Complete the form to...
Amidst a surge in the omicron variant of COVID-19 and a weaker-than-expected slump in December retail sales, pessimism has gotten the best of many consumers and shaken their confidence for the year to come, but TD Bank Head of Retail Card Services Mike Rittler is...
Peloton customers will pay an extra $250 for delivery and assembly of its Bike and another $350 for its Tread starting Jan. 31 due to inflation and increasing supply chain costs, CNBC reported Sunday (Jan. 16). Get the Full Story Complete the form to unlock...
At this point of the pandemic, most large brick-and-mortar retail chains have established a functional — albeit basic — digital operation to support their core in-store business. While far from perfect, these online offerings have gone from being lockdown-phase necessities to transformative gateways that will...
Five partner brands of eCommerce platform Shopee hit at least $100 million in gross merchandise value (GMV) in 2021, while Shopee Mall saw an eightfold increase in the number of users shopping online at least once a month during the year, according to a Tech...
