Major U.S. retailers who adopted longer return policies during the ongoing COVID-19 pandemic to entice customers could be paying for those changes — in more ways than one — if holiday shoppers return a record $112 billion in unwanted gifts, Reuters reported Wednesday (Dec. 29). ...
LG Electronics is expanding the number of its unstaffed retail stores from the original nine, which opened in May, to 19 as of Wednesday (Dec. 29), AJU Business Daily reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Imagine a consumer in a store, item in hand, about to make a purchase. Then, something happens that causes them to suddenly change their mind and walk out, leaving the item they were going to buy behind. Get the Full Story Complete the form to...
Of the 26 states — and Washington, D.C. — mandating minimum wage raises in 2022, California and New York are the only states that will require employers to pay at least $15 an hour to their workers, amid ongoing labor shortages in just about every...
There is no better teacher than experience — and when you add in the benefit of holiday season hindsight that’s just a few days old, the opportunity for edification is even greater. Get the Full Story Complete the form to unlock this article and enjoy...
Fueled by a 1000% rally in its stock price since the March 2020 lows, the love ‘em or hate ‘em rubber clog-maker Crocs was able to do a major acquisition last week that will not only broaden its stable of products but will give it a...
In today’s top retail news, social commerce comes with plenty of potential and pitfalls, while retailers are facing a $200 billion holiday returns scenario. Also, FloBiz rolls out a point-of-sale billing platform, and the Bring-It-To-Me economy is reshaping the retail sector. Get the Full Story...
Bengaluru-based FinTech FloBiz on Tuesday (Dec. 28) launched a point of sale billing solution for retailers and franchises through its billing and accounting software platform myBillBook. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Liking a post on social media. That’s so last year, or so people will perhaps be saying, once 2022 is officially underway. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
