Nordstrom has obtained a minority stake in the Topshop, Topman, HIIT and Miss Selfridge labels. Its investment will fuel the expansion of the brands around the world, according to a Monday (July 12) announcement from Nordstrom and British fashion retailer ASOS. Get the Full Story Complete...
Today is Chris Cracchiolo’s first day on the job at Walmart. The 19-year American Express veteran is taking over as the head of Walmart+, which is Walmart’s subscription program that launched last September as a foil to Amazon Prime. Get the Full Story Complete the...
Maybe it’s because they’re forever and even terrible pandemics aren’t, but sales of diamonds appear to be roaring back after a pandemic slump, CNN reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Live events took a beating in 2020 as COVID restrictions made gatherings of almost any size impossible. The most personal of live events — weddings — were perhaps the hardest hit as couples were forced to pick between downsizing to a handful of guests, going virtual...
In today’s top retail news, Warby Parker is looking to grow its brick-and-mortar retail footprint, while PriceSmart reported rising revenues amid plans to open new warehouse club locations. Plus, Levi Strauss reported better-than-expected sales and profit in Q2. Get the Full Story Complete the form...
Is the American mall in crisis mode? 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. By completing this form, you agree...
Instacart is making some major changes as it gears up to go public. On Thursday (July 8), the company announced that it is appointing board member Fidji Simo, who has spent a decade at Facebook, most recently as head of the social media platform’s app,...
Although the debut of new Amazon CEO Andy Jassy garnered the most water-cooler talk this week as he officially began his new role atop the eCommerce giant, Walmart was making its own executive changes aimed at reshaping its future too. Get the Full Story Complete...
In spite of its postage-themed name, California-based Stamps.com accepted a $6.6 billion all-cash offer Friday (July 9) from private equity giant Thoma Bravo, in a deal that, at $330 per share, marks a nearly 70 percent price premium and an enormous bet on the future...
