The U.K.’s Eat Out to Help Out campaign — which offered a 50 percent discount at restaurants on Mondays, Tuesdays and Wednesdays during August — was dramatically successful in boosting sales. The taxpayers shelled out $647 million for the rescue program, which subsidized the cost...
Shipt and Mastercard are joining forces to offer a delivery promotion to consumers during the holiday season. 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...
Another wheel has fallen off in the troubled mall sector, as two real estate trusts have filed for Chapter 11 bankruptcy. The filings, both announced Sunday night (Nov. 1), came from Philadelphia-based PREIT and Tennessee-based CBL & Associates. Get the Full Story Complete the form...
For retailers, the beginning of November would normally be the ramp-up to the holiday season. It used to be a time to check inventory, optimize media campaigns and revisit strategies for Thanksgiving weekend. Get the Full Story Complete the form to unlock this article and...
The Estée Lauder Companies Inc. reported on Monday (Nov. 2) as part of its fiscal Q1 2021 earnings that net sales fell 9 percent on an as-reported and constant currency basis, according to a press release. Get the Full Story Complete the form to unlock...
After more than half a year of living the pandemic lifestyle, consumers are getting comfortable with their digital lives – and a bit bored with their own home cooking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In September PYMNTS reported on findings that “Patrons of restaurants and bars are more likely to contract COVID-19 … according to a survey by the Centers for Disease Control and Prevention (CDC).” About two weeks later, PYMNTS reported that the restaurant segment “showed some signs of shifting back toward pre-pandemic...
As it takes over a large space that Bed Bath & Beyond is leaving behind, The Home Depot is preparing to bolster its footprint in Manhattan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The consumer-packaged goods business has seen the future and it is direct-to-consumer (D2C). Recent earnings calls and other developments show that while CPG companies averaged about a 5 to 10 percent sales increase during Q3, they’re also looking at the D2C space for future growth....
