Retail

Retail
BigCommerce Reports 33 Pct Revenue Growth
September 10, 2020

BigCommerce Holdings Inc. reported that accounts over $2,000 in annual contract value (ACV) totaled 9,378 for Q2 2020, marking a 7 percent rise in contrast to Q2 2019, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Century 21 Stores Files For Chapter 11 Bankruptcy
September 10, 2020

Off-price retailer Century 21 Stores announced on Thursday (Sept. 10) that it voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. The company said it filed “customary motions” for permission to start going out of...

Retail
Petco Eyes IPO Or Sale At $6B Valuation
September 09, 2020

The owners of Petco are exploring a buyout of the pet retail store that could net as much as $6 billion, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Mall Owners Set Up $800M Deal To Save JCPenney
September 09, 2020

U.S. mall owners Simon Property Group and Brookfield Property Partners are in talks to bail out the bankrupt JCPenney, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Black Friday 2020 Takes On New Forms To Adapt To COVID-19
September 09, 2020

Just as the pandemic has accelerated the adoption of new eCommerce technologies, it might also hasten the demise of Black Friday as we’ve known it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Kroger Earnings Preview: Watch For Subscription Services
September 09, 2020

Kroger will announce its earnings on Friday (Sept. 9) at the market’s open, marking the end of an aggressive second quarter in which the supermarket giant finds itself competing beyond its traditional category competition and going up against Amazon and Walmart. Get the Full Story...

Retail
Report: Social Commerce Market Reaches $89B
September 09, 2020

Regardless of what happens with the sale of TikTok, social commerce could become a retail factor to reckon with in Q4, and is definitely ready for its close-up in 2021. In fact a new report puts the global market for social commerce at $89.4 billion this year...

Retail
The Honeymoon’s Not Over For Bridal Retail
September 09, 2020

Pandemic or not, people are still getting married. And social distancing or not, they’re still having weddings – although the scale and scope of them are radically different than even the most aggressive Bridezilla could imagine. Caught somewhere in the middle is a category that...

Retail
American Eagle Outfitters Digital Demand Surges 48 Pct
September 09, 2020

American Eagle Outfitters, Inc. reported on Wednesday (Sept. 9) that Q2 digital demand, which is tracked by ordered sales, surged 48 percent. The apparel retailer reported that Aerie digital demand jumped 113 percent and AE rose 21 percent, according to an announcement. Get the Full...