Mid-to-late September used to be about back-to-school for the younger set, and Fashion Week for the fashion elite. This year, both of those occasions will take place virtually, as the fashion industry continues to reckon with ways to get apparel in front of influencers, the...
Struggling mall owner CBL Properties intends to file a pre-packaged Chapter 11 bankruptcy to eliminate some $1.5 billion of debt under a plan the company says creditors holding 57 percent of its obligations have already approved. Get the Full Story Complete the form to unlock...
In a move that bolsters the drive-thru and digital experience for diners, Taco Bell has unveiled a new “Taco Bell Go Mobile” store concept. The quick-service restaurant (QSR) chain said the eatery is especially created for diners to place their orders ahead of time via...
US Foods Holding Corp., an Illinois-based food service distributor, has announced an initiative to help restaurant operators launch ghost kitchens. 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...
It’s highly unlikely that history will look back on the summer of 2020 as a good period of time. But if anyone can find a silver lining as the season stumbles to its close, perhaps Christiane Lemieux can – because it has been an eventful...
The grim reality of erratic consumer spending patterns has changed back-to-school sales projections. At a time when the season should be in full swing, many seasonal predictions have been withdrawn or changed from optimism to caution. Get the Full Story Complete the form to unlock...
The mega-retail blowout continued this week, as Target posted record Q2 earnings Wednesday (Aug. 19) with evidence that the digital shift is moving from pandemic phenomenon to a consistent reality. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Lowe’s Companies, Inc. reported on Wednesday (Aug. 19) that Lowes.com sales have skyrocketed 135 percent and U.S. comparable sales increased 35.1 percent for the second quarter. The company also invested $460 million in the quarter to help its workers and communities due to the pandemic,...
TJX Cos. announced on Wednesday (Aug. 19) that its overall “open-only comp store” sales were down 3 percent compared to last year for Q2 FY21. The firm said it reopened 4,500 retail locations throughout the globe, as well as its eCommerce websites, during the quarter,...
