The department store segment had mixed news this week, as Dillard’s showed signs of recovery but a new report showed a reversal of some of the positive foot traffic and sales trends that had led to a guardedly optimistic outlook for the sector. Get the...
Alternative-asset manager Brookfield Asset Management said it raised a record $23 billion in Q2 and foresees speeding up the pace of investments in the wake of the pandemic’s disruption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.S. Census Bureau reported estimated advanced U.S. retail and food services sales for July of $536 billion, marking a rise of 1.2 percent (± 0.5 percent) from June and 2.7 percent (± 0.7 percent) above July of last year, according to a Friday (Aug....
Amazon, Target and Walmart get most of the attention for their eCommerce efforts, but grocery giant Kroger has been quietly implementing a three-year-long digital transformation of its own. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
AMC Entertainment Holdings, which has repeatedly delayed its plans to reopen theaters, announced Thursday (Aug. 13) in a press release that it “expects to open approximately two-thirds of its more than 600 U.S. theater locations” by Sept. 3 — the release date for the Warner...
The need for speed is turning convenience stores into hotbeds of retail technology, all with the goal of reducing friction in the customer experience. The latest evidence of that trend can be seen in a new cashierless checkout pilot announced this week from Circle K,...
In alphabetical order, they’re Amazon, Apple, Facebook and Google. They go by a few handles. One is “the companies that testified before Congress a few weeks ago.” The other is “the four horsemen,” as in the apocalypse. At PYMNTS, the outlook is a bit more...
Even without an official date set for Amazon’s Prime Day or Walmart’s Plus launch, the holiday season is starting to take shape. Judging from events that have happened over the past few weeks it’s apparent that Holiday 2020 will be longer, values-driven and more subtle...
To provide further same-day and next-day services to its customers, Lowe’s Companies, Inc. said in an announcement that it intends to open four online shopping fulfillment centers, seven bulk distribution hubs and 50 cross dock delivery terminals over the year and a half to come....
