As it shuttered stores and decreased operating hours due to the coronavirus pandemic, Lululemon Athletica said, direct-to-consumer (DTC) net revenue jumped 68 percent for the first quarter of fiscal 2020. The activewear company reported gross margin of 51.3 percent, which marked a 260 basis point...
To provide parents, teachers, owners of small companies and telecommuters with an additional avenue to shop, Staples US Retail teamed with Instacart to roll out same-day delivery from over 1,000 U.S. stores. The tie-up lets customers choose between an array of products such as back-to-school...
Boston’s Hanover Street parking spots, nearly impossible to find, have been eliminated and replaced with seating for more than a dozen restaurants, the city announced on Thursday (June 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
At least one executive is not ready to give up on malls. 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...
Amid the coronavirus pandemic, Disney Parks, Experiences and Products has unveiled its intentions for a “phased reopening” of the Disneyland Resort. The company noted that Disneyland Park and Disney California Adventure Park will open again on July 17, while Disney’s Paradise Pier Hotel and Disney’s Grand...
The pandemic-driven digital shift means that eCommerce buyers will need some help assembling their purchases. A company called Buy It Installed, which launched in 2012, is ready to help the less skilled consumer with the task. The company allows online and offline consumers to purchase...
The digital shift continued to show its dramatic potential to change retailing today, as three companies announced major changes to their business models. No less than Sam’s Club, Starbucks and fashion high-flyer Zara have made adjustments to online ordering and purchasing. Get the Full Story...
One of the unsung casualties of the pandemic for retailers may be 5G technology and its rollout. Its proponents had Christmas visions of dressing room tech, augmented reality (AR) experiences and even supply chain efficiencies that grow from the increased bandwidth that the technology can...
Lowe’s Companies, Inc. opened its inaugural phase of grant applications to offer relief to minority-owned businesses as part of its $25 million commitment announced in the past. The effort comes at a time when small companies work to stay in business and pay their workers...
