U.K.-based The Restaurant Group, which serves up casual dining, reportedly plans to close 125 locations. That’s a big chunk of its stores, which include the Wagamama and Frankie & Benny’s chains. The latter will take the lion’s share of the hit. Get the Full Story...
Simon Property Group (SPG) has abandoned its $3.6 billion purchase of Taubman Centers Inc. and filed suit against the Michigan-based mall owner over an alleged breach of a merger agreement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
With the COVID-19 pandemic underway, consumer prices fell last month, led by drops in prices for motor vehicle insurance, energy and apparel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. Coresight’s research is not in...
As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for...
With Vroom motoring its way to a high-valuation IPO, it’s a good time to take stock of how a digital model for buying cars survived and thrived in the most challenging business environment of the digital era. Get the Full Story Complete the form to...
As it invites more customers into its stores, Best Buy Co. Inc. said that shoppers will have the ability to “safely and freely” shop at most of its retail locations sans appointment. The electronics retailer will start letting a limited number of customers into over...
Consumer spending in the United States gradually increased last month as shoppers arose from lockdown. Mastercard figures indicated that retail sales in the U.S., outside of the auto industry, fell only 5.6 percent in May from a year prior compared to a 14.1 percent drop...
Motivating a change in consumers or retailers is not always easy work, a reality evidenced by the plodding pace of contactless payments in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
