May was a devastating month for Great Britain’s auto industry, as sales fell by 90 percent. 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...
Online commerce has soared during the pandemic, prompting retailers of all types and sizes to leverage how they use digital channels to bring back customers while a full return to physical retail remains months away. Get the Full Story Complete the form to unlock this...
Nevada has rolled the dice, hoping gamblers who have been shut out of casinos for more than two months because of COVID-19 will return. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Fashion’s excess inventory problem is on the way to being alleviated. New moves from Amazon and other companies show that retailers and fashion brands are finding new ways to shed what has become a pandemic problem: stockpiled product for spring with summer already here. Get...
There is no “new normal” for retailing anymore. The pandemic has changed everything from digital shopping preferences to inventory to pricing. Loyalty programs are no exception. Here are three issues to consider when reconsidering post-pandemic loyalty. Get the Full Story Complete the form to unlock...
Welcome to grilling season. This summer, 70 percent of all Americans will fire up a grill. Most will do so on a gas grill, although charcoal is still a close second. A majority of them will grill on the Fourth of July or Father’s Day....
After lockdown restrictions were removed, Adidas’ China sales have bounced back faster than anticipated, fostering hopes that the brand can start to recover from a massive drop in worldwide demand, the Financial Times reported. Get the Full Story Complete the form to unlock this article...
The debut of new omnichannel features such as same-day delivery and curbside pickup, among other factors, helped fuel 296 percent eCommerce growth for The Michaels Companies, Inc. in Q1. The retailer, however, reported a 27.6 percent drop in comparable store sales for the 13 weeks...
LVMH is considering walking back its deal to purchase Tiffany & Co. for $16.2 billion due to the effects the pandemic and recent U.S. social unrest have had on the retail vertical, Reuters reported. Get the Full Story Complete the form to unlock this article...
