After opening retail locations in four states, Kohl’s said it intends to open stores in 10 more states on Monday (May 11) as it follows a phased approach to retail reopening. The company said in an announcement that it will also open further retail locations in...
Brookfield, which owns stake in numerous malls and related properties, is going to spend $5 billion to try and get the industry back on track after the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. Get the Full Story Complete the form...
Neiman Marcus’s bankruptcy filing on Thursday (May 7) may go unnoticed by many consumers. 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...
As COVID-19 keeps disrupting everyday life, North America comparable sales at Papa John’s rocketed almost 27 percent last month. CEO Rob Lynch told CNBC in a televised interview that April was the best month in the history of the quick-service restaurant (QSR) chain. Get the Full...
While 2020 has taken its toll on the majority of businesses, few players have been hit harder than those in the travel vertical. Shelter-in-place orders have left consumers at home, with every intention of staying there — possibly for quite some time. Get the Full...
Neiman Marcus has filed for bankruptcy as the “great resettling” continues for retail. The company announced Thursday morning (May 7) that it has entered into a binding agreement “with a significant majority of our creditors to undergo a financial restructuring that will substantially reduce the...
They’re reopening – but they’re dead. Or they’re fading. Or they’re awaiting a renaissance. The characterization of the future of the American mall cuts across many opinions and datasets, but the fact remains that in many cases, it is a fixture of brick-and-mortar retail. Get...
State governments are dropping the ball on retail reopenings. As the week plays out, inconsistent direction and confusion have been standard with New York, Texas, California and Hawaii getting criticized by retailers big and small. Get the Full Story Complete the form to unlock this...
