Let them eat cheesecake. Or chicken parmesan. Or better yet, let them make cheesecake or chicken parmesan. 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...
For the past 25 years, parents have known Learning Resources as the company that makes those toy cash registers. And in today’s work-at-home world, parents may know it as one of the companies helping to keep the family sane. But Learning Resources says that above...
As talk turns to reopening retail it’s becoming painfully clear that the business timeline and the consumer timeline don’t match. And that could be devastating news for the retail sector most in need of a grand reopening: malls. Get the Full Story Complete the form...
As its retail locations are closed due to the COVID-19 pandemic, Gap cautioned on Thursday (April 23) that it might not have enough cash to adequately fund its operations. The clothing retailer said it has to take additional steps to come across liquidity over the...
With Texas Governor Greg Abbott’s plan to open the state again, shops will start running on a retail-to-go basis Friday (April 24). Owners of business are aiming to operate with the new changes — from a children’s retail shop to a music store, according to...
A study by analysts at UBS found that 100,000 U.S. retail stores could close by 2025, a number the coronavirus pandemic has sped along, according to a report by USA Today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
COVID-19 social distancing restrictions have shuttered most U.S. malls at a time when they were already hurting, but it’s not clear that merely lifting bans on “nonessential” businesses will help. Our latest PYMNTS COVID-19 Tracker – a survey of thousands of U.S. consumers – found that customers...
Sycamore Partners, the private equity firm seeking to buy out Victoria’s Secret, is now looking at backing out of the deal after the retailer closed its U.S. locations and let go most of its staff in response to the coronavirus pandemic, according to a report...
In a time period dominated by retail sales declines, the hardest hit has been the automotive industry. While March retail sales dropped 8 percent overall, new cars dropped as much as 36.9 percent for some brands as dealerships were shut down due to concerns over...
