As it reported formidable revenue for last year, LEGO said it will debut 150 new locations in 2020 — mainly in China. The toy company now has 570 locations globally, with the inclusion of 100 in the United States, The Wall Street Journal reported. Get the...
As it pursues profitability and aims to reduce expenditures, economy hotel firm OYO is reducing its worldwide workforce by 5,000 individuals. The newest wave of job reductions would cut the company’s headcount to 25,000 across more than 80 nations, according to reports. Get the Full...
Consumers’ appetites for plant-based food is apparently surging, as the market for those products hit a new high of $5 billion last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Same-day services at Target will soon include fresh food staples and alcohol, according to CNBC. 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,...
Rent the Runway, a company that lets people order clothes and then return them, is adding a new tier to its subscription offerings in an effort to grow its business, according to a report by CNBC. Get the Full Story Complete the form to unlock...
The business of fashion shows is struggling this week, but fashion retailing is not. Already eCommerce figured to play a major part in the various fashion weeks across the globe this week and next due to new technology and a willingness for designers to make...
The outbreak is hardly over, but a sense of perspective – some of it decidedly unconventional – is settling over the global commerce picture. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. The round also came with participation from Daiwa PI Partners as well as returning investors Asia Growth Fund, Mirae Asset-Naver, and Line Ventures, according to...
After helping to blaze the path for Hudson’s Bay Co. to go private, the company’s chief executive is departing the firm. Helena Foulkes, who is expected to leave in the weeks to come, came to the Saks Fifth Avenue parent from CVS Health Co. and...
