To thrive in the eCommerce age as it contends with Amazon, Walmart is planning to make its supercenters the heart of a network of businesses operating together to drive profits and bring in customers, The Wall Street Journal reported. Get the Full Story Complete the...
Brick-and-mortar restaurants are rolling out new store designs as their digital businesses increase in size. Chipotle Mexican Grill, in one case, is testing evolved design “to better support its billion-dollar digital business,” the quick-service restaurant (QSR) company said in an announcement, which noted that the...
Because it said it found a tie-up with Takeaway.com to make one of the leading eCommerce food delivery firms compelling, Just Eat supported the company’s final all-share offer and rejected a competing Prosus cash bid. Prosus and Takeaway had both made their bids higher for...
Bigger sales mean more returns as retailers ready themselves for a flood of unwanted merchandise that is anticipated to top $40 billion, CNBC reported on Friday (Dec. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. In 2009, the sharing economy was in its earliest days — Uber had just been founded, Airbnb was less than a year old,...
In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. It was called layaway. Get the...
Sustainable fashion was “in” this year – with all make and manner of new and established brands advertising their clothes/shoes/accessories designed to be environmentally sustainable, particularly given how incredibly polluting the fashion industry is in terms of land use, water use and the 21 billion...
Joe Clark remembers that when he was growing up, his parents belonged to the local art museum, and one of the perks of membership was that the museum had a collection members could borrow from, “kind of like a library book.” As a result, his...
With the growth of eCommerce sales, the number of products consumers are sending back to retailers is on the rise. As $50 billion in profits is left on the table each year, merchants are seeking new ways to contend with the problem, CNBC reported. Get the Full...
