Retail

Retail
Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe
September 30, 2019

Fast-fashion chain Forever 21 has filed for Chapter 11 bankruptcy protection. The company said it will close a large number of physical stores worldwide, CNBC reported on Sunday (Sept. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
How Digital Platforms Tackle Luxury Travel Reservations, Payments
September 30, 2019

Luxury travelers may trade the typical beach vacation or amusement park trip for more exotic and adventurous destinations, such as Costa Rica or Naples, Italy. And this segment is willing to spend big on their excursions. But many luxury trips can run aground without effective...

Retail
Are Online Resale Sites Rife With Counterfeits?
September 30, 2019

Counterfeiting is stereotypically the domain of luxury goods, where fraudsters dupe unsuspecting shoppers into buying fake handbags, accessories or beauty products. But as with the tainted baby formula scandal a decade ago and more recent vape-related illnesses, possibly due to tampered cartridges, counterfeiting can affect...

Retail
Ex-Google Executive Joins Italian Shoe Firm Tod’s
September 29, 2019

Former Google leader Alessandra Domizi will take the digital helm of Italian shoe and leather company Tod’s on Oct. 14, Reuters reported Friday (Sept. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
The Big Bucks Behind Sleep (Or Lack Thereof)
September 28, 2019

The benefits of a good night’s sleep can’t be overstated – nor the negative consequences of not getting one. The average human being needs seven to nine hours per night of sleep, and while there is no medical benefit to sleeping more than that average,...

Retail
BigBasket Takes On Rivals With Faster Delivery
September 27, 2019

In a move that could help it better contend with Swiggy, Flipkart and Amazon, online grocer BigBasket has merged its two main businesses of planned next-day orders and on-demand 90-minute delivery. The idea is to supply broader product selections to shoppers in under four hours,...

Retail
Retail Pulse: Walmart Provides Health Career Path; Inspire Brands To Buy Jimmy John’s
September 27, 2019

Brick-and-mortar retailers are expanding their efforts to provide customers with health and wellness services while taking steps to train their employees for healthcare roles. Walmart, in one case, is adding healthcare to its Live Better U’s college offering, in an effort to provide associates with a pathway to...

Retail
Retail Vacancies Spike In New York City
September 27, 2019

As New York City’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. The vacancy rate reached a...

Retail
Unilever Says Its Amazon Sales Don’t Add Up To Much
September 27, 2019

Unilever has revealed that its sales on Amazon are only a small piece of its pie since most of its products sold on the website are priced below $10. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...