Retail

Most Recent

  • Sycamore Partners Reportedly Negotiating To Buy JCPenney

    Friday 5th June - 6:51 pm Sycamore Partners Negotiating To Buy JCPenneySycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. The retailer, which employs 85,000 people, filed for Chapter 11 ...
  • Kroger, Ocado To Build Regional High-Tech Fulfillment Centers

    Friday 5th June - 5:40 pm Kroger, Ocado To Build Regional High-Tech Fulfillment CentersThe Kroger Family of Companies, the nation’s largest supermarket chain, and Ocado Supermarket Co., the British online grocer, have announced a joint plan to build three customer fulfillment centers. “Kroger is ...
  • Brooks Brothers Readies For Bankruptcy

    Friday 5th June - 3:23 pm Brooks Brothers Readies For BankruptcyBrooks Brothers is in talks with banks about securing cash for a potential bankruptcy that could come within weeks, as COVID-19 has crushed sales for the 202-year-old retailer, sources told ...
  • Will Summer Camp Be COVID-19’s Latest Casualty?

    Friday 5th June - 12:46 pm Will Summer Camp Be COVID-19’s Latest Casualty?With a very unusual U.S. school year coming to an end, children who have been trapped at home for the past three months (and the parents who have been beside ...
  • New Study Shows Retailers Are Stepping Up For Safety

    Friday 5th June - 11:00 am New Study Shows Retailers Stepping Up For SafetyWith the most recent COVID-19 studies from PYMNTS reinforcing the need for health and safety in the retail world, some retailers are stepping up to accommodate consumers’ concerns. A new survey ...
  • Offline Shopping: Three Categories To Watch

    Friday 5th June - 11:00 am woman wearing face mask clothes shoppingThe numbers are in. The latest in the PYMNTS COVID-19 series that quantifies the effects of the pandemic shows not only a deepening digital shift, but an increasingly sticky one. ...
  • The Pandemic’s Impact On Shopping Habits And Gaming

    Friday 5th June - 11:00 am Pandemic’s Impact On Shopping Habits And GamingMost consumers don’t have any plans of reverting to their pre-pandemic shopping habits, even as portions of the U.S. economy continue to reopen. They are still shopping from their residences and ...
  • Saving Main Street: Running Retailers Take The Baton

    Friday 5th June - 11:00 am Saving Main Street: Running Retailers Take BatonTerry Schalow is the executive director of the Running Industry Association (RIA). In addition to working toward its general mission of moving the sport and hobby forward, the RIA functions ...
  • Gap Inc Q1 eCommerce Sales Rise 13 Pct

    Friday 5th June - 10:49 am Gap Inc.'s Q1 eCommerce Sales Rise 13 PctWith pandemic-related store closures driving a 43 percent year-over-year decline in sales, Gap Inc. reported a 13 percent year-over-year rise in Q1 eCommerce sales and 100 percent year-over-year sales growth ...
  • JCPenney To Shutter 154 Stores, Start Closing Sales

    Friday 5th June - 10:10 am JCPenney To Shutter 154 StoresJCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as well as performance. The retailer ...
  • Whole Paycheck Tracker: Walmart And Amazon Battle Resumes As Retail Embraces ‘The New Normal’

    Friday 5th June - 9:00 am shopper putting on face maskStores are starting to reopen nationwide, and consumers are considering leaving their houses again. The world of retail might not be quite getting back to normal, but people are starting ...
  • Keeping Grocery’s ‘Digital Shifters’ Loyal Post Pandemic

    Friday 5th June - 4:00 am The new coronavirus had an immediate effect on the grocery industry, with many grocers putting safety measures in place to ensure both their employees and customers could interact safely in ...
  • Klarna Hits 7.85M Customers For BNPL Services

    Thursday 4th June - 7:34 pm KlarnaGlobal payment and shipping service Klarna has reached a new milestone with 7.85 million U.S. customers, according to a press release. The company credits the achievement to its multitude of partnerships ...
  • Grab’s Shopping And Delivery App Expands In SE Asia

    Thursday 4th June - 2:51 pm Grab Rolls Out Shopping, Delivery App In SE AsiaGrab’s online grocery shopping delivery service is on its way to grabbing a sizable share of the Southeast Asian market on the heels of an expansion. On Thursday (June 4), Grab ...
  • British Car Sales Plummeted 90 Pct In May

    Thursday 4th June - 2:05 pm British Car Sales Plummeted 90 Pct In MayMay was a devastating month for Great Britain’s auto industry, as sales fell by 90 percent. Aston Martin, the London car manufacturer, and Lookers, a dealership chain in the U.K. and ...