In today’s top retail news, Target plans to boost the hourly pay of employees working certain high-traffic hours ahead of the holidays, while Rent the Runway’s initial public offering (IPO) filing reveals recovering subscriber numbers as the pandemic wanes. Also, Best Buy launches a new...
As businesses continue to struggle against supply chain and labor shortages, the growth of PepsiCo’s food and beverage categories has outpaced the market as a whole, even as the brand has raised prices to accommodate these challenges. Get the Full Story Complete the form to...
Best Buy is launching a new nationwide membership program, Totaltech, that offers unlimited technology support, along with access to products that could be hard to come by as the holiday shopping season kicks into full gear. Get the Full Story Complete the form to unlock...
Target said in a blog post on Tuesday (Oct. 5) that it will pay hourly employees in its stores, service centers and supply chain positions — along with some workers in the headquarters and seasonal employees — a $2 hourly bonus for each hour they...
In filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), jewelry and accessory retailer Claire’s joins an exclusive club of companies that are looking to capitalize on the recent retail resurgence despite emerging from bankruptcy less than three years...
When a retailer closes over 200 stores within a nine-month period, it can often mean that things are not going well — sales may be falling or traffic may be dropping, and executives could be looking to cut costs. Get the Full Story Complete the...
The subscription economy is en vogue. 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, PYMNTS Today. By completing this form, you agree to...
In today’s top retail news, Amazon is making it easier for shoppers to give gifts without knowing the recipient’s address, and the months-long semiconductor chip shortage continues to hurt motor vehicle sales. Also, gasoline delivery could be the next service to join the on-demand economy,...
When Dollar Tree last week said it would begin rolling out price points above $1 on more items, executives said it was meant to help the retailer introduce new products and meet more customer needs — which, in today’s reality, means the buck isn’t strong...
