PYMNTS

FEBRUARY 11, 2020

As Chinese companies and American companies doing business in China grapple with quarantines and proliferation the disease, U.S. retailers are concerned about a supply chain problem. companies with operations in Shanghai on Feb. Sixty percent of those companies are planning a work-from-home policy for their staff.

Retail 188

Retail Apple Operations Report 188

PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. The automotive market is surging during the pandemic, and companies like Carvana are reaping the benefits. The company reported a stellar third quarter as used cars and contactless delivery are driving the market. SA Company Takes The COVID Pivot Outside — Literally.

Company 131

Company Retail Boston Capital 131

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. These are companies like Adore Me (lingerie), Green Goo (personal care), Shift (used cars) and Misfits Market (produce). Take a look at how they operated before the pandemic.

Retail 295

Retail Branding Minneapolis Trends 295

PYMNTS

NOVEMBER 16, 2020

Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. Tentatively called Rakuten DX, the new unit will launch schemes for digital transformation at retailers’ physical shops, Rakuten said in a statement on Monday (Nov.

Retail 217

Retail Tools Online Meeting 217

PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.

Retail 230

Retail Cards Payments New York 230

PYMNTS

JUNE 24, 2020

Vitamin store chain GNC Holdings filed a “prepackaged” Chapter 11 bankruptcy plan, saying it has an offer to sell the company for $760 million and has backing from some 90 percent of its creditors, according to a statement. The retailer, along with Harbin Pharmaceutical Group Holding Co.,

Retail 186

Retail Strategy Branding Security 186

PYMNTS

NOVEMBER 5, 2020

This in a week that has seen news reports that the world’s largest retailer has terminated its contract — and a 3-year-old automated shelf-stocking experiment — with San Francisco’s Bossa Nova Robotics , having found that existing “human” employees were able to do the same work just as well. The COVID Effect. Not Just Walmart.

Retail 272

Retail Trends Technology Operations 272

PYMNTS

JULY 20, 2018

It’s notoriously difficult to find the right recipe for a meal kit business, and meal kit provider Chef’d has struggled: The startup, which was valued at about $160 million last year, reportedly burned through its cash from venture capitalists and food companies. In Other Brick-And-Mortar Retail News….

Operations 100

Operations Retail Branding New York 100

PYMNTS

JANUARY 20, 2021

Google Cloud is rolling out Product Discovery Solutions for Retail, a new suite of services that will use artificial intelligence (AI) and machine learning (ML) to help eCommerce firms deliver personalized consumer experiences during a shopping journey’s initial phase. "As

Google 208

Google Retail social media Online 208

PYMNTS

SEPTEMBER 17, 2020

To enable customers to shop from the complete selection of multiple mall offerings and retrieve their purchases from one place, European mall operator Citycon is creating a buy-online-pick-up-in-store (BOPIS) service. Lazada, a company owned by Alibaba, is spearheading the platform to bring shopping centers into a digital place.

Operations 159

Operations Philadelphia United States Online 159

PYMNTS

DECEMBER 28, 2020

Sage , which works in cloud business management, is working with digital operations platform Brightpearl on helping retailers utilize the cloud for their operations, a press release says. Sage Chief Operations Officer Lee Perkins said the move would be good as businesses started to recover from the impact of the pandemic. “As

Retail 177

Retail Operations Customer Experience Online 177

PYMNTS

AUGUST 31, 2020

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Whole Foods has 497 stores. billion consumers. “At

Retail 263

Retail Online Groups Industry 263

PYMNTS

JUNE 8, 2018

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. It also emerged with a $100 million revolving line of credit from Wells Fargo.

Operations 100

Operations Company California Branding 100

PYMNTS

APRIL 9, 2020

said it plans to put many of its retail staffers on leave. The company said the temporary furlough is effective on April 19. All furloughed staffers who are in company benefit plans will stay enrolled, according to an announcement. . The retailer noted that customers can continue shopping through its website or app.

Retail 225

Retail Company Operations Industry 225

PYMNTS

JUNE 8, 2020

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. Most of the roughly 2,800 retail locations of Ascena are still shuttered.

Groups 179

Groups Retail Dallas United States 179

PYMNTS

JANUARY 21, 2021

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1 , Barneys New York and others are coming back – at least in some fashion. The company turns once-struggling brands around by running them lean and mean on the internet.

Retail 246

Retail Los Angeles New York Branding 246

PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. “The Federal Reserve is experiencing a significant coin shortage that is impacting our store operations and ability to provide change,” the company wrote on Twitter.

Retail 290

Retail US Cards United States 290

PYMNTS

JUNE 26, 2020

McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. He said companies will have to incorporate many of the lessons of the past few months into their next iteration of online offerings. One issue is how to finance a pivot, a challenge the luggage company faced.

Retail 318

Retail Online Capital ATM 318

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. We’re not a data company.

Community 269

Community Retail Strategy National 269

PYMNTS

DECEMBER 28, 2020

In today’s top retail news, FedEx Corp. concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. The service connects more than 100 brands and retailers to shoppers. Retail 2020: Looking Back On D2C Brands.

Tampa 188

Tampa Retail Florida Branding 188

PYMNTS

JANUARY 27, 2020

Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. Larger Trends.

Retail 264

Retail New York Dallas Trends 264

PYMNTS

JANUARY 11, 2021

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 According to a filing with the Securities and Exchange Commission (SEC), Cardtronics CEO Ed West said selling the company will help it move beyond helping ATM users withdraw cash.

ATM 172

ATM Operations Houston Georgia 172

PYMNTS

AUGUST 7, 2020

For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week that the Hot 100 Retailers, while vulnerable to mergers and acquisitions, as a group is more stable than the Top 100 Retailers ranking, as stores are impacted by the unpredictability of COVID-19.

Retail 144

Retail Groups Washington National 144

PYMNTS

AUGUST 7, 2020

Retail Properties of America ( RPAI ), which owns and operates 102 multi-retail sites, showed a net income drop from $44.4 On its earnings call, the company cited positive momentum and urged a patient approach to its business. “We One of the largest real estate investment trusts in the U.S. percent of second quarter rent.

Retail 184

Retail America Operations Examples 184

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

NOVEMBER 9, 2020

Now there are signals that a physical retail rebound is forming up. presidential election in the rearview mirror and 2021 right around the corner, a new shift is underway: the slow but certain move back to shopping inside retail stores — an experience that people still crave for the experiential joy it brings. With the U.S.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

MAY 21, 2020

Now, Amazon is taking steps to get operations back on an even keel, according to The Wall Street Journal. The company is set to reschedule its Prime Day for the fall, and plans to resume unlimited shipments of nonessential goods to warehouses. The company also moved to hire 100,000 new employees, and then another 75,000 in April.

Operations 228

Operations Seattle Online Company 228

PYMNTS

AUGUST 10, 2020

Commercial landlords were greeted with some good news in July as rent collections for retail properties increased by double digits compared to May and June, GlobeSt.com reported. A survey by Datex Property Solutions, the California-based real estate portfolio management company, revealed that retail rent collections were 68.8

Retail 195

Retail Survey California Operations 195

PYMNTS

JULY 23, 2020

Walmart is selling its 28 stores and eCommerce operations in India to Flipkart Group , the online marketplace it controls. The stores operate like warehouse clubs, serving independent retailers and other small businesses. However, the two companies are facing some regulatory obstacles. The global trend is that giant U.S.-based

Retail 130

Retail Leadership Groups Operations 130

PYMNTS

MAY 4, 2020

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard’s European businesses cater to more than 950 million people via business partnerships with retailers, financial institutions (FIs) and other companies.

Operations 141

Operations Regulation Regional Retail 141

PYMNTS

AUGUST 13, 2020

Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. In July, Ascena Retail Group, Inc.

Retail 146

Retail Jacksonville Virginia United States 146

PYMNTS

JANUARY 14, 2021

In today’s top retail news, Ethan Allen Interiors anticipates reporting retail segment written orders growth of 44.9 percent from the prior year for the company’s second quarter, while Christopher & Banks Corporation has voluntarily filed for Chapter 11 bankruptcy. Pct Retail Written Orders Growth.

Retail 142

Retail New Jersey Minnesota United States 142

PYMNTS

MAY 5, 2020

Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. percent of consumers shop for retail goods online more often than they did on March 6, the first day of our study, and that continues to climb — up 10.5 percent from 35.5

Florida 205

Florida Retail Tampa Customer Experience 205

PYMNTS

MARCH 31, 2020

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. And Amazon and 7-Eleven aren’t alone.

Retail 140

Retail Texas Illinois Seattle 140

PYMNTS

FEBRUARY 1, 2021

Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” The company added, in a press release , that it has filed for an initial public offering (IPO) with the goal of raising $300 million for the new entity.

Groups 139

Groups Company Indianapolis Exercises 139

PYMNTS

SEPTEMBER 16, 2020

And in retail, companies in the organic mattress space are running on a tri-brid business model that covers direct to consumer (D2C), third-party retail distribution and owned retail locations. Data: 18 : Number of brick-and-mortar mattress stores operated by Naturepedic. All, Today in Data. 77%: Share of U.S.

Retail 141

Retail Innovation Data Cards 141

PYMNTS

JULY 19, 2019

Iconic brick-and-mortar retailers are sometimes reinvented, and return to the world of retail with smaller-format concepts. Tru Kids has entered into a joint venture with the software-powered experiential retailer b8ta to offer a new store experience with curated toys in “highly immersive, smaller-format spaces.”.

Retail 150

Retail US New York United States 150