PYMNTS

OCTOBER 18, 2019

WHSmith has revealed it will acquire Marshall Retail Group (MRG) in an effort to boost its presence in U.S. Founded in 1792, WHSmith has operations in over 100 airports across 30 countries outside the U.K. airports, according to Financial Times. company will buy Las Vegas-based MRG from Brentwood Associates for $400 million.

Groups 101

Groups Retail Las Vegas United States 101

PYMNTS

NOVEMBER 30, 2020

HSBC Group is considering shuttering its U.S. retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S.

Retail 233

Retail United States US Resources 233

PYMNTS

DECEMBER 14, 2020

In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. It is expected that the business will keep operating as a stand-alone brand.

Branding 131

Branding Groups Retail New York 131

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

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. Citycon runs 40 shopping centers throughout Estonia and the Nordic nations, Bloomberg reported.

Operations 159

Operations Philadelphia United States Online 159

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 move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales.

Groups 139

Groups Company Indianapolis Exercises 139

PYMNTS

MARCH 2, 2020

His TCC Group has put in a bid for the Tesco’s assets, with funding already in place in the event that the bid is successful, The Wall Street Journal reported, citing unnamed sources. Central Group and CP All PCL, the other two conglomerates in Thailand, have also reportedly put forward bids. To purchase the Asian assets of U.K.

Groups 188

Groups National Operations Resources 188

BankInovation

APRIL 24, 2024

Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology. Cost management remains a core discipline for us as a group,” Chief Financial Officer William Chalmers said during the bank’s earnings call today.

Operations 79

Operations Groups US Management 79

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

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. million in 2019, then cut a deal to bring the name back at Saks. “The

Retail 246

Retail Los Angeles New York Branding 246

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. Earlier this month, Flipkart Group announced it had raised $1.2

Retail 130

Retail Leadership Groups Operations 130

PYMNTS

FEBRUARY 1, 2021

You’d be forgiven if the tug of war between hedge funds and retail investors – and the soaring and swooning over GameStop and Dogecoin – would be top of mind in anticipation of a bubble taking shape that will, at some point, see either deflation or a pop. Funds that have expertise in both companies operating in Asia and how U.S.

Groups 248

Groups Florida Retail Capital 248

PYMNTS

JULY 8, 2020

The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon Ann Taylor was reported to be preparing for a Chapter 11 filing. The filing in Delaware allows the retailer to stay open while it crafts a plan to emerge from Chapter 11.

Retail 156

Retail Fort Worth Delaware Groups 156

PYMNTS

MARCH 19, 2020

In a letter to the BoE this week, the British Retail Consortium (BRC) wrote that the vast majority of U.K. The BRC pointed out that the absence of a credit rating doesn’t mean a business isn’t doing well as most businesses either use bank facilities or operate on a net cash basis.

Retail 130

Retail Groups Operations Meeting 130

PYMNTS

JULY 16, 2020

The gloves are off in the retail landlord leasing battle, with Simon Property Group now suing mall tenants who aren’t paying their rent. On Tuesday (July 14), the country’s biggest retail real estate investment trust filed a lawsuit against Eddie Bauer for $6.2 Other retail real estate analysts are a bit more optimistic.

Groups 151

Groups Retail Comparison Survey 151

PYMNTS

JUNE 24, 2020

The retailer, along with Harbin Pharmaceutical Group Holding Co., Additionally, the retailer has secured roughly $130 million in further liquidity. GNC foresees that it will speed up the shuttering of at least 800 to 1,200 retail locations. At that time, improved bids can be brought forward.

Retail 186

Retail Strategy Branding Security 186

PYMNTS

FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. companies with operations in Shanghai on Feb. Every retailer has what’s known as an ‘All Hazard Plan.’

Retail 188

Retail Apple Operations Report 188

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 Other investors include Blackrock Institutional Trust and Vanguard Group. 11) press release. . “The 11) press release. . Cardtronics’ biggest backer — Hudson Executive — owns a 19.44

ATM 172

ATM Operations Houston Georgia 172

PYMNTS

JULY 20, 2018

The situation seemed to recently come to a head, as the company told employees that it was shuttering its operations. In addition, Chef’d announced in May that it had partnered with Byte Foods to bring its meal kits into 100 of Byte’s unattended retail locations in California. In Other Brick-And-Mortar Retail News….

Operations 100

Operations Retail Branding New York 100

PYMNTS

DECEMBER 28, 2020

In today’s top retail news, FedEx Corp. 28) that it closed its acquisition of ShopRunner, which will operate as a part of a new group inside of FedEx Services named FedEx Dataworks. 28) that it closed its acquisition of ShopRunner, which will operate as a part of a new group inside of FedEx Services named FedEx Dataworks.

Tampa 188

Tampa Retail Florida Branding 188

PYMNTS

AUGUST 30, 2020

India's retail competition between Walmart ’s Flipkart , Amazon and Reliance Retail Ventures is expected to intensify. 29) that it plans to buy Future Group ’s retail divisions for 247 billion rupees ($3.4 Following the purchase, Future Group’s retail and wholesale businesses will be merged with Reliance.

Retail 140

Retail Groups Marketing US 140

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

DECEMBER 4, 2020

The hot new thing in “Big Retail” is offering in-house advertising on your website to your vendors – because why get paid only once on a purchase if you can get paid twice? In short, retailers get paid to place the ad, and then get paid again when the merchandise is sold.

Retail 216

Retail Trends Branding Groups 216

PYMNTS

SEPTEMBER 1, 2020

In retail, Walmart has officially joined Microsoft in a bid for TikTok, as it bets on youth as well as ad revenue. And Reliance Industries has purchased Future Group ’s retail shops as well as the Big Bazaar supermarket company, as it fires a shot against Amazon in a battle for India.

Retail 136

Retail Payments Data Groups 136

PYMNTS

MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169

Retail US Survey Examples 169

PYMNTS

DECEMBER 7, 2020

high street, Frasers Group said it is in talks to purchase the Debenhams department store company from administrators, The Irish Times reported. Last week, administrators for the department store chain said it would be wound down, and that all locations would be shuttered following 242 years in operation.

Groups 141

Groups Maine Operations Branding 141

PYMNTS

JUNE 10, 2020

based The Restaurant Group , which serves up casual dining, reportedly plans to close 125 locations. According to the Financial Times , The Restaurant Group will use a “company voluntary arrangement” — which allows businesses to renegotiate debts with creditors. All told, the group could be left with 160 locations.

Groups 131

Groups Massachusetts Boston Operations 131

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

JULY 8, 2020

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. Retail Properties of America, Inc. It, along with Authentic Brands Group owns SPARC Group.

Retail 150

Retail New York City Branding Groups 150

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

MAY 8, 2020

As they navigate the coronavirus pandemic and begin to reopen stores, large retailers are putting safety measures into place to keep shoppers and staff members safe — and get customers confidently back into stores. Trade groups are also providing guidance to help retailers open their doors again.

Retail 173

Retail National United States Groups 173

PYMNTS

JANUARY 28, 2021

Neiman Marcus Group (NMG) is making investments in its supply chain, technology, merchandising and personnel, which it says will transform the shopper experience at Bergdorf Goodman and Neiman Marcus, according to an announcement. NMG is investing $85 million gross in its supply chain, particularly systems and fulfillment hubs.

Groups 141

Groups Branding System Retail 141

PYMNTS

JANUARY 12, 2021

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. KPIX-TV reported that the shop proudly advertised on Facebook Marketplace that customers “never pay retail.”.

Retail 226

Retail Florida San Francisco Sacramento 226

PYMNTS

DECEMBER 26, 2019

Top-tier malls in the country, once thought to be impervious to the changing retail landscape, have been struggling lately, according to a report by The Wall Street Journal. Simon Property Group is the owner of Phipps Plaza in Atlanta and King of Prussia mall in Pennsylvania. a share, from an earlier range of $7.04

Retail 132

Retail Los Angeles New Jersey Pennsylvania 132

PYMNTS

APRIL 27, 2020

The pressure on cash-strapped retailers is intense and potentially consequential. At stake are the early returns on some issues that will determine the nature of consumer behavior and spending patterns, which are the lifeblood of retail for any season. Larger retailers may need to look at reformatting as a reinvention strategy.

Retail 193

Retail Strategy Survey Online 193

PYMNTS

SEPTEMBER 11, 2019

Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. Location-based virtual reality (VR) startup The Void is partnering with mall operator Unibail-Rodamco-Westfield (URW) to open 25 new entertainment outposts in the U.S. and Europe by 2022.

Retail 192

Retail San Diego San Francisco Branding 192

PYMNTS

NOVEMBER 19, 2020

Dutch retailer Ahold Delhaize — owner of grocery behemoths Giant and Stop & Shop — has acquired a majority stake in supermarket delivery startup FreshDirect amid an online shopping surge propelled by COVID-19. “We Delhaize, founded in 2016 from a merger of Ahold and Delhaize Group, is among the biggest supermarket operators in the U.S.

Retail 153

Retail New York City New York Operations 153