This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Fashion Retailer rue21 Strikes Deal To Retire Debt. Clothing retailer rue21 (r21 Holdings, Inc.) million members.
Vending machine operators have become increasingly attentive to the demand for swift digital payment options, and have benefitted from significant sales growth after enabling cashless payments. households, retailers that enable digital payments while dropping cash are less than convenient. A round the Unattended Retail World.
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
Its client roster includes MGM Resorts, Caesars Resorts, and Hard Rock Hotel and Casino; the Oregon and Pennsylvania state lotteries; Churchill Downs; Golden Nugget online; and DraftKings, FanDuel, William Hill, and Rush Street sports, among others. Going cashless also aids cost-cutting by way of more efficient operations.
Online retailers are warning customers to prepare for delays after a cyberattack caused major disruptions within the shipping industry. Moller-Maersk said Thursday that most of its terminals are now operational, though some terminals are “operating slower than usual or with limited functionality.”
The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Example: Ted Gallagher is vice president and partner at Environmental Hazards Control , a Lancaster, Pennsylvania-based company that disinfects retail locations and other business facilities.
RetailMeNot , the Texas-based company that operates coupon websites, announced “Rebound with RetailMeNot,” a four-day event featuring deals from a variety of popular stores. Census Bureau reported the nation’s retail sales increased 7.5 Retail sales rose by 1 percent in June compared to a year ago.
The news comes as the first Amazon Fresh opened , with the eCommerce retailer providing access to the general public to the Los Angeles store in September. Giant Eagle , the Pennsylvania-based supermarket chain, has debuted its myPerks multi-tiered loyalty program in a community in Ohio. Giant Eagle Unveils Multi-Tier Rewards Program.
Here’s a rule of thumb in brick and mortar retail: Out of stock, out of a sale. In retail, robots are making inroads bit by bit. It was retail that percolated to the top,” he said. If the inventory that customers want isn’t there, or cannot be found, well, they’ll go on to the next store, or click their way through Amazon.
Digitally native brands often test the retail waters with pop-up shops, and, after some offline success, they may expand their concepts with permanent locations. In preparation for the holiday season this year, the retailer has updated its website and also plans to have a larger array of electronics, toys and fashion products.
The Wall Street Journal (WSJ) reports some of the two retailers' recent online advertising looks a lot like segments of the home shopping channel. In China, live online shopping events are an important source of sales for retailers whose brick-and-mortar operations were shuttered due to the pandemic, WSJ reported in July.
There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. It was an amalgamation of numerous challenges, either ignored or wrongly addressed, that has led to the question of relevance plaguing the industry today.
The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney. “We billion into its facilities in Pennsylvania.
A small credit union in western Pennsylvania is making an investment that would strike fear into the hearts to bankers everywhere: core replacement. Washington, Pa.-based
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. said in the announcement about the offering, “Walmart aims to be the market leader in providing retail workers a path to careers in growing fields like healthcare.
But as much as the overall pet industry is experiencing a boom, many individual shops within this niche segment are wrestling with many of the same issues as the broader retail sector faces. But beyond traditional brick-and-mortar pet stores, online retailers continue to do well. A Mixed Breed. The Digital Players Dig In .
In 1910, Albert Roye installed a glass-cutting machine in a small shed behind his home in Susquehanna, Pennsylvania and founded what he dubbed the Susquehanna Glass Factory. After a decade, the business had grown up enough that it moved to a real factory in nearby Columbia, Pennsylvania. At first, no one was happy,” Anders recalls.
Build-A-Bear Workshop Chief Operations Officer Chris Hurt said in the announcement, “Build-A-Bear is working with some of the best family-focused venues in the country this holiday season and beyond to bring our unforgettable Make-Your-Own experience to even more places people go for fun and entertainment.
consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. The importance of fast, secure disbursements might hold a different weight now that players are betting online more often and more readily looking for the speeds they experience with typical retail transactions.
American businesses had more tax minimizing options prior to the ruling, as retailers selling all across the country were taxed on their physical presences. The Massachusetts legislature has proposed a regulation that would obligate remote sellers above a certain sales volume to file, and Pennsylvania has already issued a similar demand.
Century 21 is a “a pioneer in the development of the off-price department store,” according to the announcement, which noted that the retailer is especially geared toward high-end merchandise and “everyday basics” for women, men and children. Century 21 stores announced on Sept.
The upcoming closures will come in addition to 300 Kmart and Sears locations slated to cease operation by the end of 2017, some of which have already shut their doors, USA Today reports. The locations impacted by the announcement span from California to Pennsylvania. Sears Holdings saw its stock price rise 6.42
operates a nationwide chain of casual dining restaurants offering a diverse range of menu items. We are excited to be expanding our delivery options and combining BJ’s extensive menu with the convenience of Grubhub,” said Lon Ledwith, executive vice president of operations at BJ’s Restaurants, Inc. BJ’s Restaurants, Inc.,
In the longer run, the service will grow over the next several months to the grocer’s 570 retail locations throughout California, Illinois, Pennsylvania and Florida. Amazon Fresh, a new physical retail concept from Amazon, is setting up shop in four locations in the Chicago market, the Chicago Tribune reported.
Retailers are aiming to help consumers manage chronic diseases as well as their overall health and wellness through new brick-and-mortar experiences. Through HealthHUBs, consumers are at the center of an unmatched retail health experience. CVS Health, however, is not the only retailer to bolster its health offerings.
Restaurants and retail landlords reported a mixed bag of first-quarter earnings results on Wednesday (May 2), beating analysts’ expectations in some cases and falling short at times. Looking forward to digital and retail transformations, companies such as Yum! The restaurant operator recorded earnings per share of $0.90
Micklin said he hopes the Pennsylvania-based chain will learn from the layout, workflow and traffic flow as the company explores alternatives to its larger store format in the post-COVID-19 era. “We The chain also operates stores in New Jersey, Delaware, Maryland, Virginia and Washington, D.C.
Sources told Bloomberg that the retailer had discussions with lenders and equity holders from its previous bankruptcy filing, including Oaktree Capital Group, with some investors agreeing to rework about $280 million of debt and to provide $55 million of new money to keep the company in business. Canada, U.K.
The latest to do so is Provident Financial , a New Jersey-based bank providing consumer and business banking services in New Jersey and Pennsylvania. The bank’s work with Fundation will expand its small business lending operations, but limit its own exposure to small business lending risk because the loans will be largely held by Fundation.
Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis. For example, a Walmart distribution center in Lehigh Valley, Pennsylvania has been hit by nine COVID-19 infections so far, and workers have complained to local press. “As Therein lies a serious problem.
Japanese speciality merchant Uniqlo is apparently hoping some of that particular magic can rub off on retailers. According to reports, the new Uniqlo will incorporate the retailer’s Japanese origin with displays meant to highlight the cultural traditions. . ” Uniqlo currently operates 43 stores in the United States.
The Midwest continues to perform the best, followed by Pennsylvania. As such, office buildings are still undergoing a net operating income (NOI) reset, with the value of the properties dropping in a corresponding fashion. Retail is the other sector worth noting as it is the opposite of multifamily.
As it works to address the pandemic with testing, CVS Health plans to open over 50 COVID-19 testing sites at designated CVS Pharmacy drive-thru locations throughout Connecticut, Florida, Arizona, Pennsylvania and Massachusetts. CVS Health President and CEO Larry J.
including Paddy Power and Betfair, which operate walk-in betting parlors in shopping districts of many of Britain’s cities and towns,” the newspaper reported. There is a wave of gambling company consolidation in Europe as regulators tighten their grip on wagering operations. elections.”. has added to that pressure.
Because while all kinds of restaurants have taken this opportunity to reconsider their operations and the role digital will play, things like delivery, contactless payments and app-based orders get absolutely no points for creativity at this stage of the game. Really, really inventive.
Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.
The social media giant is currently shuttling team members back and forth from San Francisco, but will soon have a base of operations right in the city’s financial district, Business Insider reports. The Southeastern Pennsylvania Transportation Authority was far from the only one up in arms about the potential stock restructuring.
stores in the King of Prussia Mall and Willow Grove Mall, both in Pennsylvania. Primark has only be operating U.S. Primark, a European clothing dealer, has reported that credit card skimming equipment was found on “a limited number of card payment machines” in two of its U.S.
billion and sending the home furnishing retailer’s stock on an upward swing after the earnings release. The online retailer booked a $108 million net loss — compared with nearly $57 million for the same period last year — and its $0.91 In the Q1, Wayfair revenue hit $1.40 billion, beating analyst expectations of $1.36
According to the FTC, that previous task force “reinvigorated the [FTC]’s hospital merger review program, and also sharpened the agency’s focus on merger enforcement in retail industries, particularly regarding matters involving food, beverages and supermarkets.”. Last year, for instance, the European Union (EU) slapped Google with a $5.1
The latest issue involves eSports – one of the rising trends in digital commerce , and one of the ways through which some mall and brick-and-mortar operators hope to revive those retail properties. As the report notes, officials in Pennsylvania are stepping up their enforcement of tax efforts involving eSports participants.
“Amazon is always looking for the best and brightest software engineers to join our team,” said Dave Glick, VP of operations technology for Amazon. The commitment to education, growth of the local high-tech industry, and caliber of technical talent in Minneapolis make it an ideal place for our expansion.
When PandaLabs compared its version with earlier iterations of PunkeyPOS, some from as far back as 2014, it could see little operational difference between the versions. PandaLabs’ verdict?
In a recent PYMNTS interview , CEO Gabriel Weinberg talked about how his company raised $10 million in fresh capital — only the second funding round for the 10-year-old, Pennsylvania-based operation — and has plans to better promote itself to a global audience, while also offering other privacy protection technology.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content