The head of a Southwestern-U.S. theater chain that has closed all its locations and reduced its employee headcount to five from 1,250 due to COVID-19 told CNBC’s “Squawk on the Street” Wednesday (Dec. 30) that he expects the long-term effect of the virus will be...
This year will not only go down in history as “the year of the pandemic,” but for consumer packaged goods brands, it will also be known as “the year of direct to consumer.” Big brands like Nike and Pepsi jumped into D2C sales in a...
Changing styles in fashion are nothing new. But the style changes on display in 2020 are quite a bit different than previous years. Consumers are staying at home and as a result paying a lot less attention to their personal style. Mastercard’s holiday spend data effectively sums...
The week leading up to Christmas broke records in the restaurant industry this year, but not in a good way. For the week that ended Dec. 20, eating establishments posted the worst sales and foot traffic since mid-June, CNBC reported on Wednesday (Dec. 30). Restaurant...
There’s no arguing the fact that Amazon has been a lifeline for small businesses this year. During the extended holiday season, the eCommerce giant says its independent sellers saw their sales grow more than 50 percent over 2019. And while the eCommerce champion said it...
The Walmart Media Group is looking to take on Amazon’s advertising division by touting what the retail giant can do for online sellers. Walmart Media Group said it has increased “net new advertisers by more than 40 percent this year while delivering measurable improved Return on Ad...
Consumers, as PYMNTS data has repeatedly shown are hesitant to set foot in stores out of concern of exposing themselves and their loved ones to COVID-19. But people still have to eat, purchase shoes, replenish their wardrobes and purchase other physical goods – and sometimes need...
In today’s top retail news, VF Corporation has closed on its acquisition of international streetwear brand Supreme, while Returnly reported a dramatic rise in returns on Dec. 26 compared to an average return day in the United States. Plus, Amazon is reporting a record-breaking holiday...
Now that the holiday shopping season is over and the returns season has begun, the department store doomsayers are back. With Mastercard’s holiday spending report released Monday (Dec. 28), the numbers for the sector stand in stark contrast to the rest of the retail industry....
