During the pandemic, many fled the city to live the suburban life. Today, urban commercial real estate companies are struggling to fill their spaces with enticing retailers that will encourage consumer foot traffic. Some, however, are willing to make bold bets by bucking the eCommerce...
Seven years after their valuations peaked, America’s malls are on the ropes. As The Wall Street Journal (WSJ) reported Monday (July 31), the country’s older and lower-end malls have seen their values plummet by more than 70% in some cases, with many defaulting on their debts. It’s...
In March 2023, Arthur Stark, the former president of Bed Bath & Beyond (BBBY), discussed the company’s revival of its coupon strategy called the “big blue” approach. The tactic involved sending 20% discount coupons to millions of households and was an iconic part of the Bed Bath...
Earlier this month, Chinese fast-fashion brand Temu sued rival Shein, accusing it of “intimidation.” That suit followed an earlier one filed in federal court in March in which Shein accused Temu of copyright and trade violations. But behind these court battles, The Wall Street Journal (WSJ) reported Sunday...
After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline. For years, luxury retailers enjoyed a post-pandemic boom thanks to shoppers in China and the U.S. But as the Financial Times (FT) reported Sunday (July 30), there are indications the sector has...
Crocs is in the business of collaborations. It’s a skill many can learn from, as the footwear company reported $1.07 billion in revenue on Thursday (July 27). The skill has been noted by PYMNTS in the past, as it serves as a valuable lesson for others who...
Victoria’s Secret will present a “re-imagined fashion show” on Amazon’s Prime Video. “The Victoria’s Secret World Tour” will be available to stream on Sept. 26, and a tour-inspired collection will be available for sale following the show’s release, the apparel brand said in a Thursday (July 27) press...
Amazon Prime Days and Walmart+ Week showed high participation this year. Consumers engaged more when they saw better bargains during the world’s top two retailers’ deal days. Data finds that customers who participated in July’s sales events were primarily motivated by the deals and savings...
GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer. CFO Diana Saadeh-Jajeh will resign from her role on Aug. 11, GameStop said in a Thursday (July 27) press release. Saadeh-Jajeh told GameStop of her intention to resign on July...
