Remove 2004 Remove Marketing Remove Operations Remove Retail
article thumbnail

Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

It’s not enough to be a retailer these days, not if a merchant intends to survive in a world of commerce dominated by the likes of Amazon and other tech-focused competitors. Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. New Efforts.

article thumbnail

American Dream Megamall Announces First Shops To Open In Spring

PYMNTS

The American Dream megamall in New Jersey is preparing to open a round of retail stores after nearly two decades in waiting. Triple Five Group said there will be other retailers opening their doors at the megamall throughout 2020, with a luxury wing called The Collections set to open in September.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Buy To Shutter US Mobile Phone Stores

PYMNTS

Facing high operational costs and changes in the smartphone market, Best Buy plans to shutter its 250 mobile phone stores in the U.S. The stores are not as lucrative as they once were since the smartphone market’s maturation, the Wall Street Journal reported. “We by May 2018.

Mobile 100
article thumbnail

Singapore Enterprise Buys TGI Friday’s; Capgemini Acquires Altran 

PYMNTS

Universal Success operates Outback Steakhouse restaurants in Southeast Asia, including Malaysia, Singapore and the Philippines. Universal Success Enterprises was founded by Prasoon Mukherjee in 2000 and started investing in India in 2004 with the creation of Kolkata West International City, a 377-acre township in Howrah.

Taxes 108
article thumbnail

Uber of X: greenRush is The Uber of Cannabis

PYMNTS

Not until 2004 did cannabis become legal for non-medical use in certain areas of the country. One company that’s looking to capitalize on the cannabis market is startup on-demand delivery company greenRush. Through highly technical SEO expertise and digital marketing, they became the largest player in that space.

Las Vegas 140
article thumbnail

Cashing In On Returns: Marketplaces Reinvent Inventory Liquidation

PYMNTS

Those unwanted products, in turn, can create headaches for retailers — and a business opportunity for the so-called secondary market. Retailer overstocks and excess inventory help to drive B-Stock, which facilitates the sale of some 70 million items each year via online auctions of various product categories and types.

Retail 101
article thumbnail

Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78