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Retailers Expect 26 Pct. Spike On National Returns Day

PYMNTS

As online shopping powers a forecasted 26 percent year-over-year volume surge on National Returns Day, the United Parcel Service (UPS) foresees shipping 1.9 2 is the day with the most activity for holiday returns in the United States, CNBC reported. According to prior reports, Deloitte foresees that approximately $1.1

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Retailers Add Adaptive Apparel To Their Brand Offerings

PYMNTS

To make the clothing industry more inclusive of children with disabilities, major fashion brands are debuting adaptive clothing lines. Tommy Hilfiger, Target and Zappos have all launched these types of lines in recent years, while Kohl’s is the latest retailer to do so, CNBC reported.

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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Like this one.

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Today In Retail: FedEx Concludes ShopRunner Acquisition; Save A Lot Sells 51 Stores To Fresh Encounter

PYMNTS

In today’s top retail news, FedEx Corp. Plus, PYMNTS looks back on direct-to-consumer (D2C) brands, which came in two flavors in 2020. The service connects more than 100 brands and retailers to shoppers. Save A Lot Sells 51 Retail Locations To Fresh Encounter. Retail 2020: Looking Back On D2C Brands.

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Yum! Brands To Hold Back Rent In South Africa

PYMNTS

Brands Inc. , The policy relates to the just under 50 stores owned by the company in the most industrialized nation in Africa, while the other restaurants on the continent are franchisee-operated Bloomberg reported. South African attire retailer The Foschini Group Ltd. Wheatley and Yum!

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Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping

PYMNTS

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. Participating Gap brands include Old Navy, Gap, Banana Republic, and Athleta. . “By Last month, AfterPay partnered with Simon Mall in a national collaboration.

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Report: Sycamore Partners Seeks To Buy JCPenney For $1.75B

PYMNTS

billion and intends to combine the iconic retailer with the Belk department store chain, the New York Post reported, citing an unnamed source. The private equity firm, which is the owner of Belk, Staples, The Limited and Talbots, seems set to be victorious in the auction to purchase JCPenney, the newspaper reported.

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