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Express Inc. Net Sales Drop 53 Pct Amid Pandemic

PYMNTS

reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 As it took “decisive actions” to maintain liquidity, Express Inc. million in Q1 2020 from $451.3

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Kroger Expands Home Chef Meal Kit Offerings To New Stores

PYMNTS

. “Kroger continues to redefine the customer experience and provide new ways to shop for, prep and cook meals through exciting brick-and-mortar and digital experiences,” Robert Clark , Kroger’s senior vice president of merchandising, said in a press release.

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DSW’s Amazon-Proof Makeover Move

PYMNTS

In an era that has seen physical retail locations — particularly large box stores — suffer from consumers becoming increasingly enamored with the online experience, it was still a bit of a surprise to see shoe retailer DSW log something of a bumpy 2017. The shoe retailer even tried to sell eBuys, but there were no takers.

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Macy’s Bolsters Omnichannel Tech, Taps Into Subscriptions

PYMNTS

The department store retailer bolstered its omnichannel efforts while opening a distribution center for its off-priced business that taps into cloud computing technology; however, it struggled with inventory during the quarter. Omnichannel Experiences.

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Looking back on Money 20/20

Celent Banking

Chase is developing a wallet that will be available to all of its 94 million cardholders to use in-store, in-app and online. Make no mistake – while most “pays” look similar, they offer a different customer experience (e.g. Partnership with MCX gives Chase Pay access to the largest merchants in the country.

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