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Discount Retailers Move Away From eCommerce

PYMNTS

If it weren’t for a certain pandemic that is dominating most news, the two biggest stories in retail over the past week would have been stunning at any other time. Burlington has also been rewarded by Wall Street, with its stock nearly doubling over the past year before the recent massive sell-off in the market driven by coronavirus fears.

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. A data team from the eCommerce retailer determines what is sold at the locations, Amazon Physical Stores Director Drew Sheriff told MetroWest Daily News.

Retail 109
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Risk-Aware Marketing to Personalize Telco Customer Engagement

FICO

Risk-Aware Marketing to Personalize Telco Customer Engagement. Innovators are shoring up their market share by opting for cloud-hosted platform technology more typically favoured by banks. Here's how technology from the banking space can help telcos compete with aggressively competitive sales and retention tactics. FICO Admin.

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Mall Vacancies At Highest Level In Eight Years

PYMNTS

Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. Reis data indicates that the proportion of units sitting empty in some cities – with the inclusion of Birmingham, Alabama and Indianapolis, Indiana – is roughly four times higher than San Francisco, the Financial Times reported.

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Fabletics Announces Brick-and-Mortar Expansion

PYMNTS

Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.

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Kroger Teams With ClusterTruck To Serve Up ‘Ghost Kitchens’

PYMNTS

is launching two “ghost kitchens” in its stores in partnership with Indianapolis-based ClusterTruck , which operates delivery-only restaurants. The operation will deliver restaurant-quality food from a menu of 80 meals. an Illinois-based foodservice distributor, announced its plans to help restaurant operators launch ghost kitchens.

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Walmart To Lay Off 1K Employees At Its Headquarters

PYMNTS

Bloomberg reported news that between 400 and 500 jobs were cut this week in marketing, human resources, merchandising, real estate and other departments. We’ve been looking at our structure for some time as we explore ways to operate more effectively,” the company said in an emailed statement. Those efforts continue.

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