article thumbnail

Amazon Surpasses Google, Apple As Most Valuable Brand

PYMNTS

Amazon is officially the world’s most valuable brand, valued at $315.5 The rankings were released on Tuesday (June 11) and come via the BrandZ Top 100 Most Valuable Global Brand ranking 2019, which is put together by the WPP research agency Kantar. Other brands in the top 10 were McDonald’s, Visa and AT&T.

Branding 139
article thumbnail

Department Store Closures Expected To Tick Up As Brands Try To Recapture Revenue

PYMNTS

Those closures are not exactly evenly spaced — Sears is looking at 300 locations (43 percent of its stores) — to put it back on track to be earning per square foot what it was bringing in in 2006. Department store sales average $165 per square foot in 2015, a 24 percent drop over 2006. Sears is not alone.

Branding 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

Teen Spending Plummets To A 20-Year Low

PYMNTS

Annual spending by teens peaked in 2006 at $3,023, the survey said. Spending on purses and bags peaked in the spring of 2006, as teens said they spent $197 annually on the category, the survey said. When they do shop for makeup, 91 percent of female teens prefer to do so in a store rather than online. 19 and Sept.

Survey 255
article thumbnail

Cloud Software Co. Mirakl Raises $300M

PYMNTS

Mirakl provides online marketplace software to manufacturers, wholesalers and retailers, including Kroger Co., Last spring, Nussenbaum told PYMNTS that the company was bringing back-end marketplace services, including merchandising and fulfillment tasks, to retailers and brands in a variety of retail niches. according to its website.

Software 220
article thumbnail

Bumble Plans To Go Public On The Nasdaq

PYMNTS

has the potential to become a preeminent global women’s brand that will continue to support our communities on their relationship journeys on and off our platforms. Currently, Bumble runs the Bumble app, which was introduced in 2014, and the Badoo app, which was introduced in 2006. Relationships app Bumble Inc. We believe Bumble Inc.

article thumbnail

Slimmed-Down Albertsons IPO Raises $800M

PYMNTS

Albertsons’ IPO is the culmination of a saga that began in 2006 when private equity firm Cerberus Capital Management took a major position, with plans to grow the chain into one of North America’s gargantuan power grocers. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

Idaho 224
article thumbnail

Mastercard’s Sadove Says The Resilient Consumer Saved Holiday 2020

PYMNTS

He came from the brand marketing side of the house at Clairol to the retail side and became CEO of Saks Fifth Avenue from 2006 to 2013. percent overall and 31 percent online. percent online. And now, because everything is ubiquitous in terms of online, it's awful hard to compete.

Retail 180