PYMNTS
JUNE 21, 2019
Airports are providing luxury brands with access to consumers with extra time on their hands who want to buy unique and unusual items they can’t find near their residences. shopping malls are on the decline, are also becoming locations where brands are innovating with products. In Other Brick-and-Mortar News.
PYMNTS
FEBRUARY 19, 2020
eCommerce business president and chief executive officer, said the merchant is dedicated to providing shoppers with an attractive assortment of online goods, and, for that reason, it bought brands such as Bonobos, CNBC reported. It purchased Jet.com in 2016 for $3.3 Marc Lore, who is Walmart’s U.S.
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PYMNTS
JULY 14, 2016
Brick-and-mortar merchants are far from being free from the problems that plague their particular brand of retail, but even they have to look at online retail rising rents for warehouse space with a little bit of mirth. As of Q2 2016, industrial warehouse space declined by 8.8 percent — the lowest such figure since 2001.
PYMNTS
JULY 11, 2018
As of today, the international media titan has announced an investment in True Food Kitchen , a healthy eating startup based out of Houston. The size of Oprah’s equity investment is unknown, but apart from money, she is offering her literal presence – she will be joining the brand’s board and acting as a consultant.
PYMNTS
JANUARY 17, 2020
CVS Health started to test out HealthHUB locations last year in Houston to “overwhelming customer satisfaction” per the announcement. Walgreens and VillageMD said last year that they were collaborating to offer primary care services for adult patients in the Houston, Texas area. The value of receipts at merchants increased 0.3
PYMNTS
MARCH 22, 2016
While this early part of 2016 has been some tough sledding for Nordstrom on the sales and revenue front, The Street in many corners continues to look favorably on the high-end retailer. Through a reasonable long game, Nordstrom has positioned itself as the department store du jour for hot young brands in real world commerce.
PYMNTS
AUGUST 10, 2018
The brand could close between 600 to 1,000 of its 3,000 locations this year, according to some predictions – and is reportedly considering bankruptcy, people familiar with the matter have told Reuters. Steinhoff International Holdings NV, which acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt.
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