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Today In Retail: Bed Bath & Beyond Inc. Enters Deal To Sell Cost Plus; Authentic Brands Might Buy Arcadia Group and Debenhams

PYMNTS

In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. It is expected that the business will keep operating as a stand-alone brand.

Branding 131
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Cooler Screens Brings New Look To Retail Innovation

PYMNTS

“We are essentially taking glass doors that were probably underutilized and not asking the retailer for any additional physical space.”. From a business standpoint, we believe that things like sales lift are obviously a really important metric,” Dravenstott said, “and you don't hear that much in brick and mortar retail.

Retail 277
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BankBazaar’s Co-Brand Model Powers FY23 Revenue Up 60% to Rs.160 Cr

BankBazaar

National, March 30, 2023: BankBazaar.com , India’s leading fintech co-branded Credit Card platform and online provider of free Credit Scores, closed FY23 with net revenue of ₹160 crore. India’s retail credit outlook continues to look strong and was up by 20.4% Y-o-Y in January, according to RBI data.

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Capital One Misses On Q4 Revenue As Card Loans Increase

PYMNTS

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. billion, a jump Capital One said was mainly due to a 65 percent increase in marketing expenses. Capital One takes over for Synchrony Financial , which had a nearly 20-year relationship with the retail chain.

Capital 156
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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

Pet retail is having a moment, with innovation and other efforts helping merchants better reach owners of dogs, cats and other household animals. Pawscout, as it turns out, just launched its $20 pet tags in Walmart — and is selling the product via other retailers, Chavez told PYMNTS. physical retail landscape. Pet Medicine.

Retail 122
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Retail Pulse: CVS, UPS Test Drone Potential; Birchbox Grows Walgreens Partnership

PYMNTS

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. From Walgreens to CVS, pharmacy retailers are collaborating with logistics firms to bring merchandise to their customers — as drones move the needle toward the future of delivery.

Retail 101
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Is Dollar Retail The Future Of Online Impulse Buys?

PYMNTS

If brick-and-mortar merchants can claim anything sacred from the total encroachment of online retail on its turf, it’s the highest echelon of uber-luxurious commerce. The first pieces of evidence come from recent earnings reports from two of the biggest tentpoles in the dollar retail category: Dollar General and Dollar Tree.

Online 100