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Virtual Reality Gains Traction In Retail

PYMNTS

Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. Location-based virtual reality (VR) startup The Void is partnering with mall operator Unibail-Rodamco-Westfield (URW) to open 25 new entertainment outposts in the U.S. and Europe by 2022.

Retail 192
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Petco’s $864 Million IPO Beats Forecasts 

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The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. This IPO marks Petco’s third foray into the public markets following filings in 1994 and 2000. Petco raised $864 million in an initial public offering (IPO) scheduled to start trading on Thursday (Jan.

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PriceSmart Net Merchandise Sales Rise 7.7 Pct

PYMNTS

Warehouse club retailer PriceSmart, Inc. reported as part of its Q1 fiscal 2021 operating results that net merchandise sales climbed 7.7 In November, mobility restrictions were reduced in many of our markets. In November, mobility restrictions were reduced in many of our markets. percent to $838.4 million from $778.7

San Diego 131
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LendingPoint Unveils Retail Financing Platform

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To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement.

Retail 100
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7-Eleven Launches Beer Delivery In Select US Markets

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Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” Customers can place their beer orders via the 7Now app.

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UPS Looks To Drones To Speed Up Delivery

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The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney. “We billion into its facilities in Pennsylvania.

San Diego 182
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Fabletics Announces Brick-and-Mortar Expansion

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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.

San Diego 190