Tag: news

January 27, 2020

Cashless retail stores are now officially banned in New York City in a dramatic shift away from digital payments. New York’s city council approved new legislation almost unanimously last week which will see any retailer which doesn’t accept physical currency […]

January 24, 2020

Amazon has become the first ever company to see its brand valuation top $200 billion, cementing its place as the world’s most valuable brand for the third year running. The ecommerce giant’s brand valuation jumped 17.5 per cent to a […]

January 23, 2020

Retail drone deliveries are facing a major setback in the US as key legislation enabling companies to deliver parcels is opposed by powerful groups. The Federal Aviation Administration (FAA) has proposed new rules which would force all drones to be […]

January 21, 2020

Mobile phone payments are now more secure than traditional bank cards thanks to features like facial and fingerprint recognition technology. According to payment provider myPOS’ founder Christo Georgiev services like Apple Pay and Google Pay are “even more secure than […]

January 20, 2020

Amazon is working with Visa to develop a “non-contact biometric identification system” enabling customers to pay by waving their hands through a scanner, confirming rumours which emerged earlier this month. Payments giant Visa is understood to be helping Amazon test […]

January 13, 2020

Amazon has “terminated” a number of employees who were found to have sold customer data to third party sources. The online retailer informed a number of customers via an email, seen by TechCrunch, that their data including email addresses and […]

November 5, 2018

New CEO Marvin Ellison, who arrived in May from J.C. Penney, appears to be taking charge at Lowe’s by shaking up his leadership team at a time when competition is heating up with rival The Home Depot. Lowe’s in August […]

March 19, 2018

If you have to file for bankruptcy, the way Claire’s did it represents the best possible chance for success. The retailer has reportedly been negotiating with its lenders for weeks about a Chapter 11 plan that would give lenders ownership […]

January 23, 2018

In 2018, brick and mortar retailers have to rebalance their split focus between bricks and online. While it continues to be critical to improve online resources, after years of incredible hype about “it’s all about online” we now know that’s […]

January 19, 2018

Sears said in January it was committed to becoming profitable again this year. Its road toward black ink, however, still looks long and uncertain. For one, it had an alarmingly terrible holiday sales season. The retailer said in January that […]