While the growing popularity of e-commerce has benefited many people, it’s also put businesses at an increased risk of falling victim to cybercriminals. Unfortunately, it’s not just the businesses that are under threat but the customers that patronize them, as well. Therefore, it’s your job as a business owner to ensure your online store security…
Ralph Lauren has opened a concept store in Miami that will accept cryptocurrency payments through a partnership with BitPay, according to a tweet. Marking the first time Ralph Lauren will accept crypto as payment, the store will accept cryptocurrencies including bitcoin, Ethereum, polygon and dogecoin. Products available include the Men’s Purple and Women’s Collection luxury…
Bed Bath & Beyond has submitted a securities filing stating that it is seeking shareholder approval for a reverse stock split at a May 9 special meeting. The move would enable it to raise up to $300 million in equity from a stock offering announced last week, which could help the retailer stave off bankruptcy….
American Eagle Outfitters (AEO) plans to implement a new RFID and computer vision-based store inventory tracking system from Radar at approximately 500 stores across the U.S. over the next year. The new system will enable store associates to know what product is in-store and where so they can more easily and efficiently serve customers, replenish…
The future is looking increasingly electric, with both Amazon and Walmart announcing major investments in their electric vehicle (EV) infrastructure. As part of the White House’s new EV Acceleration Challenge, Amazon has announced an expansion in its efforts to electrify its fleet of delivery vehicles, while Walmart said it plans to have its own fast-charging…
The National Retail Federation (NRF) and the Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) are teaming up to improve retail cybersecurity. The two industry-leading organizations will be combining their efforts in intelligence and threat monitoring. The goals of this partnership, announced in January 2023, include enhancing access to cybersecurity news, guidance, education and…
With home prices falling in many areas, demand for various items sought after at stores is slowing. There are many ways to improve your sales performance, but running a sale isn’t the best. It is often the worst as your best-sellers run out, and you must return to the vendor and pay more to restock.
Rite Aid has partnered with Afterpay to offer buy now, pay later (BNPL) services for its customers at more than 2,000 locations. The pharmacy joins other recent Afterpay partners, including Boden, Fresh, Lulu and Georgia, Quince, Swarovski and Wolverine Worldwide in launching or expanding payment over time choices. “Expanding our partnership with Afterpay allows more…
Just in time for Earth Day, Ikea is broadening the reach of its As-is resale offering by bringing it online. Ikea Family members can now browse the selection of gently used products at their local store and reserve items for in-store purchase and pickup. While the As-is section has long been an Ikea mainstay, it…
Authentic Brands Group (ABG) has made a binding offer to purchase Boardriders’ iconic brands, including Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper and Honolua. The Boardriders portfolio generates $2.9 billion in retail sales annually through more than 500 owned retail stores, 7,000 wholesale accounts and ecommerce in 35 countries. “As an early believer in…
