Macy’s returned to positive comparable sales in fiscal 2025, marking what the company called an inflection point after years of contraction. The earnings result reflects not just improved merchandising but a structural shift in how the company is using customer data, store formats and digital...
Walmart has secured U.S. patents for two systems that would use machine learning to inform the company’s pricing, the Financial Times reported Wednesday (March 18). One patent is for a “system and method for dynamically and automatically updating item prices” for markdowns in its eCommerce unit,...
Earnings season has revealed a consumer who is not withdrawing from the marketplace so much as recalibrating participation, timing purchases with deliberation and increasingly using digital channels to manage each dollar before it is spent. Across the past several days, results from Dollar General, Dollar...
Amazon’s status as the U.S. Postal Service’s biggest customer could be about to change. The tech giant has begun to scale back the volume of packages it ships via the postal service (USPS) with the goal of reducing that number by at least two-thirds before its contract expires...
Microsoft is reportedly considering legal action over Amazon and OpenAI’s new cloud deal. As the Financial Times (FT) reported Wednesday (March 18), the issue hinges on whether Amazon Web Services (AWS) can offer OpenAI’s new Frontier commercial product without breaking an agreement requiring all access...
Amazon CEO Andy Jassy said Tuesday (March 17) that the growth of artificial intelligence could drive the sales of the company’s cloud computing unit Amazon Web Services (AWS) to a level double that he previously expected, Reuters reported Tuesday. Speaking at an internal all-hands meeting,...
Target will begin lowering prices on 3,000 items this month in its latest move to support the company’s long-term, sustainable growth. The price reductions will generally be between 5% and 20% and will span select items across apparel, home, shoes, and “everyday essentials” such as baby...
Digital upgrades and artificial intelligence contributed to Ulta Beauty’s better-than-planned financial performance in the fourth quarter, Ulta Beauty President and CEO Kecia Steelman said Thursday (March 12) during an earnings call. The specialty beauty retailer saw year-over-year increases of 11.8% in net sales and 5.8%...
Amazon plans to hold its annual Prime Day sale a month earlier, scheduling it for late June this year rather than July as it did last year, Bloomberg reported Thursday (March 12), citing unnamed sources. Reached by PYMNTS, Amazon declined to comment on the report....