In the wake of the government shutdown, the delayed November retail sales report that debuted Wednesday (Jan. 14) offers a clear snapshot of how, and where, consumers were spending as the holiday season approached, revealing a familiar but important theme: online channels remained a steady...
Luxury retail company Saks Global has declared bankruptcy amid mounting debts. The company, which owns Saks Fifth Avenue stores as well as department stores Bergdorf Goodman and Neiman Marcus, entered Chapter 11 bankruptcy in Texas, it said in a Wednesday (Jan. 14) news release. The...
Amazon is reportedly seeking reduced prices from its suppliers as it deals with tariffs. The eCommerce giant has asked for discounts from suppliers of up to 30%, the Financial Times (FT) reported Tuesday (Jan. 13), citing interviews with vendor consultants who negotiate on behalf of...
Walmart’s online business is no longer defined by how far it trails Amazon, but by how quickly it is changing the structure of the retail race. That is the central insight of “Walmart Aims at Closing Amazon Online Sales Gap,” the latest edition of the...
Saks Global is reportedly set to make its second leadership transition in two weeks. CEO Richard Baker, whose appointment to that role was announced on Jan. 2, has been preparing to exit the company over the past few days, Bloomberg reported Tuesday (Jan. 13), citing...
Amazon says it is bringing its “Just Walk Out” checkout technology to temporary retail locations. The company on Tuesday (Jan. 13) announced the debut of the latest iteration of its radio frequency identification (RFID) lanes, designed for things like pop-up shops and festivals. “This builds...
For decades, the retail industry was organized around a familiar axis: price versus experience, scale versus specialization, mass versus premium. That framework is no longer sufficient. Findings in the December 2025 “Share of Wallet: Amazon vs. Walmart” report from PYMNTS Intelligence reveal that, today, U.S....
Discount grocery chain Aldi plans to open 180-plus American stores before the year’s end. The company announced the latest phase of its ongoing U.S. expansion Monday (Jan. 12), saying it will debut its first store in Colorado, open three new distribution centers, and undertake an...
Walmart has launched an agentic commerce partnership with Google. The collaboration, announced Sunday (Jan. 11), is built around Google’s new Universal Commerce Protocol and pairs Google’s Gemini artificial intelligence (AI) tool with Walmart and Sam Club’s item assortment. “The transition from traditional web or app...