Off-price retailer Ross Stores saw “robust” sales growth in the quarter ended Aug. 1 as both existing customers and new ones sought prices lower than those of mainstream retailers, CEO Jim Conroy said during a Thursday (Aug. 20) earnings call. “We really want to be...
Years of inflation, promotions, personalized discounts and constantly shifting online prices have made shoppers better at finding deals. They have also made it harder for shoppers to know what anything is supposed to truly cost, a fact that is being sharpened against a backdrop of...
Amazon has launched an education program for college students centered around its cloud computing business. Student Rewards on AWS (Amazon Web Services) Builder Center, gives students access to earn AWS, 12 months of premium Skill Builder, and an AWS Certification Foundational exam voucher as they learn,...
Amazon hopes to offer drone deliveries in nearly 500 U.S. communities by year-end. That will mark a sixfold increase for Amazon’s Prime Air service, the company announced Wednesday (Aug. 19), as it targets metro areas such as Chicago, Cleveland and Atlanta. “Customers already turn to Amazon for fast...
Walmart reports earnings Thursday (Aug. 20), and it enters with a valuable retail advantage that looks both powerful and underused. It captures the weekly grocery trip, yet Amazon increasingly captures what shoppers buy beyond it. The new PYMNTS Intelligence report, “The Basket Breakaway: How Amazon Is...
Tesco has spent three decades learning what more than 24 million U.K. households buy through its Clubcard loyalty program. Now the grocer is testing what happens when artificial intelligence stops recommending groceries and starts building the basket itself. Tesco’s pilot is a meal-planning assistant, built...
IKEA plans to launch an online marketplace in the United Kingdom that will allow consumers to buy and sell pre-owned IKEA products, the company said in a Monday (Aug. 17) press release emailed to PYMNTS. Members of IKEA Family will be able to connect through the...
Walmart’s investors are counting on the company’s ad business to drive profits as same-store sales growth has cooled and the company’s stock has fallen on a cautious annual outlook, Reuters reported Tuesday (Aug. 18). Walmart Connect has helped Walmart maintain margins and offset the cost...
America’s biggest retailers are about to turn a weak government sales report into a six-company test of consumer endurance. U.S. retail and food service sales fell 0.6% in July, the first monthly decline since October and the largest in 14 months. The drop surprised economists...