Facing weaker than expected consumer demand in Europe and North America, Swedish home appliance company Electrolux is cutting costs in both regions and launching a turnaround program in North America. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As Ikea moves to reinvent its physical retail presence and drive more foot traffic to its stores, the Swedish-founded conglomerate known for its unfussy, ready-to-assemble furniture is expanding the perks of its free loyalty club. Get the Full Story Complete the form to unlock this...
RH (Restoration Hardware) CEO Gary Friedman and Kroger CEO Rodney McMullen both had it right last week when they reported their respective Q2 earnings: Inflation is taking a heavy toll on consumer spend. Get the Full Story Complete the form to unlock this article and...
In the grocery segment, it’s the tug of war for space on the (brick and mortar and virtual) shelves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
When news crossed this week that Walmart, the self-titled leader for “everyday low prices,” had struck a 10-year deal with UnitedHealth, it was likely unsurprising to most industry observers to see the word “affordable” prominently placed atop the announcement. Get the Full Story Complete the...
Seeking to boost its sustainability and reach new customers, Swiss athletic footwear and apparel brand On — which is backed by tennis star Roger Federer — has launched a resale site called Onward. Get the Full Story Complete the form to unlock this article and...
Aiming to makes its workplaces “safer, simpler and more productive,” Amazon has signed an agreement to acquire Belgium-based mechatronics solution designer and manufacturer Cloostermans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Luxury lifestyle retailer RH won’t sacrifice its image and margins to keep its sales growing as consumers tighten their wallets, RH Chairman and CEO Gary Friedman said Thursday (Sept. 8) in a presentation released along with the company’s quarterly earnings call. Get the Full Story...
With Depression-era roots dating back nearly 100 years, followed by decades of dormancy due to the rise of credit cards, and then, most recently, being eclipsed by the emergence of BNPL, the lowly layaway plan has largely been left behind in the world of consumer...
