Video commerce giant and QVC owner Qurate Retail Inc. is implementing a turnaround plan amid across-the-board declines in revenue, the company reported Friday (Aug. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
DraftKings saw double-digit increases in monthly payers and revenue in the second quarter of this year, the sports wagering platform said in a Friday (Aug. 5) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
It is never a good sign when the nation’s largest private employer says it’s cutting jobs at headquarters, especially in an economic environment — and industry — that is on high alert for bad news. Get the Full Story Complete the form to unlock this...
YETI’s stock price was down almost 20% in early trading Thursday (Aug. 4) after the company reduced its fiscal 2022 forecast, despite seeing revenue growth in the 15% to 17% range in the three months ending July 2. Get the Full Story Complete the form...
Home goods eCommerce marketplace Wayfair lost about 25% of its customers in the past year and saw its deliveries drop almost 30% in the second quarter compared to the same time a year earlier, a reflection that people are thinking twice about home-based updates. Get...
Casual footwear-maker Crocs said continued gains in its digital sales as well as strong uptake of its newly acquired Hey Dude brand helped drive record second-quarter sales but warned the pace of growth would likely slow down. Get the Full Story Complete the form to...
Hailing from the dawn of modern retailing, JCPenney (JCP) is reinventing itself as a slimmed-down digital-savvy merchant, connecting with customers by creating seamless journeys and 21st century experiences. That’s meant a makeover for how the storied brand defines engagement. Get the Full Story Complete the...
Besides confirming the findings in PYMNTS’ recent “Global Digital Shopping Index” when it comes to differing payment methods used across Europe, a recent report by Tribe Payments has highlighted differences between the way European retailers perceive the future prospects of in-store shopping depending on where...
CVS Health said its “digital first strategy” is driving increases in its online customer base and visits to its MinuteClinic as the nation’s largest retail pharmacy chain repositions itself as a community health destination. Get the Full Story Complete the form to unlock this article...
