Digitally native mattress company Purple Innovation posted a 54.8 percent surge in direct-to-consumer (D2C) revenue and a 47.6 percent surge in wholesale revenue from Q1 2020 to Q1 2021 as the mattress brand saw formidable demand at the start of 2021. Get the Full Story Complete...
Free of masks, free of masks, thank your lucky stars, we’re free of masks. After a year of hiding our faces from the world in hopes of stopping the spread of COVID-19, the CDC has officially set us free as of this week. If you have...
In today’s top retail news, Ralph Lauren plans to sell its Club Monaco brand to a private equity firm, while Dillard’s total retail sales soared in the first quarter from the prior year. Plus, total U.S. retail and food sales stalled in April. Get the...
Omnichannel commerce platform Lightspeed is teaming up with Google to help local merchants boost revenues as the world reopens post-pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Amazon and Walmart took on bad actors, bad fitting clothes and bad optics this week as they jockey to outmaneuver each other ahead of Walmart’s upcoming earnings report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Dillard’s, the apparel and home furnishing retailer, reported that total retail sales surged by 73 percent for the first quarter from the prior year. The firm runs 250 Dillard’s locations in addition to 31 clearance centers covering 29 states and an eCommerce store at dillards.com, according...
Total retail and food sales stalled in April in the face of rising prices and the absence of $1,400 stimulus checks that fueled a record jump in March. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Ralph Lauren plans to sell its Club Monaco label to Beverly Hills, Calif.-based private equity firm Regent. The arrangement is anticipated to close by June’s conclusion at the latest, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy...
With 14 months’ worth of pandemic-related lockdowns and retail capacity limitations finally starting to loosen up and consumers eager to get out and shop, eat and socialize again, a burning question in retail circles right now is: what type of stores will people return to?...
