Santa has yet to ride down 34th Street in the Macy’s Thanksgiving Day Parade and the turkey has yet to be carved, but nearly 50% of consumers say they’ve already started making holiday gift purchases amid inventory shortages and rising prices. Get the Full Story...
Small retailers across the U.S. are having trouble overcoming the supply chain snafus of the past several months, while the nation’s biggest companies — including Walmart, Home Depot, Lowe’s and Target — are finding solutions to work around them, according to a Financial Times report...
Macy’s CEO Jeff Gennette on Thursday (Nov. 18) told CNBC’s Jim Cramer during an interview on “Mad Money” that the company hasn’t decided whether it will break its eCommerce division into its own company, despite urging from Jana Partners to make the move. Get the...
Nike on Thursday (Nov. 18) announced the launch of its foray into the metaverse, calling its Roblox-fueled immersive 3-D experience Nikeland. The space allows Nike fans to “connect, create, share experiences and compete,” according to the company announcement. Get the Full Story Complete the form...
As social commerce continues to move toward becoming just another way for consumers to shop, social media networks are working to embed shopping even more deeply into their platforms and create new opportunities for purchases. Get the Full Story Complete the form to unlock this...
Executives at luxury retail platform Farfetch say next year will be a critical juncture in expanding beyond its core marketplace and developing deeper relationships within the industry as an increasing number of brands express interest in the company’s software-as-a-service (SaaS). Get the Full Story Complete...
One of the most noteworthy aspects of Walmart’s quarterly earnings release earlier this week was the $3.6 billion growth in food sales between July and October, the strongest in six quarters, according to company executives. Get the Full Story Complete the form to unlock this...
After years of decline, department stores are seeing a resurgence in traffic, with Mastercard SpendingPulse projecting they’ll see 40% year-over-year growth over the week of Thanksgiving, and 7.6% growth compared to the same period of 2019. Get the Full Story Complete the form to unlock...
Since the beginning of the pandemic, there have been two categories of merchants in terms of how they have been impacted and how they see the optimization of payment processing, Manuel Huez, vice president, product, payments processing at Checkout.com, told PYMNTS. Get the Full Story Complete...
