From a macro retailing perspective, Foot Locker’s earnings results for Q1 put a ribbon on a stellar week for U.S. retailing. Its success joined Macy’s, Walmart, Target and others in showing that the stimulus-fueled consumer is ready to spend as the economy reopens. But behind...
In order to understand this week’s chronicle of the battle of the retail titans, it’s necessary to understand the latest Big Tech battleground: music. Specifically, the different flavors of streaming music upgrades that are now coming to the fore, in which Amazon has a big...
VF Corporation, whose stable of brands include Dickies, Timberland, The North Face and Vans, reported that direct-to-consumer revenue fell 5 percent for the full year fiscal 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Walmart is heading back to the live-shopping well later this month with the help of Food Network star Ree Drummond. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Buy now, pay later firm Klarna has partnered with two major retail powerhouses, SPARC Group and Authentic Brands Group (ABG), to offer its “Pay in 4” BNPL service to more retail brands. Their online shoppers can now pay in four interest-free installments. Get the Full Story Complete the form to unlock...
Another Big Tech player has unveiled plans to join the physical retail party, as Google has announced it will open its first-ever physical retail location in Manhattan’s Chelsea district. In a blog post, Google characterized its new retail location as “a space where customers can...
Amazon Go Grocery is Amazon going, going, gone. The format, which launched in early 2020 as a grocery offshoot of the Amazon Go convenience store chain, included two stores, both in Washington state. One, in Redmond Washington, will be permanently closed, while the other, in...
A spate of solid earnings reports in the home improvement and furnishings space this week has allayed fears that the red-hot nesting trend spawned by the pandemic was starting to fade. As much as the status of the fight against COVID has changed, so too...
In today’s top retail news, Petco’s revenues surged amid growth in pet ownership, while Ralph Lauren’s worldwide digital revenue accelerated throughout owned and wholesale digital channels. Plus, Kohl’s reported net income in the first quarter compared to a loss in 2020. Get the Full Story...
