The eCommerce platform Shopify posted better-than-expected fourth-quarter results on Wednesday (Feb. 17), but warned that the rate of growth triggered by the pandemic was not sustainable. Officially, the Ottawa-based eCommerce giant reported a four-fold increase in adjusted net income for the three months ending Dec. 31,...
When the world’s largest retailer reports its Q4 results on Thursday morning (Feb. 18), analysts are expecting Walmart to deliver record holiday sales that outpaced Amazon’s by $2 billion a week. But even that won’t be enough, as investors also seek updates on digital and...
Who’s ordering most of the mobile meals we’ve come to love in the age of COVID? 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 to our daily...
Camping World Holdings, Inc. has purchased two locations in the Northeast amid continued expansion of its physical presence. Stores in Albany, N.Y. and Hamburg, Pa. were created via the purchase of Boat-N-RV Superstore, according to a Wednesday (Feb. 17) announcement. Get the Full Story Complete the...
Price satisfaction. Exclusivity. Affinity. These are some of the main factors making use of product drops, flash sales and related tactics part of an effective 2021 eCommerce strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
It’s hard to argue the digital shift in any business, but particularly at retail. PYMNTS research shows that 97.3 million U.S. consumers have now switched to performing at least one routine activity online — working from home on their laptops, browsing retail marketplace apps, ordering...
Some 92 percent of the more than 400 restaurants surveyed by the NYC Hospitality Alliance indicated that they could not foot the bill for rent, the nonprofit industry association said in a press release on Tuesday (Feb. 16). Get the Full Story Complete the form...
India’s Tata Group will buy a 68 percent stake in online grocer BigBasket for about 95 billion rupees ($1.3 billion), the TV network ET Now reported. The deal provides a full exit for China’s Alibaba Group, which owned 27 percent of BigBasket. Get the Full...
CVS said on Tuesday (Feb. 16) that it is re-entering the Obamacare health plan market next year, and that its multi-pronged response to COVID has helped it grow sales and new consumer relationships. Get the Full Story Complete the form to unlock this article and...
