Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Serial entrepreneur and Jet.com Founder Marc Lore is retiring as Walmart’s CEO of eCommerce to help startups and write a book while pursuing his passion of developing a city of the future. Get the Full Story Complete the form to unlock this article and enjoy...
The momentum of the new pandemic surge was too much for consumer spending to overcome, according to new data released Friday (Jan. 15). With infection rates climbing, consumers tightened the reins on their spending in December, despite it being the peak of the holiday shopping...
Amazon unveiled Alexa Custom Assistant on Friday (Jan. 15), a product that allows companies to create customized artificial intelligence (AI) assistants to match their “brand personality” and meet their clients’ needs, according to an announcement. Get the Full Story Complete the form to unlock this...
Trader Joe’s, Dollar General and other companies that employ thousands of front-line hourly or gig workers have announced plans to pay bonuses to those who get the new COVID-19 vaccines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at more than 1,000 North American airports, train stations and other landmarks and tourist destinations. Get the Full Story Complete the form to unlock...
The U.S. Census Bureau reported on Friday (Jan. 15) that advance estimates of U.S. retail and food services sales for December 2020 fell 0.7 percent from November 2020 but they were 2.9 percent higher than December 2019, according to a press release. Get the Full Story...
In today’s top retail news, Ethan Allen Interiors anticipates reporting retail segment written orders growth of 44.9 percent from the prior year for the company’s second quarter, while Christopher & Banks Corporation has voluntarily filed for Chapter 11 bankruptcy. Plus, a new Toshiba Global Commerce...
Grocery shopping has become a very different animal in the last year as consumers have radically altered their shopping preferences. Once a weekly physical activity relegated to weekends by the vast majority of consumers, the new grocery shopper has developed an increasing affinity over the...
