With a rise in discretionary spending and building materials purchasing, retail sales in the U.S. increased by 0.2 percent in January. At the same time, however, it was noted that retail sales fell by 1.6 percent in December compared to the 1.2 percent that was...
In the age of digital payments, mobile point of sale systems (POS) are making inroads with the promise of time-saving conveniences for merchants. These systems can provide restaurants with the ability to check their inventories or update their menus, for example. But interest in this...
Digital platforms are connecting landowners with outdoor enthusiasts who want to use their land in the age of Airbnb. PrivateAcre is “a way for a new generation to access the outdoors,” Erik Johnson, the company’s co-founder and president, told PYMNTS in an interview. With the...
Amid plans to scale back its brick-and-mortar footprint, Tesla announced it intends to have more locations stay open than it had planned. At the same time, the company plans to increase the price of many of its vehicles by roughly 3 percent globally, The New...
Retailers kept up the trend of shuttering stores last week, with Dollar Tree, Abercrombie & Fitch and Amazon making announcements on that front. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Barbershop brand Johnny’s Chop Shop will be coming to 3,500 Walmart stores. 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 newsletter, PYMNTS Today. By completing...
Retailers are bringing omnichannel experiences to consumers by bridging the worlds of online and brick-and-mortar commerce through offerings such as buy-online-pickup-in-store (BOPIS). Following that trend, Fast fashion apparel retailer rue21 recently announced it plans to bring the offering to more than 700 stores. Get the...
When the world first encountered the brand in 2011, Dollar Shave Club didn’t have much more than an innovative idea for selling razors and a viral video about the concept. Pitched at men, Dollar Shave Club offered a simple choice: pay $10-$20 for razors at...
Amid growth in its eCommerce sales and online selections, Costco Wholesale Corporation beat analysts’ estimates for earnings, but fell short on top-line revenues for the second quarter. The warehouse chain reported revenues of $35.4 billion and earnings of $2.01 per share compared to analysts’ estimates...
