Walmart is widening its lead in grocery, targeting consumers who are put off by rising prices. In the quarter ended October 29, 2021, the chain saw grocery sales grow “nearly 10%,” with food sales growth of $3.6 billion, the strongest in six quarters, company executives...
Mexican omnichannel buy now, pay later (BNPL) platform Aplazo on Tuesday (Nov. 16) announced it’s raked in $27 million in Series A funding, four months after it grabbed $5.25 million in seed funding, and it plans to use the fresh capital for growth, including adding...
If there were any doubts that the omnichannel consumer is here to stay, Walmart’s latest results, out this morning (Nov. 16), might dispel them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Price and item availability are among consumers’ biggest concerns this holiday, with inflation surging past 6% and supply chain bottlenecks leaving some shelves bare. To compensate, an increasing number of people are considering gifting used items, particularly those that have been refurbished by manufacturers. Get...
Walmart said its omnichannel approach and investments in technology in recent years have set the retailer up to meet shoppers’ needs this holiday season, with approximately 50,000 new supply chain employees added in the third quarter to keep things moving in the coming weeks. Get...
Car parts retailer Advance Auto Parts, Inc. on Monday (Nov. 15) reported that net sales for the third quarter were up 3.1% to $2.6 billion, with comparable sales also increased by 3.1% and up 13.3% since the same time in 2019. Get the Full Story...
Home improvement retail giant The Home Depot on Tuesday (Nov. 16) said its sales for the third quarter of fiscal 2021, which ended Oct. 31, were $36.8 billion, up $3.3 billion — or 9.8% — from the same time a year ago as consumers continue...
B2B virtual payment platform Conferma Pay and B2B payment gateway Boost Payment Solutions are teaming up to offer commercial card issuers and their corporate clients a virtual card tool that quickly transfers payments into suppliers’ bank accounts, according to a press release emailed to PYMNTS...
U.S. retail and food services sales escalated last month to $638.2 billion, up 1.7% over the previous month and beating economists’ forecasts, according to a Tuesday (Nov. 16) report from the Census Bureau. Get the Full Story Complete the form to unlock this article and...
