With low prices at the core of its value prop for consumers, Walmart grocery may actually benefit from rising inflation in food and beverage categories. The company gained share in grocery in the second quarter of FY21, with sales rising 6 percent, the retailer announced...
Walmart largely benefitted from consumers’ increased vaccination rates in the second quarter, reporting higher-than-expected revenue and increased grocery sales despite difficult year-over-year comparisons and increased concern about the COVID-19 Delta variant. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
For months, nearly every retailer has bemoaned slower supply chains and a lack of available inventory as terminal closures and bottlenecks at ports continue to frustrate international trade. Last week, for example, a coronavirus outbreak in China led to a partial shutdown at the world’s...
Auto retailer Sonic Automotive, Inc. on Tuesday (Aug. 17) opened an EchoPark Automotive outpost in Las Vegas, continuing the expansion of the brand across the U.S. EchoPark customers can shop in person or pick up their cars at the new Las Vegas area location after...
The Home Depot said its customer transactions fell roughly 6 percent last quarter, but average spending rose 11 percent when consumers did shop. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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A month of rising COVID-19 case counts coupled with a surge in mask mandates and vaccine requirements took the steam out of a nascent shopping recovery as July retail sales tumbled 1.1 percent. Get the Full Story Complete the form to unlock this article and...
FinTech infrastructure firm Plaid raised new funding in an additional Series D round led by new investor J.P. Morgan Private Capital Growth Equity Partners and existing investor Amex Ventures, Plaid Co-Founder and CEO Zach Perret said in a Tuesday (Aug. 17) blog post. Get the...
GoDaddy, which works as an internet domain registrar, is planning to roll out features for pay links and virtual terminal features, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
