U.K. and U.S. retailers are reportedly finding that deep discounts aren’t enough to woo consumers. “Even the strongest and highest profile brands up and down the country are struggling,” said Julie Palmer, a partner at British consulting firm Begbies Traynor Group, told Bloomberg News in an interview published Sunday...
With Kroger selling off its specialty pharmacy business, it seems that retailers’ efforts to pack more and more into their stores may not always be the right move. The Kroger Company announced plans to sell the business to CarelonRx, a subsidiary of Elevance Health, earlier this week, with the sale expected to...
As consumers’ budgetary pressures prompt many to cut back on nonessential purchases, PYMNTS Intelligence research finds that shoppers still splurge on the clothing they want. By the Numbers “The Nonessential Spending Deep Dive Edition” of the PYMNTS Intelligence series “New Reality Check: The Paycheck-to-Paycheck Report,” created in...
Walmart is looking to MacBooks to drive up its share of consumer electronics spending as Amazon continues to widen its lead in the category. The mega-retailer recently announced that it is now selling the MacBook Air with the M1 chip on its website, with the product...
The days of consumers mentally segregating in-store shopping from its online counterpart are over. Nowadays, as PYMNTS Intelligence’s “2024 Global Digital Shopping Index: The Rise of the Click-and-Mortar™ Shopper and What It Means for Merchants” report makes clear, consumers worldwide simply think in terms of “shopping.”...
As consumers continue to feel the economic pressures, Lululemon is seeing shoppers spend more cautiously. The athletic apparel retailer saw challenges in the United States, even as other markets quickly grow their adoption. The company shared in its fourth quarter and full year fiscal 2023 financial...
Walmart is reportedly making a renewed effort to entice wealthier shoppers. As Bloomberg News reported Thursday, the retail giant is renovating or building more than 800 locations across with things like improved lighting and higher-end products. Jordan Berke, a former Walmart executive and founder of Tomorrow Retail Consulting, said...
As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below the latest to pull back on the technology. The discount retailer, which targets Gen Z and Gen Alpha consumers and...
Because many consumers may still be smarting from last month’s 3.2% bump in inflation, they appear to be reluctant to shop for retail items. What can merchants do to woo hesitant shoppers back into their stores and web domains? One answer might lie in data reflecting buying patterns...
