Walmart has shuttered half its Chicago stores while facing heavy competition for grocery customers. The move, announced Tuesday (April 11), brings the number of Walmart stores in America’s third largest city from eight down to four, and is happening as the country’s largest brick-and-mortar retailer...
In response to widespread demand for convenience, nonfinancial companies are using banking-as-a-service (BaaS) to seamlessly integrate financial products into traditionally nonfinancial platforms and experiences. Known as embedded finance, this integration of financial services has become immensely popular: In 2021, businesses and consumers spent $2.6 trillion...
When goods pile up on shelves and in wholesale channels, markdowns loom. And among the latest spate of economic data, there are hints that a summer slowdown for many merchants may be in the offing. As reported by the Census Bureau on Monday (April 10),...
Toshiba Global Commerce Solutions says it’s extending the reach of its point-of-sale (POS) network. The company on Tuesday (April 11) announced it is teaming with POS firm BlueStar to help make the expansion happen. “The strategic partnership with BlueStar provides unique benefits to both organizations,”...
If there’s anything the past few years have taught the retail industry, it’s that the ability to respond and pivot accordingly is king, all while staying true to your core customers and creating the best experience for them. It’s a daunting task that few retailers...
Sampler has acquired Abeo to expand into the global beauty industry. The acquisition adds Abeo’s beauty industry-focused digital sampling agency to Sampler’s omnichannel product sampling platform, the companies said in a Tuesday (April 11) press release. “The beauty industry was an early adopter of digital...
The beauty industry is constantly seeking out innovative ways to enhance its bottom line. As a result, the sector is exploring new avenues to increase its revenue, and one significant shift that’s becoming more noticeable is how it approaches advertising. Rather than concentrating solely on...
The handbag and accessory brand Patricia Nash is now using thredUP’s Resale-as-a-Service (RaaS) offering. With the launch of its new Rediscovered program, Patricia Nash joins 40 other brands offering resale programs through the fashion resale site’s RaaS offering, Patricia Nash said in a Monday (April 10) press release. “We have a...
As retailers seek ways to make eGrocery profitable, curbside-only stores are emerging. In an interview with PYMNTS, Alex Ruhter, co-founder and CEO of curbside grocer JackBe, which recently announced that it has raised $11.5 million in capital, noted that the model’s strongest advantage is its...
