The business mix at Walmart is changing, with services growing faster than merchandise. So said Walmart Executive Vice President and Chief Financial Officer John David Rainey Tuesday (March 7) during a Raymond James Institutional Investors Conference. Walmart’s services include the sale of advertising on its...
Perfect Corp. wants to give jewelry shoppers a virtual way to try on rings and watches. The augmented reality (AR) company debuted what it called its 3D viewing and authoring tool for watches and rings Wednesday (March 8). The tool “empowers watch and jewelry brands...
Brands may be best suited to remember the golden rule as consumers vent their frustrations online. As reported by The Wall Street Journal Tuesday (March 7), 74% of consumers have encountered an issue with a product or service over the past year. This is according...
As shoppers continue to mind their budgets due to inflation, online clothing and styling service Stitch Fix is struggling to bring in sales, especially as it battles aggressive discounting measures taken on by retailers looking to offload inventory. Consumers are not only shifting their spending...
While consumers may be cutting back on discretionary expenses, they aren’t holding back when it comes to health and wellness — a trend that has continued since the start of the pandemic and a behavior Dick’s Sporting Goods says it is benefiting from. “We’ve seen a...
Mars is trialing hail-able mobile stores to offer on-demand D2C ice cream sales. The confectionery giant announced Tuesday (March 7) that it is partnering with Conjure, the company formerly known as Robomart that creates mobile shops that can be hailed via mobile devices in the style of Uber or...
Lowe’s is inviting businesses to apply for an opportunity to pitch their products in person. The 1,700-store home improvement company will hold its second live product sourcing event June 13 at the Lowe’s Tech Hub in Charlotte, North Carolina, and invites interested potential suppliers to...
Transact Campus and Amazon have teamed up to create convenient shopping experiences for college students. With this collaboration, Transact Campus’ mobile credential and payment solutions will be integrated with Amazon’s Just Walk Out technology, Transact Campus said in a Tuesday (March 7) press release. “Together,...
As grocers seek higher margins and more shopper loyalty, many are turning to private label. PYMNTS research reveals that, while many shoppers have already switched to the lowest-priced brands, and while some will not trade down from their favorites no matter how good the deals...