Following a 15% increase in beauty and perfume sales last year, luxury fashion house Hermès is expanding its beauty category with all-new products. The luxury retailer noted that today, its perfume segment only contributes 4% of the total revenue, with leather goods reportedly making up...
As overall retail sales slump, some sporting goods brands and merchants are demonstrating that health and wellness is anything but discretionary. A seamless integration of online tools and technologies, when coupled with in-store sales savvy, is proving remarkably successful for sporting goods brands that strike...
Pan-African eCommerce firm Jumia has agreed to sell retailer Leroy Merlin’s products in West Africa. The agreement is part of Jumia’s plan to halve costs and extend its reach by the end of the year with the home improvement firm, as detailed by Bloomberg News Wednesday (March 22), Jumia CEO Francis...
Thanks to its robust direct-to-consumer (D2C) sales strategy, better inventory management and a rebound in China, Nike is finding itself in a better position than expected. The company reported its revenue for the third fiscal quarter to be $12.4 billion, above projections of $11.48 billion,...
GameStop’s turnaround continued this week as the company reported its first profit in years. The video game retailer announced in a Tuesday (March 21) earnings release that it had seen a net profit of $48.2 million in the quarter that ended in January, versus a...
Amazon Pay has unveiled a tool to give merchants faster access to working capital. Express Payout is available now for eligible merchants via the company’s Seller Central, Amazon said Tuesday (March 21) in an announcement provided to PYMNTS. “Express Payout for Amazon Pay helps businesses...
When professional makeup artist, author and the founder of Bobbi Brown Cosmetics, Bobbi Brown, founded her clean beauty makeup brand Jones Road Beauty in 2020, she made it her mission to create products with “the best, most efficacious formulas” and avoided including any ingredients that...
As grocers look to mitigate inflation-related margin decreases, Sam’s Club is improving its ad offerings. The Walmart-owned membership warehouse club chain announced Tuesday (March 21) that it has made it possible for advertisers to attribute in-store sales to their advertising — search ads and sponsored...
Dropping perks may seem like smart cost-cutting for small retailers, but one cut in particular could come at the expense of repeat business. As consumer spending continues to slump following January’s seemingly temporary bump, shoppers are seeking any small savings. This is especially true when...
