Retail

Retail
Walmart to Add 80 HIV-Specialty Pharmacies by End of 2023
June 09, 2023

Walmart plans to make a tenfold increase in the number of HIV-specialty pharmacies it offers. The retailer launched about half a dozen of these facilities in 2021 and now plans to build the total up to 80 by the end of 2023, CNBC reported Friday...

Retail
GameStop’s Rollercoaster Journey: From Memes to Management Shake-Up 
June 09, 2023

Over the years, GameStop, once a haven for video game enthusiasts within shopping malls, has experienced a tumultuous journey filled with highs and lows.  GameStop’s story began in 1984 when it was established as Babbage’s, a small software retailer. Over time, the company expanded its...

Retail
Are Sustainable Practices a Money Suck or Are They Creating Positive Retail Impact? 
June 09, 2023

In recent years, sustainability has become a hot topic across various industries, including the retail sector. Companies are increasingly under pressure to adopt environmentally friendly practices and reduce their carbon footprint. However, the question remains: Are sustainable practices a drain on finances or do they...

Retail
Nike Renewing Relationships With Retailers in Shift From D2C Focus
June 09, 2023

Nike products will again be available at Designer Shoe Warehouse. The brand had stopped selling its products to the retailer as it focused on its own direct-to-consumer (D2C) efforts, but Designer Brands CEO Doug Howe announced during a Thursday (June 8) earnings call that the...

Retail
Amazon Continues to Own eCommerce as Walmart Finds Digital Footing
June 09, 2023

When it comes to the share of online retail spend, there’s only one champion. Per the retailers’ recent earnings, Amazon far outpaces Walmart in eCommerce sales. PYMNTS’ proprietary research, created by combining data gathered from Amazon and Walmart earnings reports and U.S. Census Bureau numbers,...

Retail
Millennial Student Loan Repayments Threaten Amazon, Walmart’s Bottom Line 
June 08, 2023

Millennials with student loans to lose 6.5% of spending power as repayments resume. That’s the headline PYMNTS reported this week and it’s a headline that’s going to be detrimental to the retail landscape.  The development has raised concerns about the negative impact on the retail...

Retail
Is In-Store a Breeding Ground for Impulse Buying? 
June 08, 2023

While the return to in-store experiences always seems to be in flux these days, the value the store brings to the customer remains a question. Is the ability to get a consumer into your store mean you have a customer who has intent? Going further,...

Retail
Worldline and BigCommerce Team to Prevent Cart Abandonment
June 08, 2023

Payments services company Worldline has teamed with BigCommerce to tackle the problem of cart abandonment. “Every online shopper has a favourite way to pay, whether that’s using a local bank transfer method, a credit card, or a buy now, pay later option,” Björn Hoffmeyer, Worldline’s...

Retail
Online Grocery Customers Spend 32% More Per Purchase Than In-Store
June 07, 2023

Online grocery may only account for a small fraction of total grocery purchases, but those who have adopted digital channels represent grocers’ biggest spenders. By the Numbers According to data from PYMNTS’ study “Tracking the Digital Payments Takeover: Catching the Coming eCommerce Wave,” created in...