As economic pressures continue to constrain consumers’ spending power, Shipt is seeing on-demand delivery shoppers turn to deals and concentrate their engagement around peak times. In an interview with PYMNTS, Katie Stratton, chief growth officer at the Target-owned on-demand delivery aggregator, spoke to how consumers’...
As retailers look to offer positive payment experiences to shoppers to keep them coming back, a significant share sees false declines as a sticking point, PYMNTS Intelligence research shows. By the Numbers The PYMNTS Intelligence study “Fraud Management, False Declines and Improved Profitability,” created in...
As retailers feel shoppers’ belt-tightening behaviors hurt sales, many are turning to in-store retail media to increase their revenue and profit margins. Mega-retailer Walmart, for its part, shared in a news release Monday (April 1) how it is expanding its efforts in the space. “The shopping journey...
As eCommerce merchants look for ways to win the trust of and build connection with their shoppers, some are turning to pop-ups to create real-world relationships with shoppers without sinking the high cost into permanent brick-and-mortar stores. Take, for instance, fast fashion giant Shein. The...
As ongoing economic pressures have consumers continuing to shop secondhand to save on retail spending, brands are looking to capture this growing opportunity through direct resale platforms. Resale operating system Archive announced last week via LinkedIn a partnership with footwear brand Dr. Martens on its new resale initiative, ReWair, through which the...
Retail inventories increased to $808.8 billion in February. That figure is 0.5% higher than January and 5.6% higher than it was a year earlier, the Census Bureau said in a Friday (March 29) press release sharing advance economic indicators. The bureau also revised its previously...
As Amazon and Walmart look to generative artificial intelligence (AI) to improve their businesses and capture more of consumers’ total spending, Amazon is stepping up its investment in the space by the billions. The eCommerce giant announced Wednesday (March 27) that it has made an additional $2.75 billion investment in AI...
Overstock.com is back online, promising savings of 30% to 70% and a growing range of product categories. The relaunch of the brand was announced in a Thursday (March 28) press release by parent company Beyond, which also owns the online retail brands Bed Bath & Beyond and Zulily....
With consumers looking for more frictionless authentication, retailers ranging from Whole Foods to Steak ’n Shake are adding biometric payments. Amazon has been looking to remove friction from its Amazon One pay-by-palm capability, most recently launching an app to make signups easier, per an announcement Thursday (March 28), where consumers could previously only sign...
