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...
Egyptian FinTech Paymob is working with IKEA to give furniture buyers more payment options. The partnership, announced in a news release provided to PYMNTS Tuesday (March 21), will let customers at IKEA Egypt pay by digital wallets, bank-offered easy payment plans (EPP) and consumer finance...
Luxury fashion brand Telfar wants to let consumers set their own prices. In an era when high-priced goods continue to show durability, the New York-based designer is set to begin offering a “live price” model, Fast Company reported Monday (March 20). “Many brands use price...
In-store media opportunities are making a comeback, but this time with a little more zest than before — interactive displays, as brands and retailers look to attract more consumers, who are increasingly making their way back to in-store experiences. Despite the significant investments made...
Americans will spend a record $24 billion on Easter this year despite ongoing economic pressures. According to a survey released Monday (March 20) by the National Retail Federation (NRF), 81% of Americans will celebrate the holiday this year and spend an average of $192.01, another record amount. “Easter endures...
7-Eleven plans to build one of the largest electric vehicle (EV) fast-charging networks offered by a retailer. The convenience store retailer already offers fast-charging services at several locations in California, Colorado, Florida and Texas and plans to add select locations across the United States and then...
Everywhere you look there’s a new celebrity-backed brand. From SKIMS by Kim Kardashian to Casamigos Tequila by George Clooney to JLO by Jennifer Lopez, social media influencers and Hollywood stars are increasingly opting to launch their own direct-to-consumer (D2C) businesses instead of simply licensing their...
China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its revenues increasing, driven primarily by online marketing and transaction services. However, PDD — which owns shopping platforms Pinduoduo and Temu – said that increase...
According to new research, small and medium-sized businesses (SMBs) must embrace the shift to digital features more deeply if they hope to stay relevant and competitive. Based on findings from “The 2023 Global Digital Shopping Index: SMB Edition” (GDSI SMB), a PYMNTS and Cybersource collaboration surveying...
