Etsy is continuing to upgrade its search function after seeing record revenue during the holidays. The eCommerce marketplace released earnings results Wednesday (Feb. 22) that showed revenues increasing 12.6% in the last quarter of 2022, driven in part by the holiday shopping season. “We had...
A tough economy hits hardest for those with lower incomes and poor to no credit, which is where rent-to-own and lease-to-own can be a lifesaver — and in many ways, they are — even as the biggest players in the space keep a hand on...
At a time when more shopping is being done on mobile devices or with one in-hand, the need for a synchronous experience is a retail must. “I always look at myself, my family and the people around me and how they shop,” Fabletics SVP and...
After three tumultuous years leading to a very uncertain 2023, retailers are innovating in key areas to improve customer journeys with advanced data approaches and real-time payments. These are among the findings from the study “Retail Payments Innovation Year in Review: How Real-Time Payments Drive...
Research featured in PYMNTS’ latest Retail Tracker® shows shoppers have been let down at checkout. The Context The grocery industry, for its part, has been working hard on innovating the checkout experience, tapping new technologies to improve efficiency on its end and to remove friction...
Target is making a $100 million bet on eCommerce by expanding its supply chain operations. The retailer announced Wednesday (Feb. 22) it would increase the number of sortation facilities from nine to more than 15 by the end of 2026, a move that comes as...
Klarna continues to see strong demand for its buy now, pay later product in the U.S. The Swedish company said Wednesday (Feb. 22) it had seen a 71% increase in gross merchandise value (GMV) in the United States last year. Klarna attributed its growth to...
The TJX Companies saw softer sales at its home businesses after two years of “extraordinary growth.” For full-year fiscal 2023, comparable store sales at the firm’s HomeGoods and Homesense locations were down 7% while those at T.J. Maxx, Marshalls and Sierra were up 7%, TJX...
Overstock.com’s refocus on selling home-only merchandise is not without its costs. This, as the Utah-based direct-to-consumer (D2C) retailer reported sharp declines in both its fourth quarter and full year earnings results Wednesday (Feb. 22), as a drop in active customers saw fewer people spending less...
