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...
The recovery of physical retail is also bringing new levels of innovation and experimentation to the in-store experience as the online and physical worlds meet and meld in creative ways. That’s always been the M.O. of Neighborhood Goods, whose updated take on the department store...
Coming off its first-ever $600 billion year of sales, Walmart told investors Tuesday (Feb. 21) that even though economic concerns continue to cloud the future, it has never been more optimistic about its hand in the broader retail game. “One of the things I’ve always...
Retailers upgrading their payments experience and fraud prevention capabilities are increasingly seeking outside expertise in their innovation journeys, going for “buy” rather than “build” in digital systems. Analyzing results from the study “Retail Payments Innovation Year in Review: How Real-Time Payments Drive the In-Store Customer...
Dilliard’s has reported sales growth after suffering the same holiday downturn as other department stores. The 85-year-old retailer released earnings figures Tuesday (Feb. 21) that showed its retail sales and comparable store sales each rose 5% during its most recent fiscal year. “Fiscal year earnings...
When it comes to adopting new online grocery shopping habits, PYMNTS data reveals a dramatic gap between younger and older consumers. The Context Grocers and other retailers, noting the prevalence of digital adoption among younger generations, have targeted their offerings to these consumers’ preferences. For...
As grocers look to lay solid foundations for their digital futures, Asda is dropping Walmart. The United Kingdom-based supermarket chain announced Thursday (Feb. 16) that it is partnering with digital consulting company Publicis Sapient to create an eGrocery business that will allow the grocer to transition away from relying on its former...
