This week in grocery, Amazon backs an online grocery startup, Giant leverages video and self-checkout evolves. In Amazon’s ongoing efforts to grow its share of perishables, the company has invested in a direct-to-consumer (D2C) company in India, FreshToHome, which sells meat and fish online to delivery to consumers’...
For Mytheresa, the high-end retail segment is diverging. This, as the newly listed luxury brand marketplace says it sees a difference between what it calls “aspirational” customers and “wardrobing” shoppers, who frequent its upscale eCommerce site. Where the former saw weakness, the latter saw strength...
Chinese eCommerce giant Alibaba is still suffering the effects of COVID-19. The company released earnings results Thursday (Feb. 23) showing growth of 2%, a slower pace than its last quarter, as the retailer dealt with the continued impact of the pandemic in China. “We delivered...
Dollar General said a December storm kept it from meeting its expected financial results. The retailer said in a Thursday (Feb. 23) press release that its same-store sales increased 5.7% in the fourth quarter, below its previous expectation of 6% to 7%, and increased 4.3%...
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...
