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...
British auto marketplace Cazoo is selling its German subscription business two years after buying it. The decision, announced in a Friday (Feb. 17) statement, comes after the online used car dealer informed investors earlier this year of belt-tightening plans that will involve layoffs and the closure of some of its...
Merchants playing catch-up with consumer payment choice may more easily offer options with a third-party partnership. Retailers operating primarily in the brick-and-mortar space have had a tough time keeping up. eCommerce’s continued grab of brick-and-mortar market share cannot be understated as consumers increasingly shop online...
Hermès is seeing no slowdown in sales of luxury products. The luxury brand said in a Friday (Feb. 17) earnings release that it had a “particularly robust” 2022 in which its sales were up 26% in the fourth quarter and 29% for the full year....
From its founding 60 years ago to its most recent press release this week, Walmart has never strayed from its core message: helping people live better and save money. While the Arkansas-based retailer has grown and changed over the decades, with more locations and services...
Shein is reportedly telling investors that it plans to double its revenue by 2025. The Financial Times (FT) reported Friday (Feb. 17) that the online fast fashion giant also expects its gross merchandise value (GMV) will rise 174% over that same time. These projections were...
