The largest U.S. toy and game maker said it expects lingering impacts from inflation to dampen consumer spending for most of the year but is counting on its revamped corporate strategy to mitigate some of those headwinds. The comments from Rhode Island-based Hasbro come as...
WPP and Stripe have partnered to develop commerce and payment solutions for brands. With this collaboration, WPP has joined the Stripe Partner Ecosystem as a consulting partner and will help their mutual clients with digital transformation, new product launches, eCommerce design and development, mobile applications,...
Continued demand for casual footwear led Crocs to a record 2022. The shoemaker announced in a Thursday (Feb. 16) press release that it recorded $3.6 billion in revenue from its flagship brand and its Hey Dude line, with the company growing nearly 54% year over...
Two-thirds of retailers are investing greater resources into more convenient payment and checkout options, as consumers cite it as one of their top five checkout and payment demands, explains Thordur Reynisson, CEO of Nær, Iceland’s first chain of retail cashierless stores.
Brick-and-mortar retailers in the United States and the United Kingdom faced stiff competition in 2022 as consumers continued to shop online for everything from essential groceries and health products to discretionary goods and services. The result: Innovation in real-time payment options and omnichannel marketing —...
Non-grocer retailers can seize a renewed opportunity to satisfy customer demand by exploring self-checkout as new tech options come to market. Since at least 2018, consumers have been clamoring for self-service technology when it comes to the retail in-store checkout experience. At the time, PYMNTS’...
Amazon and Martha Stewart have launched a dedicated brand store dubbed “The World of Martha.” The brand store includes a new collection of cookware, bedding and textiles — together with thousands of the Martha Stewart’s existing home and lifestyle products — as well as video...
The widest barometer of U.S. economic activity rebounded sharply in January as consumers scooped up deals on clothes, TVs and refrigerators. This, as the Census Bureau’s January reading of retail sales started the New Year with a 3% snapback on the heels of 1% and...
Global luxury group Kering ran into headwinds during the fourth quarter. The group recorded a year-over-year decline in sales of 7% on a comparable basis during the quarter ended Dec. 31. Gucci, which accounts for half its revenue, was down 14%. Yves Saint Laurent was...
