Showing our love with gifts is more challenging in 2023 given that inflation-weary consumers are still tapped from holiday spending. But love is in the air. While the National Retail Federation (NRF) said in its annual Valentine’s Day spending outlook that more than half of...
Although IKEA’s recent experiments with promotional campaigns have boosted sales, the company is hoping such measures are temporary. “We are currently seeing growing visitor numbers and growing sales,” Jesper Brodin, CEO of IKEA stores owner Ingka, told Reuters Tuesday (Feb. 14). “… It started late...
Luggage brand Away is reportedly considering a sale and other strategic options. Bloomberg reported Monday (Feb. 13) that the firm was valued at $1.45 billion in 2019 but that it’s not clear what price it could command today, were it to choose to be sold....
Despite eGrocery advances, PYMNTS research shows that when it comes to fresh produce, consumers still overwhelmingly prefer physical stores. The Context Grocery shoppers do not trust eCommerce options to pick out the right fruits and vegetables. On a call with analysts earlier this month discussing Amazon’s fourth-quarter...
The return to physical retail was perhaps the bigger story of 2022, but the rising number of consumers shopping online and paying with digital wallets are trends to watch as those numbers climb. PYMNTS recorded the growth of eCommerce in “Digital Economy Payments: The Ascent...
Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of the new vehicles sold in January, Kelley Blue Book said in a Monday (Feb. 13) press release. “High loan rates...
The fast-fashion world’s four-way battle could have a fifth player in Temu. The eCommerce company has been operating in the U.S. since last year but made its Super Bowl debut Sunday (Feb. 12) in a pair of ads that promoted the increasingly popular online shopping...
This year, the Super Bowl will bring a surge of food spending despite overall belt-tightening. The event is a major occasion for food sales — buffalo wings, chips and dip, hot dogs and more. Many major quick-service restaurant (QSR) chains are doing everything in their...
Budget-conscious consumers are eating at home — and Amazon and Walmart may cede grocery ground to the dollar stores. The key battles may be fought over the pantry staples — the items that are the lion’s share of spend and are essential. The jousting over...
