Upstart is updating its auto retail platform to help dealers offer a simpler buying experience. The artificial intelligence (AI) lending marketplace announced the new applications in a Thursday (Jan. 19) news release. It’s part of a larger digital evolution for the car-buying experience as consumers...
Consumer packaged goods giant Procter & Gamble said it has no plans to change strategy as it continues to work through a difficult cost and operating environment. This, as the Cincinnati-based maker of Tide, Bounty, Pampers, Gillette and dozens of other household brands told investors...
Lab-grown diamonds are gaining ground with consumers and retailers as sustainability meets luxury online and in-store. If there’s one brand to watch, it’s VRAI (pronounced “vray” meaning “true” in French), which distills diamonds from carbon atomized in a plasma reactor and grows them into jewelry-grade...
Bootmaker Dr. Martens is blaming balmy weather and warehouse troubles for declining profits. In a trading update Thursday (Jan. 19), CEO Kenny Wilson said that while demand for the brand’s famous eight-eyelet boots remained resilient, its third-quarter revenue fell short of the British company’s expectations, leading it to rethink its...
The National Retail Federation says 2022 holiday sales grew 5.3%, missing an earlier forecast. That was due to ongoing inflation and steep interest rates, the federation said in a news release Wednesday (Jan. 18), while announcing that sales for the year met the group’s expectations....
December sales data reveals that grocers did not get the predicted boost this holiday season. The U.S. Census Bureau’s advanced monthly sales report, released Wednesday (Jan. 18), showed that grocery store sales rose only 0.1% between November and December. This almost negligible increase marks a...
As D2C brands build their followings, remaining digital-only can restrict their growth. In an interview with PYMNTS, Joey Zwillinger, co-founder and co-CEO of direct-to-consumer (D2C) footwear company Allbirds, which also has a traditional retail presence, noted that physical channels can be key to building trust...
With retailers posting their worst results in a year during their most important month for sales, the time for self-guided digitalization has arrived. Instead of cranking out discounts and relying on strapped consumers to chase deals, a growing number of retailers and brands are poised...
After a COVID-inspired sales drop, luxury brands Burberry and Richemont see hope in China’s reopening. The country last week lifted some of its pandemic restrictions, offering a balm to retailers who welcome the return of shoppers from China, the world’s second-largest luxury goods consumer base...
