Easier payments and smarter customer data use will anchor the retail industry’s experiential modernization efforts. This, as new PYMNTS research involving major retailers shows a reprioritization of resources toward more seamless omnichannel experiences, especially the largest players. According to “Navigating Big Retail’s Digital Shift: The...
New brands and product innovation are driving growth at Ulta Beauty. The cosmetics and skincare retailer said in a Thursday (Dec. 1) press release that during its third quarter that ended Oct. 29, its net sales increased 17.2% year over year and its comparable sales were up...
When you need baby formula at 3 a.m., options are limited. Or rather, they were. Announcement of Walgreens 24-Hour Same Day Delivery on Thursday (Dec. 1) marks a turning point in anytime access, offering 27,000 retail items from the chain, and Stefanie Kruse, Walgreens vice president of digital...
Some of the world’s biggest retailers are experiencing a paradigm shift. They are focusing on user experience in-store as a key feature of their competitiveness not only against each other but against the threat of online shopping. According to a recent PYMNTS and ACI survey,...
As consumers cut non-essential spending, food is the hook that keeps them coming back. Discount variety store chain Dollar General, for one, has been expanding its food offerings via its DG Fresh initiative, which spans almost 19,000 stores, meant to boost margins and drive sales...
A new study shows price is everything as budget-minded decisions are consumers’ top drivers. In the latest edition of “New Reality Check: The Paycheck-To-Paycheck Report: The Holiday Shopping Edition,” a PYMNTS and LendingClub collaboration, more consumers say they will consider sales and prices when choosing where...
Apparel giant PVH credits strong consumer connection with its top two brands for Q3 upside surprise. In labeling the pricing power and performance of Calvin Klein and Tommy Hilfiger “hero products” the New York-based global apparel conglomerate said it was able to navigate a tricky...
Five Below will test its value proposition and offer more items above the $5 threshold. This, as a the Philadelphia-based discount retailer long favored by teens and tweens reported its third-quarter 2022 earnings Wednesday (Nov. 30), telling analysts and investors that key aspects of its...
Swiss luxury watchmaker Rolex says it will begin certifying its pre-owned timepieces. With this move, Rolex joins a number of luxury brands who have tapped into a resale market that has let other players cash in on their goods. “Because they are built to last,...