Foot Locker’s chief financial officer will step down next year. The athletic retailer said in a Tuesday (Nov. 29) press release that the departure of Andrew Page — following the release of the company’s next earnings report in January — comes amid a series of...
The digital shift is giving way to the delivery shift. Or said another way — for consumers who want to make sure they get exactly what they ordered, while also saving money on shipping costs, becoming the delivery person is becoming an attractive option. In...
Major convenience stores are expanding their hot food selection to divert sales from restaurants. Most recently, major multinational convenience retailer EG Group has been adding in-store branded Ria’s Pizzerias at Cumberland Farms locations, as the National Association of Convenience Stores (NACS) noted Tuesday (Nov. 29). The company recently opened its second...
A record number of Americans shopped during Cyber Five. During the five days from Thanksgiving Day through Cyber Monday, 196.7 million Americans shopped in stores and online, the National Retail Federation (NRF) and Prosper Insights & Analytics said Tuesday (Nov. 29) in a press release. That total is 9% higher...
U.K. fashion retailer Boohoo has doubled its stake in cosmetics brand Revolution Beauty. Boohoo announced the move in a Monday (Nov. 28) news release, saying it had increased its stake in Revolution from 12.8% to 26.4% due to its “belief in its growth potential.” The...
Cash equivalents came on strong in the closely watched Cyber Five weekend that ended Monday (Nov. 28). Faced with staggering inflation that pushed paycheck-to-paycheck households to the breaking point, consumers held back and then pounced on deals during the annual holiday sales event. Importantly, while...
Youth fashion brand Claire’s and Macy’s are partnering to create 20 new store-in-store locations. According to a Tuesday (Nov. 29) company press release, the new shops are set to open this month in select department store locations and will feature hair accessories, jewelry, cosmetics and...
Grocers looking to boost holiday sales would do well to offer seasonal deals. By the Numbers Research from PYMNTS’ recent study “New Reality Check: The Paycheck-To-Paycheck Report — The Holiday Shopping Edition,” created in collaboration with LendingClub, which draws from a survey of more than 3,400...
Three years in, China continues to weather fallout from the pandemic. And that fallout, as lockdowns and civil unrest wrack an already volatile economy, may have negative knock-on effects for global marquee brands — Apple, Nike and Starbucks among them. This, as weekend protests have...