With revenues continuing to slide, Stitch Fix is looking to improve customer retention. The artificial-intelligence-powered personal style site outlined a number of strategies to reverse its falling revenues during an earnings call Tuesday (Dec. 6) evening, including ways to deeper interaction and “listening” between the...
Rebag wants to turn secondhand luxury buyers into sellers and investors to boost its inventory. In announcing its new Wallet feature Wednesday (Dec. 7), the reCommerce platform is hoping the incentivized savings feature will entice more sellers into the market, Rebag founder and CEO Charles...
Men use eGrocery channels more than women, and this divide is especially wide for aggregators. For the PYMNTS study The ConnectedEconomy™ Monthly Report: The Gender Divide, we surveyed more than 2,600 U.S. consumers in October about how they engage digitally with their everyday activities. Regarding grocery...
Consumers have five digital shopping features on their wish list that they want from stores. The question, however, is whether retailers will fulfill that wish, and in turn provide the type of experience that keeps customers coming back and spending more. According to findings in...
AutoZone is growing its sales to both professional repair shops and do-it-yourselfers. The auto parts chain said in a Tuesday (Dec. 6) press release that its domestic same-store sales were up 5.6% during the quarter ended Nov. 19, on top of the 13.6% gain it...
The rise in stretched consumers has seen more banks and FinTechs looking to help them. With weakened consumer buying power, a major theme of 2022, banks and FinTechs are increasingly investing in new ways to help so-called “cusp consumers” boost their credit scores and improve...
Clothing maker VF Corporation has projected a gloomier 2023 sales outlook, citing waning consumer demand. The Denver company — parent to brands such as Vans, Timberland, Dickies and The North Face — made this forecast Monday (Dec. 5) while also announcing the retirement of CEO...
In a year filled with belt-tightening and challenges, retailers are tapping cheaper cloud-based tech solutions. From the ongoing Ukraine crisis and supply chain issues to an energy crisis and decreased consumer spending caused by rising inflation, this tough economic period has caused cutbacks and revisions,...
It turns out that dining, shopping, and even paying for such delights is uplifting. As in scientifically, and numerically as the case may be for top-line-minded businesses. In homage to Elizabeth Gilbert’s inspiring story of one woman’s quest to follow her bliss, the PYMNTS Weekender...
