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...
While most retailers are cutting prices and focusing more on essentials, a new Sabyasachi boutique in New York City is attracting buzz for its curated, high-priced luxury goods that one industry-watcher characterized as “maximalist.” Thanks to the continued resilience and buying power of wealthy consumers,...
Driven by an inflation-fueled demand for deals, the official kick-off weekend of the 2022 shopping season outperformed events of the past two years albeit with a new bias for more point-of-sale credit and financing and increased reliance on digital channels than ever before. PYMNTS’ just...
The fastest growing apparel reseller in Europe is looking to bring its game to the U.S. market. This, as Vinted is expanding beyond its base in Lithuania, after successfully building out its brand across several of Europe’s largest markets where it has quietly become the...
