As consumers settle in for a chilly winter at home, supermarkets are ramping up their stable of connected recipes to not only capture an uptick in cooking but to drive spending, increase basket size, boost loyalty and swipe share from restaurants. Take, for instance, Walmart,...
With the growth of direct-to-consumer (D2C) options enabling coffee drinkers to access increasingly niche, increasingly boutique products, prices have been rising for higher-end brands and blends. Now, the expansion of buy now, pay later (BNPL) is making it possible for some coffee snobs to purchase...
Fighting a highly promotional environment for consumer electronics, Best Buy sees holiday shopping patterns this year returning to some pre-pandemic norms. Reviewing FY23 third quarter financials on a Tuesday (Nov. 22) earnings call, Best Buy CEO Corie Barry noted year-over-year sales declines across most product categories, adding that the...
After being jeered for raising its long-standing $1 price point strategy a year ago, Dollar Tree said Tuesday (Nov. 22) that the change is working, and that the retailer is planning to add more $3 and $5 items to its fleet of 16,000 stores. In speaking to...
Right-sizing inventory, reducing costs and scaling its new logistics services business paid off for American Eagle Outfitters (AEO) during the third quarter, the company said Tuesday (Nov. 22) in its quarterly earnings release. During the quarter ended Oct. 29, the clothing and accessories retailer achieved...
Dick’s Sporting Goods’ continued efforts to redefine itself through its experiential, omnichannel offerings appears to have paid off during its third quarter, with the retailer seeing a 6.5% increase in sales. “Our Q3 results demonstrate the continued success and strength of our transformational journey,” Ed...
Urban Outfitters is heading into the holiday shopping season enjoying record sales, primarily driven by shoppers at its Anthropologie and Free People brands. According to the company’s third-quarter earnings report, sales rose 3.9% from the third quarter of 2021, reaching a record $1.18 billion. “Consumer...
According to a recent PYMNTS survey, most U.S. and U.K. retailers believe that their ability to replicate the frictionless shopping and payment experience of eCommerce in-store is critical for maintaining customer loyalty and engagement. The report, “Big Retail’s Innovation Mandate: Convenience and Personalization,” a PYMNTS...
Special foods and overeating may be synonymous with the holidays, but this year, PYMNTS research shows, the additional cost of groceries alongside an increase in the number of consumers living on tight budgets is leading to supermarkets emerging as the season’s big winners. Where prior...
