Mastercard is offering a sunny forecast for Black Friday, with its SpendingPulse report projecting a 15% growth in retail sales on the day after Thanksgiving. “Expect Black Friday shopping to be in full force across channels this year,” Steve Sadove, senior adviser for Mastercard and former CEO and Chairman...
At a time when retailers are competing aggressively on price to drive sagging sales, the need to limit returns via virtual try-on tools and tougher sales policies is expected to rise. Even before the inflation-driven clampdown on spending, free shipping and returns were becoming too...
The country’s largest retail chain said Tuesday that its efforts to reduce inventory were paying off thanks in part to an increase in customers seeking price relief in the face of high inflation — especially more affluent households. For the three months that ended Oct....
Despite inflation, supply chain snags and a tight labor market, Home Depot enjoyed an increase in sales in its third quarter due to continued demand for home improvement projects. “Our customer has remained resilient and engaged,” CEO Ted Decker said during an earnings call Tuesday...
Aiming to collaborate on the development of new digital tools, automotive retailer AutoNation has acquired a 6.1% minority ownership stake in automotive digital marketplace TrueCar. The acquisition will enable the companies to collaborate on providing new ways to improve the experience of buying and selling...
Amazon is deepening its healthcare offerings with the launch of Amazon Clinic, a virtual care service that offers treatment for common health ailments. Announced in a Tuesday (Nov. 15) press release, the service marks a continuation of the retailer’s push into the healthcare field, where...
California-based brick-and-mortar analytics firm RetailNext said it has acquired U.K. rival Retail Performance from market research company Ipsos, in a bid to boost its foot-traffic-monitoring platform in Europe and Asia. According to a Monday (Nov. 14) press release, RetailNext characterized the deal as a strategic...
Born of pandemic necessity and a graying U.S. population, remote patient monitoring (RPM) is breaking out all over, as its growth potential draws in retailers such as Best Buy and Big Tech stalwarts like Google in a shift that is seeing outside players aggressively moving...
Buy now, pay later (BNPL) provider Klarna has expanded the availability of the search and compare tool within its app to the United Kingdom, Sweden and Denmark, following the launch of the tool in the United States in October. The new feature, which helps consumers...
