Retail

Retail
The Consumer Convenience Mandate: Why Kiosks Should Not Be Grocers’ Only Innovations
February 08, 2023

If consumers’ feelings are any indication, the immediate cost-cutting benefits grocers can receive from reduced personnel may be better spent on loyalty-focused innovations. Traditional brick-and-mortar grocery stores are having an especially tough time these days, feeling the weight of consumer inflation concerns that drove disappointing December grocery sales. Adding...

Retail
Under Armour Extends 4-Month 90% Rally as New Management Drives Change
February 08, 2023

Under Armour’s stock has risen 90% in the months since announcing a leadership change. Now, the athleticwear maker is hoping to continue that success, with a new president and CEO helping lead the brand’s efforts to engage consumers this year, company officials said during  an...

Retail
North Face Parent VF Corp Mulls Asset Sales, Sharper Focus as Vans Slumps
February 08, 2023

Innovation and a better shopping experience are on the agenda for the Vans brand. These targets are being pursued after the action sports footwear and apparel brand saw a 13% decline in revenue while parent company VF Corp. saw a 3% dip during the quarter...

Retail
Wolverine Sells Keds to DSW Parent Designer Brands
February 08, 2023

Footwear company Wolverine Worldwide has sold its Keds line to shore store chain Designer Brands. The deal, announced Wednesday (Feb. 8), allows Wolverine to streamline its portfolio, while helping Designer Brands (DBI) in its strategy of increasing sales through its own brands. In addition to...

Retail
Wegmans Replaces Scan-and-Go With Smart Cart Pilot Amid Self-Service Push
February 07, 2023

Wegmans is not done with pay-as-you-go self-service yet; now, the retailer is testing smart carts. The Rochester, N.Y.-based regional supermarket chain, which includes 110 East Coast locations, is testing out smart carts at two New York State locations, the retailer confirmed to PYMNTS via email....

Retail
Valvoline Looks to Double Retail Locations as Vehicle Maintenance Surges
February 07, 2023

Valvoline is seeing strong demand for quick and convenient oil changes and other automotive services. The preventative vehicle maintenance provider saw its system-wide same-store sales increase 11.9% during the quarter ended Dec. 31, and it’s continuing to add locations across the country, according to a...

Retail
Movado’s Digital Transformation Drives 10x Increase in Online Sales
February 07, 2023

Moving a classic fashion brand into a digital-first world has its challenges, so famed watchmaker Movado Group has kept a tight focus on its core while undergoing a digital transformation. Movado Group President of Commercial, Chief Digital Officer and Chief Technology Officer Behzad Soltani told...

Retail
Simon Property Swaps Eddie Bauer for Larger Stake in Authentic Brands Group
February 07, 2023

Simon Property has traded Eddie Bauer for a bigger piece of Authentic Brands. The CEO of America’s largest mall owner made the announcement Monday (Feb. 6) as the company released its quarterly earnings. Those earnings saw “a net gain of $0.25 per share, principally from...

Retail
Pickup Gets Boost in the US, With India and Brazil Posting Curbside Pickup Gains
February 06, 2023

As physical retail roared back to life in 2022, in-store pickup of items ordered online saw commensurate growth, showing the strong consumer affinity for in-store experiences. This is among the important findings from the “2023 Global Digital Shopping Index” (GDSI), a PYMNTS and Cybersource collaboration...