Retail

Retail
Trip.com Reports 270% Spike in Airline Bookings
June 28, 2022

Chinese travel site Trip.com saw a 270% increase in air travel bookings in the past year as European and Asia Pacific countries lifted their COVID-19 restrictions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Retailers Brace for Fresh Supply Chain Disruption From West Coast Ports
June 27, 2022

By the end of this week, 20,000 dock workers spread across 29 different West Coast shipping ports will either have a new contract or not.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Foot Locker to Sell Eastbay Brand to BSN Sports
June 27, 2022

Sporting goods and apparel company BSN Sports is set to acquire high school and college athletic wear provider Eastbay Team Sales from Foot Locker, the company announced in a press release Monday (June 27).Terms were not disclosed. Get the Full Story Complete the form to...

Retail
Complaint: Australian Retailers Using ‘Intrusive’ Facial Recognition
June 27, 2022

A consumer advocacy group says three of Australia’s largest retailers are using “unreasonably intrusive” facial recognition technology on their shoppers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Mars Wants to Turn M&Ms into NFTs
June 24, 2022

Candymaker Mars Inc. has filed for an NFT trademark for its M&M brand, the latest food company hoping to bring its product into the metaverse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Today in Retail: FedEx Sees Growth in eCommerce; CarMax Ups Customer Capabilities
June 24, 2022

Today in retail, U.S. senators are trying again to get support for Payment Choice Act, while H&M closes its Shanghai, China, flagship location amid supply chain issues and backlash over lack of Xinjiang cotton use. Plus, Amazon and Walmart lean on high-tech solution as recession...

Retail
What Recession? FedEx Sees eCommerce Leading Growth
June 24, 2022

After closing out a record fourth quarter and fiscal full year, FedEx turned its sights on the year to come, telling investors that it does not foresee a recession but is expecting low single-digit volume growth in package deliveries led by continued outperformance of its...

Retail
Lockdowns, Consumer Backlash Force H&M to Close Shanghai Flagship
June 24, 2022

Fashion retailer H&M has closed its Shanghai, China store, the latest move in that nation after consumer demand is flagging as the country has just begun to lift restrictions related to the COVID-19 pandemic and shoppers are fighting back against companies that won’t use Xinjiang...

Retail
CarMax Empowers Customers with Self-Progression Capabilities
June 24, 2022

At a time when the auto retail market has been getting hammered by rising interest rates and fuel costs, used auto retailer CarMax has put more of the power in the hands of its growing customer base in the first quarter of fiscal 2023, the...