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...
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...
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...
By most measures, Amazon and Walmart’s latest response to the economic crisis seems logical, if not inevitable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
LincTex Digital, a Chinese company that makes virtual try-on technology for fashion retailers, has raised $100 million in a new funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Walmart is launching two new augmented reality (AR) features for its app that can be used both in-store and online, designed to personalize shopping while making it easier, according to a company blog post Thursday (Jun 23). Get the Full Story Complete the form to...
Commerce relationships — including retail subscriptions, memberships and loyalty programs — are extremely popular with consumers. In fact, 79% of all consumers have at least one of these commerce relationships with merchants, and 17% have all three, according to “Relationship Commerce,” a PYMNTS and Ordergroove collaboration...
Today in retail, Amazon is working on a cheaper, smaller version of its Just Walk Out technology, and U.K. shoppers might soon be able to pay with biometrics. Plus, Ikea debuts AI-powered design tool Ikea Kreative, rising inflation makes customer loyalty even more important for...
They say revenge is a dish best served cold, but the revenge shopping trend of 2022 is heating up fast as millions make purchases they’ve been putting off, especially in categories like travel. Get the Full Story Complete the form to unlock this article and...
