Artificial intelligence (AI)-powered personal styling site Stitch Fix continues to struggle to retain existing customers and captivate new ones, leading the company to slash about 4% of its workforce during the third quarter of fiscal year 2022, the company said in a company press release....
After a year of sparse shelves, rampant out-of-stocks and a strained holiday season that saw seasonal sales pulled back to Halloween, it is understandable that the nation’s leading retailers would want to load up on merchandise early to not be caught short. Get the Full...
Today is Friday, June 10, and banks are happy that people are finally using credit cards again and letting the balances rack up interest. But with record-high inflation, gas at $5 per gallon, and runaway prices for food, housing and just about everything, it could...
Today in retail, 60% of UAE shoppers use their smartphones while shopping in stores, and Amazon is expanding its Luxury division to five European countries. Plus, Five Below is ready to capitalize on other retailers being bumped from the market, Target is leaning on grocery...
At a time when more consumers are living paycheck to paycheck and belt-tightening is putting a dent on discretionary spending, Amazon is looking to tap into the resilience of high-end consumers by expanding its 2-year-old Luxury division to the five wealthiest nations in Europe. Get...
An increase in social events and travel and the rise of more casual workplaces spelled good news this quarter for Oxford Industries, parent company of lifestyle brands Tommy Bahama and Lilly Pulitzer. Get the Full Story Complete the form to unlock this article and enjoy...
Sandwiched between aggressive, deep discount rivals like Dollar Tree, Dollar General and Ollie’s on one side, and increasingly cash-strapped consumers on the other, Philly-based Five Below says it is forging ahead with its “Triple-Double” growth plan that will triple its store count to 3,500 while...
Walmart has made its selections for its Open Call, its largest sourcing event, the company announced in a Wednesday (June 8) news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Today in retail, Uber Eats launches a nationwide food delivery offering, while Ollie’s Bargain Outlet expects to see a retail “trade-down” in the next three to six months. Plus, The RealReal is looking for a new leader after founder Julie Wainwright steps down, and Blue...
