Discount retailer Big Lots released its quarterly earnings Friday (May 27), showing a rise in eCommerce use but a decrease in sales as consumers wrestled with inflation and fuel prices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The ongoing supply chain hangups, increased inflation and remnants of the COVID-19 pandemic conspired to lead apparel retailer Gap Inc. — parent company of Old Navy, Banana Republic and Athleta — to fall short of its first-quarter earnings targets for the three months ending April...
Since its founding in 1976, it’s always been about the prices at Costco. 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 daily newsletter, PYMNTS Today....
Spending at department stores and discount chains has seen an upward trend from American shoppers, in spite of economic conditions, The Wall Street Journal wrote Thursday (May 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In 2020 and 2021, online grocery growth soared. Now, companies in the space are facing major roadblocks on both sides of the Atlantic, as soaring inflation and consumers’ return to their lives away from home impact sales. Get the Full Story Complete the form to...
Today in retail, frictionless commerce is changed for good by artificial intelligence and passive authentication, while 40% of grocery shoppers are likely to dump a merchant if they don’t trust them. Plus, dollar stores highlight value and convenience as inflation rises, grocers rely on upgraded...
Gamer-focused apparel brand Razer on Thursday (May 26) launched the Genesis and Unleashed fashion lines that are joining other previously released limited-edition collaborations with BAPE and Fossil, the company said in a press release. Get the Full Story Complete the form to unlock this article...
After a bruising month beneath the weight of disappointing earnings results and consumer concerns across the retail industry, the nation’s two largest chains of dollar stores — with a combined 35,000 locations between them — pushed back on that sinking narrative Thursday (May 26) with...
While many retailers are content with having their customers shop online for what they need, Macy’s says it’s happy to see its customers coming back to its brick-and-mortar locations as the effects of the COVID-19 pandemic continue to subside, particularly in the U.S. and most...
