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...
As retailers’ supply chain challenges continue with no end in sight, Minneapolis-based big box department store chain Target is turning its focus to grocery prioritize its strongest channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Extreme value retailer Ollie’s Bargain Outlet said Wednesday (June 8) that an expected consumer trade-down to deep discount stores had not meaningfully materialized yet but predicted that would soon change due to the impact of record high gasoline prices and swelling inventories at “Big Box”...
Global clothing retailer Inditex, the parent company of Zara, saw “a significant rebound in traffic” to its stores worldwide in the first quarter of fiscal 2022 from Feb. 1 through April 30 while online sales dropped. However, the company says it’s still confident it will...
