Today in retail, Albertsons digital sales growth slows, while CarMax fails to reach earnings estimates. Plus, Sephora’s chief technology officer looks forward to the “checkout of the future,” Franchise Group shows interest in buying Kohl’s, inflation hits 8.5%, and eCommerce merchants balance seamless payments and...
Franchise Group Inc., which owns and operates retail stores including The Vitamin Shoppe and Buddy’s Home Furnishings, has submitted a $9 billion indicative offer for department store retail chain Kohl’s, three people familiar with the situation told Reuters Tuesday (April 12). Get the Full Story...
Compared to retailers, economists are lucky. 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. By completing this form, you agree to...
Today in retail, secondhand retailers eye branded partners, while retailers, find themselves at risk of rising interest rates. Plus, Asda tests personal shopper deployment with Buymie handling the deliveries, Kmart will be down to three U.S. locations by the end of the week, Walmart+ shoppers...
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In an industry that’s currently being pinched by pricing and held back by headwinds, a growing appetite is emerging among consumers and investors for something new and different that can serve as an antidote to the present gloom. Get the Full Story Complete the form...
Roughly a year and a half after launch, Walmart’s membership program, Walmart+, seems to be falling short of the key goals part of any commerce subscription plan: Getting consumers to spend more, and more often, each time they visit. Get the Full Story Complete the...
They have survived COVID, sidestepped the supply chain, and have — so far — been able to manage their way through a multigenerational bout of inflation. Now, as retailers face their fourth major economic test in the past 25 months, many of the same players...
Levi Strauss & Co. is hoping the brand power that’s allowed the company to raise prices while also increasing its digital and direct-to-consumer sales in the first quarter of fiscal 2022 will also work in East Asia Pacific, where the company is planning an expansion...
