Retail

Retail
60% of Merchants Enable Digital Profiles for Consumers
February 23, 2022

The number of merchants offering three cross-channel-capable features increased between 2020 and 2021, according to The 2022 Global Digital Shopping Index, a PYMNTS and Cybersource collaboration based on a survey of 13,114 consumers and 3,100 merchants across six countries. Get the Full Story Complete the...

Retail
Today in Retail: Home Improvement Remains Strong; TJX Overcomes Pandemic-Related Obstacles in Q4
February 23, 2022

Today in retail, Target is testing curbside returns and Starbucks order delivery, while Overstock’s stock price surges after the company’s blockchain-based trading platform gets an investment from Intercontinental Exchange. Plus, one man’s furniture trash is another person’s furniture treasure, and big retailers believe an omnichannel...

Retail
Overstock Soars After Embattled eTailer Reports Market Share and Profit Gains
February 23, 2022

eCommerce retailer and technology company Overstock.com Inc.’s stock price surged almost 25% in early trading Wednesday (Feb. 23) after the company reported the results of its fiscal 2021 fourth quarter and full year. Get the Full Story Complete the form to unlock this article and...

Retail
Lowe’s Rolls Out Solid Home Improvement Forecast
February 23, 2022

Lowe’s fiscal 2021 fourth-quarter earnings reflect optimism about the home improvement sector and consumers’ willingness to continue doing it themselves, even as the restrictions related to the COVID-19 pandemic continue to ease, according to the company’s announcement Wednesday (Feb. 23). Get the Full Story Complete...

Retail
Retail Sustainability Trend Goes From Resale to Refuse With Furniture Made From Trash
February 23, 2022

It’s been said that “one person’s trash is another’s treasure,” and a New York furniture maker is literally bringing that old saw to life, while looking to tap unprecedented consumer demand for sustainable, reusable products that cut waste and reduce stress on the environment. Get...

Retail
TJX FY22 Optimism Dampened by Stock Price Drop
February 23, 2022

Discount apparel and home goods retailer The TJX Companies missed analysts’ expectations in its fiscal 2022 fourth-quarter and full-year earnings, in part because of the spread of the omicron variant of the COVID-19 pandemic causing store closures, according to the company’s announcement Wednesday (Feb. 23)....

Retail
Home Depot, Macy’s, Walmart Push Omnichannel Integration of in-Store and Online Retail
February 23, 2022

Simply put, the past three months have not been pretty for many of the nation’s major retailers, with the S&P Retail Industry Index (XRT) falling nearly 30% since its mid-November peak. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Target to Test Curbside Returns, Starbucks Orders
February 23, 2022

Target will begin giving customers the option of adding a Starbucks order or making a return while using the retailer’s contactless curbside service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Today in Retail: Walmart Launches Spring Lines; Home Depot Celebrates Its Economic Agility
February 22, 2022

Today in retail, Macy’s has decided not to separate its eCommerce operations, while Walmart is adding more livestreamed content. Plus, Dillard’s is replacing a pair of retail locations with two that better reflect today’s retail realities. Get the Full Story Complete the form to unlock...