Last year, Q4 eCommerce sales at Walmart US grew 69%. This year, they rose just 1%. Although CEO Doug McMillon told investors Thursday (Feb 17) that Walmart was an “increasingly digital” omnichannel business, this stalled eCommerce sales progress in the face of myriad changes and...
At Home, a home décor superstore, is opening six new locations this month, bringing its total store count to 241, according to a Thursday (Feb. 17) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
One of the country’s leading retail landlords says tenants and customers are returning to more of the activities they were doing before the COVID-19 pandemic began ripping around the world almost two years ago — including shopping. Get the Full Story Complete the form to...
Allbirds, an eco-friendly clothing and shoe brand, debuted its Allbirds ReRun resale platform Thursday (Feb. 17), a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Today in retail, Walmart’s business model is becoming increasingly digital, while Crocs is putting more emphasis on the digital segment of the business. Plus, Gucci parent company Kering seeing massive growth in the company’s online segment. Get the Full Story Complete the form to unlock...
It’s been said that “change is the only constant,” and that axiom is as true for the retail industry as it is for Walmart — the operator of over 10,000 stores worldwide and a fast-growing eCommerce business. Get the Full Story Complete the form to...
With many people still working from home for the foreseeable future, some have been taking advantage of the time to remodel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Online sales for Gucci parent company Kering were up 55% in 2021, a key driver in the company’s overall upward trend across its earnings results, according to a Thursday (Feb. 17) press release, which showed the company’s online penetration rates doubled since 2019 and are...
Activist investor Alta Fox Capital Management wants play and entertainment company Hasbro Inc. to make its Wizards of the Coast unit a separate entity and add five new board members as part of an overhaul to its business strategy. Get the Full Story Complete the...
