Luxury brands in Europe and the U.S. are looking forward to a robust 2022 following 18 months of strong sales, even in the midst of the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Recognizing that rent payments can take on various forms, Indian digital payments startup Paytm has broadened its rent payment services to encompass new categories such as auto and furniture rentals, wedding venues, catering and décor, in addition to guesthouse rentals, the company announced in a...
U.K. fashion retailer Boohoo on Thursday (Dec. 16) downgraded its profit and sales growth projections for the second time in 2021, saying that supply chain snafus, inflation and higher-than-expected return rates are to blame for the drop, according to a Financial Times report. Get the...
Organized retail crime is running rampant in the run-up to Christmas. As captured on smartphones and closed-circuit video cameras across the U.S. and splashed all over social media, thieves have increasingly taken to smash-and-grab raid tactics. They’re looting stores through their windows and brazenly wheeling...
Buy now, pay later (BNPL) platform Affirm on Thursday (Dec. 16) announced it has partnered with arts and crafts retail chain Michaels to allow customers to pay for their supplies over time if they prefer. Get the Full Story Complete the form to unlock this...
The majority of consumers shop both in-person and virtually. According to PYMNTS data, 88% of consumers make an in-store purchase daily, weekly or monthly. Sixty-three percent say they do so via an online marketplace like Amazon. Additionally, more than half of consumers – 52% –...
Lowe’s had a disappointing sales outlook for investors this week, with the company bringing up concerns that the pandemic’s increase in DIY projects is now tapering off, CNBC writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Neiman Marcus could split into three different businesses as part of a corporate restructuring that would separate its website from its brick-and-mortar stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The latest reading on retail sales numbers show that the Grinch is creeping into the room — in the form of inflation — threatening to upend the holiday spending that so many retailers have been banking on. Get the Full Story Complete the form to...
