Used car retailer CarMax, Inc.’s retail and wholesale sales shot up almost 30% in the third quarter of fiscal 2022, largely because of increased consumer demand for buying their vehicles online as well as improved inventory and staffing levels and better vehicle sources from consumers....
Retail and logistics technology platform Optoro, Inc. on Wednesday (Dec. 22) closed a $25 million strategic funding round led by enterprise solution platform Zebra Technologies Corporation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
If the last 20-plus months have taught us anything, it’s to expect technological change to be faster and more profound than before, with payments connecting almost all of it somehow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
What if retailers could make judgments — at a glance, if you will — just by where you looked while you shopped? The truth is, eye tracking already exists and is being leveraged to learn about what someone looks at and why, to get a...
Forget about faux fur, puffy vests or warm woolen knits; the most fashionable trend at department stores this holiday season has nothing to do with garments, but everything to do with looking good. This comes as the great department store digital spin-off trend resembles the...
After losing to Instacart at the aggregator game, Amazon has pivoted to first-party grocery sales with the rapid expansion of its Fresh brand. On Thursday (Dec. 16), the retail giant opened its tenth Amazon Fresh store in California, the Orange County Register reported. The locations...
In the face of today’s labor challenges, grocers are increasingly embracing self-service technologies to maximize efficiency every step of the way. Take Ahold Delhaize’s subsidiary The GIANT Company, for instance, which announced on Thursday (Dec. 16) that it is adding a small-format store equipped with...
Rite Aid Corporation shares were up almost 20% early on Tuesday (Dec. 21) after the company announced it has kicked off a plan to close at least 63 stores across the U.S., a move focused on reducing costs and increasing profitability as much as $25...
Computer programs known across the retail landscape as ‘Grinch bots’ are further complicating the supply chain snags across the U.S. and around the world as the bots buy the most wanted holiday gifts in mere moments with a single click, Financial Times reported Tuesday (Dec....
