Retail

Retail
Walmart Bets On Delivery Network In Latest Expansion Of Third-Party Services
August 24, 2021

Just a week after an earnings report that exemplified Walmart’s omnichannel successes, the company is placing a big bet that its delivery network can outshine other last-mile options available to retailers and merchants, including the delivery services of rival Amazon, as it looks for ways...

Retail
Macy’s Play With Toys R Us Could Be Building Blocks To Digital Marketplace
August 24, 2021

While many industry watchers saw Macy’s partnership with Toys R Us as a category expansion that will help the omnichannel retailer bring more customers online and in-store — which it likely will — the collaboration may also be a big first step toward challenging Amazon,...

Retail
Perfect Corp. Pairs With Avon On AR- And AI-Based Sales
August 24, 2021

Beauty tech solutions provider Perfect Corp. on Tuesday (Aug. 24) announced a partnership with Avon México that will integrate augmented reality (AR) and artificial intelligence (AI) through facial analysis technology in its YouCam Makeup app for more personalized consumer shopping experiences. Get the Full Story...

Retail
Best Buy Reports Record Q2 Results, Plans Nationwide Rollout Of Membership Program
August 24, 2021

Best Buy’s domestic online sales dropped more than 28 percent in the second quarter after a 242 percent jump the previous year, but the company on Tuesday (Aug. 24) reported increases in its enterprise revenue, domestic revenue and international revenue. Get the Full Story Complete...

Retail
Urban Outfitters Enters Secondhand Market With Thrift Store App
August 24, 2021

Urban Outfitters Inc. is launching the Nuuly Thrift app for secondhand goods, the company said Tuesday (Aug. 24), initiating an online resale marketplace for clothes customers no longer want. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Today In Retail: Target To Add More Disney Shops To Stores; Francesca’s CEO Says Traditional...
August 23, 2021

In today’s top retail news, Target is expanding its partnership with Disney to add more than 160 new shop-in-shops across the U.S., and Francesca’s CEO Andrew Clarke tells PYMNTS “there is no playbook” for retailers post-pandemic. Also, Chinese eCommerce giant JD.com is seeing a jump...

Retail
JD.com Sees Massive Jumps In Revenue As China Remains Locked Down
August 23, 2021

Chinese supply chain-based technology and service company JD.com, Inc. on Monday (Aug. 23) reported $39.3 billion (253.8 billion yuan) in net revenue for the second quarter of 2021, up 26.2 percent from the previous year, and net service revenues of $5.3 billion (34.1 billion yuan),...

Retail
Brand Aggregators, Accelerators Look To Institutionalize Digital Marketplaces
August 23, 2021

As consumers increasingly turn to eCommerce and as consumer packaged goods (CPG) brands look to make more direct connections with their customers, many have turned to direct-to-consumer (D2C) channels to cultivate trust and gain better insight into who buys their products. Get the Full Story...

Retail
Francesca’s CEO Says ‘No Playbook’ Is New Normal For Retail
August 23, 2021

Francesca’s CEO Andrew Clarke told PYMNTS that the traditional seasonality and calendar mindset of what a customer wants at a particular time of year “has been completely upended.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...