In a landscape marked by economic uncertainty, Sally Beauty is witnessing an interesting shift in consumer spending patterns. During the third quarter, Sally Beauty announced that the inclusion of the Klarna buy now, pay later payment option has led to an increase in average order value, while...
In the realm of economics, few phenomena wield as much influence over consumer behavior as inflation. This relentless upward march of prices alters the very fabric of purchasing patterns, compelling consumers to reassess their spending priorities. While niche and unique products typically find favor among...
The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition and a challenging business environment for the decline. According to the company’s earnings call with analysts, it closed out Q2...
In the age of digital commerce, consumers have long been searching for more intuitive ways to discover and purchase products. One notable challenge in this process has been the gap between visual inspiration and product identification. Consumers often come across items they like in real...
Amazon is reportedly overhauling its grocery operations to compete on that front with rival Walmart. Changes on tap include updated stores, a warehouse automation pilot and offering fresh food delivery to non-Prime members, Bloomberg News reported Wednesday (Aug. 2). Meanwhile, Amazon will also merge its eCommerce grocery offerings — Whole...
Cosmetics maker Revlon has announced the appointment of Elizabeth “Liz” A. Smith as interim CEO of the company, effective Tuesday (Aug. 1). Smith takes over from Debra Perelman, who is stepping down from her role as president and CEO and board member, but will remain an advisor to the...
Facing pressure to improve their environmental record, clothing makers want to repair customers’ worn garments. It’s a trend PYMNTS has been following since last year and the subject of a Tuesday (Aug. 1) Wall Street Journal report on the fast-fashion sector’s repairs campaign. For example, Zara is set to...
When consumers don’t spend, retailers typically think to offer a discount. But discounts, as we all know, can become a slippery slope. What lengths will a luxury retailer go to get the “aspirational shopper” to continue to shop? The question arises due to the difference...
German footwear brand Birkenstock is reportedly getting set for a listing in the U.S. as soon as September. The brand’s owner, private equity firm L Catterton, which is backed by luxury French fashion house LVMH, is preparing to launch an initial public offering (IPO) with plans to...
