Despite being in operation for 12 years, The RealReal has yet to achieve profitability. However, other brands and retailers have observed the popularity of resale and are embracing it. This leads to the question of whether the efforts put into resale initiatives are truly worthwhile. ...
When consumers are shopping in stores in the post-pandemic age, they seek new checkout experiences that offer the same benefits they’ve grown accustomed to online. Kristjan Johannsson, general manager at LS Retail, told PYMNTS that unified point-of-sale (POS) technologies and software-as-a-service (SaaS) could help bring...
As consumers struggle with high prices, Walgreens is working to woo its loyalty program members. The pharmacy chain on Monday (July 10) announced “myW Days,” a weeklong event — July 23-29 — for members of its myWalgreens program offering rewards and savings on all items in-store, online and...
Amazon is offering Prime Day deals to draw shoppers to brick-and-mortar stores as well as its website. Both leading up to and during Prime Day, which begins Tuesday (July 11), Amazon Prime members are being offered discounts on in-store purchases of groceries and fashion items, Amazon said in a Thursday...
The story of consumer cutbacks on discretionary items, like apparel and beauty products, continues. But a new narrative is starting to emerge, as brands and retailers demonstrate a willingness to reevaluate their prices to align with changing consumer expectations. For example, Target’s quarterly earnings confirmed...
Walmart is letting parents shop for the 2023 school year at 2022 prices. “With 80% of customers expecting to spend more on supplies this year, …we’re excited to offer the school supply basket at the same prices as last year,” the retailer said in a news release last...
Hooking consumers with the privileges of subscription membership is worth offering trial giveaways for Amazon and Walmart. Ahead of July’s savings extravaganza, Amazon and Walmart are increasing free subscriptions or trial offers for their membership programs, Amazon Prime and Walmart+. With the intent of luring...
BigCommerce is adding new localization features to its Software-as-a-Service (SaaS) eCommerce platform. The upcoming features will allow global enterprise merchants to localize their checkout, merchandising, language and content, BigCommerce said in a Thursday (July 6) press release. “Language, currency and cultural differences should not be barriers to commerce, and...
TikTok has spent a week running a brick-and-mortar pop-up shop for brands and creators. The shop is not open to the public; instead, it is showing prospective merchants and creators how they can sell online via the social media platform, TikTok said in a Wednesday (July 5) press...
