Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. In-person shopping beats online in how often consumers shop at the world’s largest two retailers, as consumers turn to Walmart for groceries and Amazon for less frequent but more...
While Nike may have rekindled its relationships with wholesale partners Macy’s and DSW, the apparel and footwear giant isn’t looking to go full throttle on wholesale, unless consumers want it. Well, maybe. Let’s dig into that. Earlier this month PYMNTS reported that Nike would be reversing...
During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs. Pharmacy sales rose 3.4% year over year, fueled by the demand for Ozempic and other GLP-1 receptor agonists. These medications are prescribed...
Shein has denied a media report that it has registered for an initial public offering (IPO) in New York. Reuters reported Thursday (June 29) that the fast-fashion retailer has confidentially submitted its registration with the Securities and Exchange Commission (SEC) and that its IPO could...
Skims, a brand created by Kim Kardashian that specializes in underwear, loungewear and shapewear, is gearing up to establish its inaugural permanent stores in the coming year, as part of its expansion into both domestic and international retail markets. Its flagship store in Los Angeles...
A shaky economic landscape is no match for parents determined to discover back-to-school shopping bargains. That’s according to research released this week by commercial real estate/investment management firm JLL, showing that parents are projected to increase their spending on back-to-school items by 15.7% over last...
The story of the cautious consumer continues as Walgreens reflects on its latest quarterly earnings. On Tuesday (June 27), after the company issued a warning that its profits are projected to fall below initial expectations, the stock of Walgreens Boots Alliance plummeted. The decline was...
Germany’s Zalando is considered Europe’s largest online fashion retailer. But is it a “very large online platform”? That’s now a matter for the courts. Zalando announced Tuesday (June 27) it had filed suit in the European Union’s Court of Justice, disputing its designation under the...
A new law aims to tackle organized retail theft and the trade of counterfeit and hazardous items on digital platforms. The Integrity, Notification and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — went into effect Tuesday (June 27). Under the...
