Saks Fifth Avenue is now offering its luxury personal shopping and styling service at resorts. Previously offered only in the luxury retailer’s own stores, the Fifth Avenue Club is now available in private suites at select Marriott International’s The Ritz-Carlton and St. Regis Hotels & Resorts and other luxury resorts, Saks Fifth Avenue...
Shopify has launched a new rewards program for users of Shop Pay in the United States. The new Shop Cash program gives customers making eligible purchases 1% back in rewards that can be redeemed on the company’s Shop app, Shopify said in a Friday (June...
Chewy stock experienced its most significant surge in nearly four years following the pet-products retailer’s sales performance that surpassed expectations. The company’s stock received a boost from the success of its recurring-purchase program. Chewy CEO Sumit Singh said in a Wednesday (May 31) earnings release that net...
Earlier, PYMNTS reported that the summer of markdowns is here as Macy’s (along with Dollar General) struggled with declining consumer demand. The retailer has now revised its annual sales and profit forecasts downward, citing a deceleration in demand caused by inflation as the primary factor....
As many brands race to become as digitally available as possible, Trader Joe’s is going the opposite route, leaning into its lack of eCommerce presence to set the shopping experience apart. On a recent episode of the grocery chain’s podcast, Inside Trader Joe’s, the company spoke...
The Telos Foundation has teamed with GameStop to help mainstream Web3-based gaming. The collaboration lets the Telos blockchain access game distribution through GameStop Playr, the company’s planned Web3 game launcher, the Telos Foundation said in a Thursday (June 1) news release. “This collaboration signifies a meaningful...
eBay has begun authenticating streetwear as part of its push into the luxury market. Beginning Thursday (June 1), the online marketplace will include streetwear along with sneakers, watches, jewelry, handbags and trading cards in its authentication program, according to a Thursday press release. “eBay has...
In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven itself resilient by posting a surprise quarterly profit and surpassing revenue estimates. The company’s turnout was attributed to improved inventory...
Petco, where the pets go. That’s the motto the specialty retailer aims to bring to its latest retail development: Petco’s flagship store in Union Square in New York City. The store is open and located at the corner of 17th and Park, at 44 Union...
