Layaway — the system where a merchant holds an item aside for a consumer, usually for a small fee and a deposit, until the consumer finishes making installment payments on the item — was an invention of the 1930s, created by retailers to ensure that...
Thanksgiving will see as many as 164 million shoppers spending their way through the holiday weekend and into Cyber Monday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Chinese tech giant Xiaomi plans to have 5,000 of its stores open in India by the end of 2019. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
A new survey has found that most people plan to begin their holiday shopping well before their turkey dinner — 7:16 a.m. EST on Thanksgiving Day to be exact. According to Groupon‘s second annual Black Friday shopping trends survey, the new early morning time is more than eight hours...
U.S. consumers increased their online shopping by nearly 17 percent before Black Friday, according to new data published by Adobe Analytics this week. Online shopping spend topped $31.9 billion in the first 20 days of November, including the first “$2 billion day of the season,” analysts...
Before the dawn of 3D smartphone technology, it wasn’t easy for startups to create a customized product — and market it to a consumer. When the founders of King Children wanted to create eyewear to fit the custom needs of shoppers, for instance, they faced...
With a strong digital platform supporting its brands, The Gap, Inc. had slightly better-than-expected results for the third quarter. The retailer reported earnings per share of 69 cents and revenues of $4.1 billion compared to analysts’ estimates of 68 cents and $4 billion. Get the...
U.S. retail stocks took a beating in trading Tuesday (November 20), with the group losing around $50 billion in value as a lackluster earnings season raised more concerns about the impact Amazon is having on traditional retailers. Get the Full Story Complete the form to...
Blue Apron has indefinitely stopped its pilot program with Costco, just a few months after it launched. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
