Retail

Businesses Saying No to Unsupervised Teens
Retail
Businesses Saying No to Unsupervised Teens
May 28, 2023

The storied teenage tradition of the mall hangout could be coming to an end. 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 daily newsletter, PYMNTS...

Klarna Says Shoppers Want Recommendations Rather Than Search Results
Retail
Klarna Says Shoppers Want Recommendations Rather Than Search Results
May 26, 2023

Klarna aims to lead a shift in purchases from search to recommendations. 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 daily newsletter, PYMNTS Today. By...

Foot Locker Embraces Localization Strategy Through Small Concept Stores 
Retail
Foot Locker Embraces Localization Strategy Through Small Concept Stores 
May 26, 2023

Despite facing challenges in the first quarter due to changes in Foot Locker’s physical presence, brand assortment, digital initiatives, and omnichannel strategies, the retailer is using concept stores as experimental spaces to explore localization in a bid to make deeper customer connections.   Get the Full...

Ulta Beauty Reports Strong Sales Growth Despite Dealing With Retail Theft  
Retail
Ulta Beauty Reports Strong Sales Growth Despite Dealing With Retail Theft  
May 26, 2023

Ulta Beauty CEO Dave Kimbell shared the company’s first-quarter results on Thursday (May 25), highlighting a 12.3% increase in sales compared to the previous year. Same-store sales also experienced a positive growth of 9.3% over the previous year. Get the Full Story Complete the form...

Gen Z Leads Decline in Subscription Renewals
Retail
Gen Z Leads Decline in Subscription Renewals
May 26, 2023

Value may outweigh convenience when it comes to recurring subscriptions, as consumers seek any and all avenues to cut costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
Retail
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
May 25, 2023

Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. 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 daily newsletter, PYMNTS...

Report: Chanel Sees Slowdown in Luxury Sector Sales in US
Retail
Report: Chanel Sees Slowdown in Luxury Sector Sales in US
May 25, 2023

Chanel has reportedly seen a slowdown in the United States. 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 daily newsletter, PYMNTS Today. By completing this form,...

Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
Retail
Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
May 25, 2023

Consumers’ demand for more affordable quick meal solutions is sending them running to the freezer aisle, Dollar Tree CEO Rick Dreiling notes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Amazon Prime Raises the Bar for Grocery Memberships
Retail
Amazon Prime Raises the Bar for Grocery Memberships
May 25, 2023

As Amazon succeeds at whittling away at incumbent grocers’ shares of center-aisle purchases, smaller retailers are drawing inspiration. 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...