Walmart registered mixed results for its last financial quarter, while the retailer said it was going to bolster and accelerate investment in important digital areas. In brick-and-mortar retail, Batteries Plus plans to grow its physical presence with a number of new stores this year. And in banking, credit union members are less interested...
eCommerce platform Shopify registered better-than-expected financial results amid growth in its subscription revenue and gross merchandise volume (GMV). In the economy, retail sales surged in January after consecutive months of falling sales, while in payment methods, automatic debit payments can help utility providers bolster cash flows as well as collections. And in digital...
The pandemic has presented CVS with a number of challenges and opportunities, but the retailer says that its multi-pronged response to the health crisis has helped it grow sales and new customer relationships. In marketing, merchants are attracting trend-seeking consumers with product drops and sales events for promotions. And in dining, the...
Digital automotive marketplace CarGurus reported in its recent financial results that its revenues have almost completely recovered to pre-pandemic levels, while consumer goods company Newell Brands said that many of its business units in each major region increased core sales last quarter. And in retail marketing, more retailers are looking to companies...
DICK’S Sporting Goods is doubling down on the omnichannel interdependence of its in-store and digital businesses, as it plans to add new locations to its footprint this month. In automotive retail, BMW and Audi recently announced that they are calling it quits on subscription offerings for the time being, while in retail technology, Verizon and Deloitte have revealed...
Discount grocery retailer ALDI plans to expand its store count this year, with expansion focused on California, Arizona, Florida and the Northeast. In eCommerce, Seattle-based headless commerce startup Fabric, which enables scalable and tailored digital commerce, has landed funding in a round headed up by Norwest Venture Partners. And in loans, short-term lending shows promise...
Hasbro said that its gaming and entertainment units fueled sales last quarter, as homebound shoppers in the U.S. and Canada purchased more games to keep children occupied during COVID-related shutdowns and limitations. In retail, managing a Valentine’s Day-triggered rise in demand will be particularly difficult for florists this...
The Kroger Co. family of companies said it would provide a one-time payment to workers who take the “full manufacturer-recommended doses” of the coronavirus vaccine. In the economy, total U.S. retail sales grew in January, while in real estate, HousingAnywhere is seeking a big growth year and is looking to turn its digital rental marketplace into a...
Amazon is reportedly closing in on Walmart’s lead in auto parts, one of the last segments where the latter retailer enjoys a lead besides food. In warehouse club retail, stimulus checks have bolstered January same-store sales at Costco, which recently reported January sales data. And in dining, subscription-based restaurant delivery service Club Feast recently experienced...
