The digital shift produced direct-to-consumer sales, the continued decline of malls/department stores and the accelerated growth of Amazon, Walmart and Target this year. In payment methods, consumers learned about new payment options and adopted them at a dramatic rate. And in investments, the U.S. market for initial public offerings had a banner year despite the pandemic...
Connected fitness product provider Peloton has moved to fix its manufacturing and order backlog challenge by buying Finland’s Precor. In the economy, chief financial officers (CFOs) participating in a survey are reasonably optimistic about next year. And, in business-to-business (B2B) payments, modernizations can help firms in...
CarMax’s Q3 earnings exhibited solid sales as the firm prepares for a push into the digital-first economy. In retail, the pandemic introduced much uncertainty into the sphere of loyalty and rewards in the past year as consumers’ shopping habits realigned and contracted to meet the...
Nike has long been developing a digital-first, direct-to-consumer (D2C) presence long before COVID-19 hit, and that investment paid off in the firm’s fiscal Q2. In investments, social media-focused attire reseller Poshmark recently filed for an initial public offering, hoping to catch an IPO wave that saw massive first-day increases for DoorDash and Airbnb. And...
Nordstrom is rolling out a same-day gift delivery service in New York City that will be available for orders placed by late afternoon. Meanwhile, Walmart and Amazon are jousting to the end in an effort to win holiday shoppers’ last-minute orders and get them delivered for Christmas. And in restaurant innovation, eateries have had...
Walmart is joining the livestreaming trend with TikTok as creators on the social platform will participate in a shoppable show. Meanwhile, eCommerce firm StockX landed funding that it plans to use to grow its product category and get into new markets. In the digital shift, consumers are using several channels to purchase their groceries, while...
Best Buy is modifying some store formats and delivery functions to contend with eCommerce orders and a dramatic rise in curbside pickup amid the accelerated arrival of the digital-first economy. In auto sales, CarLotz, Inc., a consignment-to-retail used vehicle marketplace, reported a large increase in contribution margin per unit....
Pharmacies inside of Meijer are getting ready for an extensive vaccine administration effort, but the willingness of consumers to receive a vaccine is hardly universal. In disbursements, tough economic realities have forced many U.S. consumers to depend on financial relief, but antiquated disbursement methods can provide financial and logistical challenges for state and...
Online grocery shopping isn’t a completely new phenomenon, but the pandemic period has sped up its progress. Grocery has truly turned into a multichannel shopping journey this year, as consumers have migrated to harnessing multiple purchasing channels to buy supermarket items. In recurring payments, subscription services are taking off amid the...
