Retail

Retail
Grocery Roundup: Kroger Expands Virtual Food Court Partnership; Aldi Opens Frictionless Store
July 21, 2022

As grocers look to win consumers’ loyalty, many are seeking to meet a greater share of their shoppers’ food needs, offering not only raw ingredients but also restaurant-made meals. The Kroger Co., for its part, the United States’ largest pure-play grocer, announced Monday (July 18)...

Retail
Tractor Supply’s Record Q2 Reflects Price Hikes, Growth of ‘Needs-Based Merchandise’
July 21, 2022

Pointing to a combination of price increases, growing consumer demand for “needs-based consumable merchandise,” and its strongest-ever eCommerce sales, rural lifestyle retailer Tractor Supply said Thursday (July 21) it had delivered record second-quarter results. Get the Full Story Complete the form to unlock this article...

Retail
AutoNation Feels Crunch of Rising Inflation Rates With Sales, Revenue Shifts
July 21, 2022

Vehicle retailer AutoNation is feeling the pinch from inflation and bracing for next week’s Federal Reserve decision to boost interest rates as much as a full point, according to its 2022 second-quarter earnings report released Thursday (July 21). Get the Full Story Complete the form...

Retail
Mattel, SpaceX Look to Rekindle Astronaut Era With New Line of Toys
July 21, 2022

Mattel has inked a multi-year deal with spacecraft engineering company SpaceX that will see the iconic toymaker launch products “that inspire children and collectors alike to tap into their inner space explorer,” according to the joint press release Tuesday (July 20). Get the Full Story...

Retail
Macy’s Adding Small-Format Market By Macy’s, Backstage Locations in Fall
July 20, 2022

Macy’s on Wednesday (July 20) announced it’s opening four small-format stores outside its traditional mall locations, including Market by Macy’s — which features curated fashion collections — and a combo Market by Macy’s and Macy’s Backstage discount retail location. Get the Full Story Complete the...

Retail
Flip Raises $60M at $500M Valuation to Expand Discovery eCommerce Platform
July 20, 2022

Discovery eCommerce startup Flip raised $60M in a Series B funding round that puts its valuation at $500 million as the company expands its social commerce platform and strengthens brand relationships.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Kroger Boosts ‘Home Chef’ Meal Prep As Restaurant Take Out, Delivery Slump
July 20, 2022

As skyrocketing food prices have cost-conscious consumers seeking lower-cost alternatives, The Kroger Co. is expanding the capacity of its ready-made meal and meal kit delivery business, Home Chef. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Wish, Collect+ Partner on Click and Collect Initiative
July 20, 2022

eCommerce marketplace Wish has teamed up with the United Kingdom’s largest retail parcel network, Collect+, to simplify and accelerate the pick up, delivery and return of packages nationwide, a Wish spokesperson told PYMNTS via email, in a deal that will more than double the company’s...

Retail
Will Klarna’s BNPL Pop-up Retail Store in LA Be an Oasis or a Mirage?
July 20, 2022

It’s being branded as a “Klarna Oasis,” a two-day pop-up store a few blocks off the Sunset Strip in West Hollywood that marks the embattled buy now, pay later (BNPL) FinTech’s first push into physical retail in the second largest city in the country. Get the Full...