The letter “x” has been hot in the retail industry. It’s become a small but mighty letter that signifies a partnership between two brands, like the infamous Kardashian-born partnership, Fendi x Skims. Get the Full Story Complete the form to unlock this article and enjoy...
The average return costs retailers two-thirds of the original price (ouch!). This is because of factors like labor, transportation and warehouse expenses – all invisible to the consumer (minus a package’s tracking information, perhaps). The price of this is astronomical: Over $66 billion in product...
Levi Strauss & Co.’s Chief Strategy and AI Officer Katia Walsh on Friday (Dec. 17) noted that its Google Cloud-based data collection portal, which uses artificial intelligence (AI) and includes inventory and sales information, has transformed the entire company, The Wall Street Journal reports. Get...
Right in the middle of the busiest week of the peak holiday shopping season, the nation’s top two retail rivals showed an amazing — if not bold — ability to multitask this week, taking on a range of new projects and refining existing processes while...
If you’re sitting in a chair as you read this sentence, consider this question: What will happen to the chair when you no longer need or want it? It will likely end up in the garbage – unless you choose to upcycle, donate or sell...
At a time of unprecedented connectivity, consumer messaging matters more than ever and retailers are taking notice. 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...
Luxury brands in Europe and the U.S. are looking forward to a robust 2022 following 18 months of strong sales, even in the midst of the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Recognizing that rent payments can take on various forms, Indian digital payments startup Paytm has broadened its rent payment services to encompass new categories such as auto and furniture rentals, wedding venues, catering and décor, in addition to guesthouse rentals, the company announced in a...
U.K. fashion retailer Boohoo on Thursday (Dec. 16) downgraded its profit and sales growth projections for the second time in 2021, saying that supply chain snafus, inflation and higher-than-expected return rates are to blame for the drop, according to a Financial Times report. Get the...
