Retail

Retail
Today in Retail: Amazon Adds New Gifting Tool; Chip Shortage Drags Down Auto Sales
October 04, 2021

In today’s top retail news, Amazon is making it easier for shoppers to give gifts without knowing the recipient’s address, and the months-long semiconductor chip shortage continues to hurt motor vehicle sales. Also, gasoline delivery could be the next service to join the on-demand economy,...

Retail
Dollar Tree Increases Price Point Due to Prolonged Supply Chain Issues
October 04, 2021

When Dollar Tree last week said it would begin rolling out price points above $1 on more items, executives said it was meant to help the retailer introduce new products and meet more customer needs — which, in today’s reality, means the buck isn’t strong...

Retail
Nordstrom Adds Cuvée Beauty Haircare Products
October 04, 2021

Luxury haircare brand Cuvée Beauty on Monday (Oct. 4) said it has signed a retail distribution deal that will bring its “low-maintenance” products into all Nordstrom stores across the U.S. and to the high-end fashion retailer’s website. Get the Full Story Complete the form to...

Retail
Amazon Adds Address-Free Gifting Feature Ahead of Holidays
October 04, 2021

Amazon on Monday (Oct. 4) debuted a new feature that will allow U.S. Prime subscribers to send gifts to friends and family members without knowing their addresses, instead relying on mobile phone numbers or email addresses to help with delivery. Get the Full Story Complete...

Retail
Semiconductor Chip Shortage Limits Auto Sales in Q3
October 03, 2021

New vehicle sales dropped in the third quarter due to ongoing supply chain issues and a shortage of semiconductor chips, CNN Business reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Walmart Launches Free Assembly Kids Clothing Line
October 03, 2021

Walmart on Friday (Oct. 1) announced that it’s launching the Free Assembly Kids collection, a little more than a year after rolling out the affordable apparel line for men and women that includes Scoop, Sofia Jeans by Sofia Vergara and ELOQUII Elements. Get the Full...

Retail
Today In Retail: Consumer Spending Up in August; Neiman Marcus Data Breach Hits 4.6M Customers
October 01, 2021

In today’s top retail news, personal spending was up slightly in August despite concerns about the delta variant, while most brands have yet to take advantage of the new ability to partner with college athletes. Also, Neiman Marcus has disclosed that a data hack dating...

Retail
Patchwork NIL Rules Leave Many Brands Sitting on Sidelines
October 01, 2021

For decades, college athletes were barred from profiting from their name, image or likeness (NIL) by rules imposed by the NCAA despite many becoming household names and moving onto professional teams. But an interim policy change over the summer opened the door for students to...

Retail
Nuvemshop Acquires SMB eCommerce Platform Mandaê
October 01, 2021

Latin American eCommerce platform Nuvemshop said on Friday (Oct. 1) that it plans to acquire the Brazil-based company Mandaê, a logistics platform for small and medium-sized businesses (SMBs), in order to support its more than 90,000 sellers. Get the Full Story Complete the form to...