Organized retail crime is running rampant in the run-up to Christmas. As captured on smartphones and closed-circuit video cameras across the U.S. and splashed all over social media, thieves have increasingly taken to smash-and-grab raid tactics. They’re looting stores through their windows and brazenly wheeling...
Buy now, pay later (BNPL) platform Affirm on Thursday (Dec. 16) announced it has partnered with arts and crafts retail chain Michaels to allow customers to pay for their supplies over time if they prefer. Get the Full Story Complete the form to unlock this...
The majority of consumers shop both in-person and virtually. According to PYMNTS data, 88% of consumers make an in-store purchase daily, weekly or monthly. Sixty-three percent say they do so via an online marketplace like Amazon. Additionally, more than half of consumers – 52% –...
Lowe’s had a disappointing sales outlook for investors this week, with the company bringing up concerns that the pandemic’s increase in DIY projects is now tapering off, CNBC writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Neiman Marcus could split into three different businesses as part of a corporate restructuring that would separate its website from its brick-and-mortar stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The latest reading on retail sales numbers show that the Grinch is creeping into the room — in the form of inflation — threatening to upend the holiday spending that so many retailers have been banking on. Get the Full Story Complete the form to...
Musical instrument manufacturer Roland on Wednesday (Dec. 15) announced the rollout of a personalized technology, branded Audience Specific Experience ASX, which allows stores to control the lighting, video and audio in its Roland Store experience at select U.S. and global locations. Get the Full Story...
Total retail sales slowed to a much weaker than expected 0.3% in November, as sharp declines at department stores and electronics and appliance dealers pulled the pace of holiday season shopping down from an 8-month high of 1.8% in October. Get the Full Story Complete...
Five Below’s move to open more than 750 new stores since fiscal 2016 bodes well for the future of the kids and teen-focused retailer, and tells a story deeper than its third-quarter results, which included $608 million in sales for the three months ending Oct....
