Retail

Retail
Home Depot, Lowe’s Earnings Show No Slowdown in Consumer Spending on the Home
November 18, 2021

Restaurants are filling up again and airports are seeing increased traffic, but consumers aren’t slowing down their home improvement projects as real estate sales continue to rise and working from home remains the norm for many workers. Get the Full Story Complete the form to...

Retail
Alibaba Group Active Consumers up 62M in Q3
November 18, 2021

On the heels of an estimated $139 billion in Singles Day sales for Alibaba and JD.com, Alibaba Group Holding Limited’s active consumers hit 1.24 billion, spurred by a quarterly increase of about 62 million. Get the Full Story Complete the form to unlock this article...

Retail
Today in Retail: Same-Day Fulfillment Boosts Target Earnings; Retailers Sell Shoppers’ Data for Online Ads
November 17, 2021

In today’s top retail news, Target is touting its ability to meet consumers wherever they shop during the holiday season, while Amazon, Walmart, Home Depot and others are using purchase data to sell more online ads. Also, visual search technology is helping to drive digital...

Retail
Retail Earnings Show Online Slowdown is In-Store’s Gain
November 17, 2021

If online sales growth is slowing, and overall retail spend is on the rise (even accounting for inflation), it stands to reason that on-site shopping — the brick-and-mortar kind —is the beneficiary. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Digital Drives Huge Gains in Target Grocery Sales
November 17, 2021

With the strength of its eCommerce business, Target is quickly becoming a major player in grocery. Discussing its third-quarter 2021 financial results on Wednesday (Nov. 17), the retailer announced comparable sales growth in the food and beverage category in the mid-teens percentage range, on top...

Retail
The 5 Dominant Holiday Shopping Trends Merchants Need to Know About
November 17, 2021

Ports are backed up, trucks (though not nearly enough of them) are driving day and night to retail distribution centers from those ports, and retailers are in a frenzied search for seasonal hires from the warehouse to the sales floor. Meanwhile, the pandemic malingers, making...

Retail
Retail’s Biggest Names Battle Against Consumer Inflation ‘Sticker Shock’
November 17, 2021

To keep consumers buying, tamp down the sticker shock. 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 daily newsletter, PYMNTS Today. By completing this form,...

Retail
Google Maps Expands eGrocery Discovery Features
November 17, 2021

Google Maps is becoming a grocery aggregator. On Tuesday (Nov. 16), the company announced in a blog post that after an initial test in Portland, Oregon during the spring, Google has now rolled out pickup features for more than 2,000 grocery stores across 30 states....

Retail
Visual Search Drives New Online Sales for Merchants
November 17, 2021

Fashion, at its core, is a social experience, with people sharing their favorite looks and trying to replicate outfits worn by friends, celebrities and style icons. But often, it’s difficult to find the right item to complete the look because consumers don’t know the right...