With the COVID-19 pandemic underway, consumer prices fell last month, led by drops in prices for motor vehicle insurance, energy and apparel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. Coresight’s research is not in...
As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for...
With Vroom motoring its way to a high-valuation IPO, it’s a good time to take stock of how a digital model for buying cars survived and thrived in the most challenging business environment of the digital era. Get the Full Story Complete the form to...
As it invites more customers into its stores, Best Buy Co. Inc. said that shoppers will have the ability to “safely and freely” shop at most of its retail locations sans appointment. The electronics retailer will start letting a limited number of customers into over...
Consumer spending in the United States gradually increased last month as shoppers arose from lockdown. Mastercard figures indicated that retail sales in the U.S., outside of the auto industry, fell only 5.6 percent in May from a year prior compared to a 14.1 percent drop...
Motivating a change in consumers or retailers is not always easy work, a reality evidenced by the plodding pace of contactless payments in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Signet Jewelers, the parent company of some of the best-known jewelry chains — including Kay Jewelers, Zales and Jared — plans to permanently close nearly 400 stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Gift cards may be the gift that keeps on giving — not just for the recipients, but also for the companies that issue them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
