Selfridges has launched a pop-up shop at which consumers can resell or restore pre-owned clothing and accessories. The United Kingdom-based luxury department store chain is offering The Stock Market at The Corner Shop for a month, hosting it at the firm’s permanent pop-up space at its flagship location...
Elizbeth Arden has launched a virtual store that enables browsing, gameplaying and shopping. The Revlon-owned beauty brand created the metaverse shopping experience in partnership with experiential eCommerce platform Obsess and launched it Tuesday (May 16), Elizabeth Arden said in a Wednesday press release. “We are truly operating as an omnichannel business to evolve...
Inspired by Macy’s, Century 21, the department store chain celebrated for its deeply discounted designer clothing, is staging a comeback following its closure in 2020. With a renewed strategy, it is embracing a more streamlined approach to retail as it strives to reclaim its prominent...
The realm of social commerce is undergoing remarkable advancements with key players such as Google, Amazon and Reddit venturing into the trend of integrating eCommerce within their platforms. But what does that mean for the state of social commerce? Particularly in light of Meta’s influential...
The Home Depot missed Wall Street revenue expectations for the second quarter in a row. The home improvement retailer on Tuesday (May 16) reported earnings that showed sales of $37.3 billion, down 4.2% year over year. It marked the second time in as many quarters...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Mario Shiliashki, Global Payments CEO at PayU, says retail will likely face another challenging year. Merchants must collaborate closely...
Selecting countries ripe for cross-border expansion requires thoughtful analysis of the payments landscape within different geographies to enable successful market penetration with minimal cost and risk to the merchant. That was a key takeaway from a PYMNTS conversation with Roman Tazetdinov, head of geo expansion at Worldline....
Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report. And while that amounts to an 8% drop compared to 2021 figures, there’s no debate that the battle to prevent...
Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. To that end, Rep. Maxine Waters (California), the top Democrat ranking member on the House Financial Services Committee, and Rep. Nydia Velázquez (D-New York), ranking member on the House Small...
