At its investor day in Tampa, Florida, on April 4-5, Walmart executives laid out a five-year plan that emphasizes membership, choice and a thoroughly modernized customer experience. In his closing day remarks, Walmart President and CEO Doug McMillon said a 4% growth target over the next three to...
Bed Bath & Beyond has collaborated with ReStore Capital to launch a vendor consignment program. With this program, credit-focused investment manager ReStore Capital will purchase up to $120 million in merchandise from the retailer’s key suppliers, on a revolving basis, to increase the availability of...
From clever gift arrangements to scalp health and haircare, former Vice President of eCommerce at Edible Arrangements Erica Randerson has made an interesting pivot and is now leading growth strategy for direct-to-consumer (D2C) brand Divi. But why? “One of the things that drew me to...
Meta has launched new computer vision tools that help identify objects within an image. The tools include the new Segment Anything Model (SAM) and the Segment Anything 1-Billion mask dataset (SA-1B), Meta said in a Wednesday (April 5) blog post. Their names refer to “segmentation,”...
This week in grocery, Stop & Shop expands its digital discounts and grocers tap BNPL. Ahold Delhaize-owned Stop & Shop, a grocer with more than 400 stores across five Northeastern states, announced Monday (April 3) that it is expanding its partnership with digital marketplace Flashfood,...
Today’s ever-more digital world has rapidly evolved consumer expectations around the shopper journey. Modern shoppers increasingly want a digital-first experience, and they want it from every merchant they shop with no matter their size. That’s according to data in the latest PYMNTS report, “2023 Global...
Amid inflationary pressures, meal kit providers are securing consumers’ loyalty with more convenience and flexibility. Blue Apron, for one, is turning its focus to its lower-effort Heat & Eat meals and to sales channels that enable consumers to make purchases without committing to a regular...
Citi has expanded its Sustainable Time Deposit solution to institutional clients in the United States. This program, which was launched in five jurisdictions in Europe, the Middle East and Asia last year, is designed to deliver competitive yields while also supporting institutional clients’ sustainability goals,...
The headless commerce space is becoming increasingly competitive, as more and more businesses are seeing the benefits of this approach and seeking out solutions that can help them provide a better customer experience. Many established eCommerce platforms — including Shopify, Magento and BigCommerce — have...
