In striving to keep consumers spending, retailers are increasingly turning to tech-enabled ways to keep some competitive advantages in place. As detailed in the report “Big Retail’s Innovation Mandate: Convenience and Personalization,” a PYMNTS and ACI Worldwide collaboration, more than 300 retailers in the United...
In the fight for share of stomach, the leading pure-play grocers are teaming up against mega-retailers. The Kroger Co., the largest pure-play grocery retailer in the United States, is in talks with its competitor, second-largest pure-play grocer Albertsons Companies, to merge, according to sources familiar...
Amsterdam-based FinTech Adyen announced Thursday (Oct. 13) that it is launching its unified commerce solution in Mexico. In a press release announcing the launch, Adyen said it has recently enabled full acquiring capabilities in Mexico, allowing it to offer the platform thanks to direct payment...
Financial wellness benefit provider Northstar has raised $24.4 million and said the additional capital will enable it to expand its products and its global reach. Offered by employers as a benefit to their employees, Northstar employs FinTech tools and in-house financial advisors to help employees...
A shift is emerging between grocers that have the resources and the scale to make a subscription model possible, and smaller brands for which a more traditional loyalty model is still the most effective tool within their reach. The Fresh Market, a chain based in...
In what could be characterized as the latest entry in the “COVID-19 Changed Everything” file, Walgreens Boots Alliance said Thursday (Oct. 13) that it is simplifying its operations under three business segments as part of its transformation to become a “consumer-centric healthcare” company. This, as...
Home furnishings company Ikea said retail sales have picked up over the past year as the world has reopened, but inflation has led to higher prices and supply chain issues have made it difficult to put products on the shelves. Total Ikea retail sales rose...
Japan-based apparel manufacturer and retailer Fast Retailing, owner of the Uniqlo brand, achieved record performance during the year ended Aug. 31, generating record revenue and operating profit. “Sales recovered steadily in all markets as demand for clothing picked up globally, and we consistently strengthened the...
Buy now, pay later (BNPL) giant Affirm expects consumers to start their holiday shopping early this year, look for discounts and dial back their spending on gifts for co-workers. “This year, the holiday shopping season is going to look a lot more intentional,” Affirm Vice...
