Walmart President and CEO Doug McMillon will retire Jan. 31, 2026, and he will be succeeded by Walmart U.S. CEO John Furner, the company said in a Friday (Nov. 14) press release. McMillon will remain on the board of directors until the June 2026 annual...
Amazon and Walmart have spent decades defining the competitive perimeter of American retail, each shaping consumer behavior at enormous scale. But no matter the innovations around convenience and the ongoing race to turn commerce invisible and frictionless, there’s always been a bigger factor at play...
“Retailers Expand Embedded Finance to Unlock Control and Customization,” a collaboration between PYMNTS Intelligence and Marqeta, explores how retailers are transforming payments from a back-end function into a front-line growth strategy. The study finds that embedded finance has become a core competitive lever for modern...
From foundation matching and real-time consultations to generative marketing and supply chain forecasting, artificial intelligence (AI) is getting integrated into nearly every part of the beauty business. A McKinsey analysis found that beauty companies integrating AI into personalization and media campaigns reported conversion uplifts of...
Amazon is introducing a series of AI-powered solutions to help business clients. These new offerings, announced Wednesday (Nov. 11), include the new Amazon Business Assistant which is available to Amazon Business at no added cost. “The assistant combines Amazon’s deep understanding of purchasing with smart...
Retailers are preparing for a more restrained Black Friday this year, as tariffs and inflation drive up costs and force brands to scale back promotions. According to a Bloomberg report Tuesday (Nov. 11), companies such as Coach and Therabody are pulling back on markdowns that...
Amazon said it is marking the one-year anniversary of its “Haul” service with $1 deals. It‘s part of a two-day “shopping event” scheduled for Monday (Nov. 10) and Tuesday (Nov. 11), with the eCommerce giant selling tens of thousands of products priced at $1 on...
About a year after launching Amazon Haul and Amazon Bazaar, Amazon is expanding that shopping experience to another 14 markets. In addition, in the new markets, Amazon is delivering that experience in a new standalone shopping app called Amazon Bazaar, the company said in a...
Retail is entering its final quarter of the year. And, to date, the year’s top story has been the ongoing recalibration of priorities by consumers and retailers alike, away from flashy gadgets and trendy apparel and toward household essentials. After all, against a backdrop of...