In case you hadn’t heard, Amazon and Walmart had some pretty big sales earlier this week — though consumers bought smaller items and overall spent slightly less than in previous years, at least from Amazon. Get the Full Story Complete the form to unlock this...
Nike remains bullish on the growth of its digital and direct-to-consumer (D2C) business, executives told investors Thursday (June 24), projecting that digital will account for 50 percent of the sports apparel company’s business by 2025. Get the Full Story Complete the form to unlock this...
Amid Canada Goose’s concentration on its HUMANATURE purpose-based platform, “relentless innovation” and “expanding lifestyle relevance,” the luxury outerwear brand plans to end the use of fur in all of its merchandise, according to an announcement. Get the Full Story Complete the form to unlock this...
Off-price retailer Five Below has expanded its collaboration with Instacart following a successful pilot launch with the logistics firm in December 2020, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In today’s top retail news, Rite Aid posted rising revenues from continuing operations, while GOAT wrapped up a $195 million Series F funding round and achieved a of $3.7 billion valuation. Plus, a report indicates that the secondhand market is set to flourish. Get the...
Autonomous retail startup Trigo is partnering with Google Cloud to advance its frictionless checkout technology. The partnership agreement will make Triago’s artificial intelligence (AI) technology for autonomous shopping available on Google Cloud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Netherlands-based global grocery giant Ahold Delhaize is taking control of its United States distribution. Its group of U.S. supply chain companies, ADUSA Supply Chain, announced Wednesday (June 23) that 85 percent of the chain will be self-distributed by the end of 2022. Get the Full...
With the launch of Gap Home on Walmart.com on Thursday (June 24), all eyes are on how Gap’s first foray and Walmart’s expansion further into home décor could shakeup an already competitive space. Get the Full Story Complete the form to unlock this article and...
The secondhand market is ready to explode, according to a report released Wednesday (June 23) by thredUP and GlobalData, with resale alone expected to grow 11 times faster than the broader retail clothing sector over the next five years. Get the Full Story Complete the...
