Total retail and food sales stalled in April in the face of rising prices and the absence of $1,400 stimulus checks that fueled a record jump in March. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Ralph Lauren plans to sell its Club Monaco label to Beverly Hills, Calif.-based private equity firm Regent. The arrangement is anticipated to close by June’s conclusion at the latest, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy...
With 14 months’ worth of pandemic-related lockdowns and retail capacity limitations finally starting to loosen up and consumers eager to get out and shop, eat and socialize again, a burning question in retail circles right now is: what type of stores will people return to?...
The online grocery field is growing more crowded, with reigning brick-and-mortar leaders stepping up their eCommerce capabilities and digital newcomers bringing in funding by the millions (with valuat billions). Still, for all the entrants into the space, the online grocery shopping experience remains fairly static....
Buy now, pay later (BNPL) company Afterpay will serve as the presenting sponsor of New York Fashion Week (NYFW): The Shows, starting September 2021, according to an announcement emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In today’s top retail news, Canada Goose reported surging total revenue and triple-digit eCommerce growth, while YETI posted soaring net sales. Plus, Walmart announced that it will acquire Zeekit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As private label sales continue to grow, surpassing name brand growth for the fourth year in a row, grocers are taking note. As the private label category continues to expand, so does the plant-based category, which grew 27 percent in 2020 alone. Taking note of...
In the face of rising online sales and increased social commerce, Walmart said on Thursday (May 13) that it will acquire virtual fitting room firm Zeekit, an Israeli artificial intelligence (AI) startup, with the goal of boosting its efforts on both the eCommerce and fashion...
Chinese eCommerce giant Alibaba said it plans to seek growth in new international markets after closing the books on a record year that saw it topping 1 billion active users and doing a record $1.2 trillion of gross merchandise value sales on its platforms. Get...
