Retail

Retail
Amazon, Walmart Face Retail Industry Slump and Stalled Grocery
January 20, 2023

A week of soft holiday season sales data combined with fresh cautious commentary from competitors could spark a strategic shift among the top-two retailers this year, as household spending and habits aren’t responding to the same old tricks as they once did. Get the Full...

Retail
Wayfair to Cut 10% of Global Workforce
January 20, 2023

Wayfair is cutting 10% of its global workforce, including 18% of its corporate employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Retail
UK’s Hotel Chocolat Defies Retail Slump, Will Open 50 New Stores
January 20, 2023

Hotel Chocolat said focusing on “quality over quantity” paid off during the holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Retail
Nordstrom Rack Undercuts Luxury Retailer’s Holiday Sales
January 20, 2023

Consumers pulled back on their spending during the holiday shopping season, according to Nordstrom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Retail
eGrocery Expands in the UK Even as Basket Sizes Shrink
January 19, 2023

This week in grocery, Ocado sees consumers cutting items from their list as competitors digitize. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Retail
Upstart Offers Tools to Promote ‘Omnichannel Car Buying’
January 19, 2023

Upstart is updating its auto retail platform to help dealers offer a simpler buying experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Retail
Procter & Gamble Sees No Shift in Consumers’ Private Label Trade-Down
January 19, 2023

Consumer packaged goods giant Procter & Gamble said it has no plans to change strategy as it continues to work through a difficult cost and operating environment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Vrai Ramps Omnichannel Approach Amid Surging Demand for Lab-Grown Diamonds
January 19, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Retail
Warm Weather and Warehouse Issues Stomp on Doc Martens’ Profits
January 19, 2023

Bootmaker Dr. Martens is blaming balmy weather and warehouse troubles for declining profits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...