Resale marketplace Poshmark reported lower-than-expected sales in the third quarter as the company grapples with the impact of Apple’s privacy changes in its iOS system, the latest digital firm to note a setback because of the update. Get the Full Story Complete the form to...
In today’s top retail news, The RealReal and thredUP see an opportunity to capture consumers as rivals struggle with their supply chains, while brands are set to capitalize on virtual sales as the metaverse goes mainstream. Also, Macy’s is taking steps to attract new employees...
Amid the pandemic in 2020, U.S.-based retailers said they would close more than 10,700 stores, some of the starkest evidence of COVID-19’s impact on the economy and consumers’ accelerated shift to shopping online. Get the Full Story Complete the form to unlock this article and...
When Facebook announced its rebranding to Meta Platforms, many people were left wondering what the metaverse is, leading to a spike in Google searches for the term at the end of October. But for brands and retailers, plans to capture consumers’ attention — and dollars...
Macy’s, Inc., on Tuesday (Nov. 9) announced it will be raising its minimum wage for employees to $15 per hour as part of a corporate benefits package that will also include debt-free tuition and raises for employees at all levels of the company. Get the...
Secondhand marketplaces thredUP and The RealReal say they have been immune thus far from the higher prices and tangled supply chains plaguing many other retailers and brands heading into the holiday shopping season, though shipping costs and staffing levels remain a challenge. Get the Full...
Discount clothing retailer Primark plans to increase the number of U.S. locations from 13 to 60 within the next five years, according to a Financial Times report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The future of retail is, well, kind of a mess. 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...
While the greatest share of all consumers say health-related issues are their top reason for concern about COVID-19, consumers who live paycheck to paycheck with difficulty are more likely than others to say the financial impact is their greatest concern about the pandemic. Get the...
