Not too long ago, the role of a retail store associate was fairly straightforward: When a customer came into the store, employees were tasked with helping them complete their purchase, from finding the right items to scanning UPCs and sending the consumer on their way....
Three months into his job as eBay CEO in July 2020, Jamie Iannone laid out a plan for eBay to become “the best global marketplace for sellers and buyers,” becoming the platform of choice for sellers and cultivating long-term relationships with buyers while utilizing technology...
Minnesota-based tool and equipment supplier Northern Tool + Equipment will use retail pricing and analytics company Revionics’ artificial intelligence (AI)-powered solutions for pricing optimization, promotions, markdowns and competitive intelligence as part of a new partnership. Get the Full Story Complete the form to unlock this...
In today’s top retail news, Poshmark and thredUP are aggressively investing in expanding their respective platforms, while rent-to-own firms make their way in an increasingly buy now, pay later (BNPL) world. Also, Canada Goose’s eCommerce sales continue their flight, and the newly expanded child tax...
Today in restaurant and grocery tech news, Ahold Delhaize and Deliveroo grew their online grocery sales in Q2. Plus, PYMNTS data reveal why restaurants need to offer a diversified mix of ordering options. Get the Full Story Complete the form to unlock this article and...
In the second quarter of 2021, Ahold Delhaize proved resilient against fluctuations in consumer mobility. The multinational grocery giant’s sales held relatively flat, even as consumers returned to restaurants. Comparable sales were down 1.5 percent in the United States, up 2.4 percent in Europe. Get...
The secondhand market continues to boom, as resale platforms Poshmark and thredUP reported in separate earnings announcements on Tuesday (Aug. 10), with both companies doubling down on investments in their platforms in an attempt to gain the upper hand. Get the Full Story Complete the...
Digital luxury watch marketplace Chrono24 announced on Wednesday (Aug. 11) that it has raised more than 100 million euro ($118 million) in a Series C round, in an effort led by General Atlantic with participation from Aglaé Ventures. Get the Full Story Complete the form...
With continuing labor shortages, tangled supply chains, increased costs and renewed concerns about COVID-19 because of the Delta variant, it would be easy to assume that retailers’ optimism about the second half of the year is misplaced. But pent-up consumer savings and the new expanded...
