One of the unanticipated and expensive consequences of consumers’ great digital commerce shift has been an explosion of retail returns clogging the system, but a spate of new tech and a growing consumer acceptance of it are poised to turn this costly challenge into a...
The worst-kept secret in Hollywood was confirmed Wednesday morning (May 26) when Amazon announced that it had reached an $8.45 billion deal to acquire 100-year-old iconic film studio MGM. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Consumers are enjoying — and keeping — the active lifestyle changes they made during the pandemic, Dick’s Sporting Goods said on Wednesday (May 26) as it posted record first-quarter sales and earnings and raised its full-year forecast. Get the Full Story Complete the form to...
Snappy, an eCommerce gifting platform, wrapped up a $70 million Series C funding round, bringing the firm’s overall funding to in excess of $100 million. GGV Capital headed up the newest investment, which saw the participation of current investors Hearst Ventures, Saban Ventures and 83North,...
Bed Bath & Beyond has bolstered its same-day delivery services domestically via a collaboration with DoorDash. The latter company’s white-label fulfillment platform, DoorDash Drive, will fuel same-day delivery, according to the Wednesday (May 26) announcement. Get the Full Story Complete the form to unlock this...
High-end fashion retailer Nordstrom said on Tuesday (May 25) that its digital transformation efforts saw its eCommerce sales rise 23 percent last quarter, amounting to 46 percent of total revenue. But despite those gains, the Seattle-based operator of 350 stores noted that its total revenues...
Real-time digital payment software and solutions provider ACI Worldwide has teamed with J.P. Morgan to let merchants in select nations in Europe provide in-store payment acceptance, according to a Tuesday (May 25) announcement. Get the Full Story Complete the form to unlock this article and...
Chinese malls enjoyed a resurgence during the COVID pandemic, with shoppers kept in the country by travel restrictions forced to spend their money at home. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A surge in sales to commercial customers combined with falling COVID-related costs drove the nation’s largest auto parts retailer’s results higher, as AutoZone on Tuesday (May 25) reported a 29 percent increase in its domestic same-store sales. Get the Full Story Complete the form to...
