Retail

Retail
Amazon Follows Walmart in Slashing Grocery Prices to Gain Share
May 31, 2024

As Amazon looks to make a dent in Walmart’s share of consumer grocery spending, the eCommerce company is joining the list of retail giants making widespread price cuts to common food items as shoppers seek the best bargain. Get the Full Story Complete the form...

Retail
Costco Mulls Raising Membership Fee, Add Warehouses Amid Rising Sales
May 30, 2024

Costco is weighing a raise in its membership fee, and plans to add new warehouses and expand partnerships amid rising sales, the retailer said Thursday (May 30) in its quarterly earnings report. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
‘Department of Nike Archives’ Impacted by Companywide Layoffs
May 30, 2024

Nike’s layoffs have reportedly impacted employees in the company’s archive that stores shoes, gear and other artifacts from the brand’s history. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Rakuten to Launch Exclusive Membership Program for Designer Brands
May 30, 2024

Rakuten, the cashback shopping platform, has announced the upcoming launch of Rakuten+, a membership program created specifically for designer brands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
May 30, 2024

As consumers prove more cautious about their discretionary retail spending, Best Buy is seeing shoppers hold off until sales events to make big purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Dick’s Sporting Goods: Shoppers Demand More Experiential Stores
May 29, 2024

With eCommerce meeting shoppers’ demand for convenience, consumers increasingly expect more from the physical store experience like immersive, engaging offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Chewy: Consumers Starting to Adopt Pets Again After Inflation Pullback
May 29, 2024

With pets proving to be a financial strain for many consumers, Chewy has been seeing them hold off on adopting new pets until inflation eases up. Now, some people are finally ready to take on the responsibility. Get the Full Story Complete the form to...

Retail
Walmart Exec Details Immersive Experiences in Digital ‘Realm’
May 29, 2024

Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. 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...

Retail
Abercrombie & Fitch: Improved Omnichannel Experience Drives Record Results
May 29, 2024

Abercrombie & Fitch reported record first-quarter earnings results Wednesday (May 29), attributing the gains in part to increased marketing spend and an improved omnichannel experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...