With results that implied a pickup in consumer spending, retail sales in the U.S. rose in May and sales for the month before were revised upward. The Commerce Department report that was fairly positive came after mild readings for inflation and a step-down for hiring,...
Through an expanded initial public offering (IPO), Chewy Inc. and its investors took in $1.02 billion. The eCommerce pet food and accessories supplier sold 46.5 million shares at a price of $22 a piece, Bloomberg reported. The company had increased its price range to $21...
A number of retailers have recently seen a surge in eCommerce sales. Lululemon revealed this week that online sales this past quarter increased 35 percent, while Target’s online sales rose 42 percent and Walmart reported 37 percent growth. In addition, online sales at Dick’s Sporting...
Retail giant Target is making same-day delivery though Shipt available to all of its shoppers, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The race to put the first autonomous vehicles on the road has yielded a variety of unexpected partnerships and pair-ups. And, as of this week, it seems VW and Ford are the latest dynamic duo to join the lineup of teams taking on the self-driving...
While the eCommerce era puts a literal planet’s worth of goods at consumers’ fingertips, not all purchasing experiences are created equal. Some items are much easier to buy online than others. Generic consumer commodity items – paper towels, toothpaste, batteries, etc. – all ship in complete...
Retail is getting more visual, and that stands to be the case for locally-focused merchants as they compete for attention and consumer dollars with the likes of Amazon and Walmart. Indeed, augmented reality is among the tools that local retailers look ready to adopt for...
Entrepreneurs often start businesses based on their own knowledge. Ends+Stems Founder Alison Mountford, for instance, began her company with years of experience as a chef-entrepreneur. She was inspired to tackle food waste when the earliest reports from the NRDC showed its impact on the environment....
In an effort to regulate eCommerce merchandise returns, a proposal is set to be put forward in Germany that aims to cut back on the quantity of unwanted products that are destroyed. The environmental ministry is reportedly visiting various eCommerce merchants in order to gain...
