Today in retail, retail sales fall unexpectedly in May, while shoppers return to H&M stores. Plus, retailers fight fraud, Shopee cuts staff, Walmart teams with Miranda Lambert, and Clip Money and Staples partner. Get the Full Story Complete the form to unlock this article and...
U.S. retail sales unexpectedly fell 0.3% in May from a downwardly revised 0.7% pace in April, extending a four-month slowdown and delivering the strongest proof yet that record high fuel and food prices are cutting into consumer spending and confidence. Get the Full Story Complete...
Walmart continues to take steps to boost its home furnishings lines, announcing another high-profile deal in the space only a few weeks after launching the Gap Home Kids line and rolling out collaborations with several other designers earlier this year. Get the Full Story Complete...
The lifting of quarantines and other pandemic-related restrictions across Europe and around the world led shoppers to return to the brick-and-mortar locations of fashion retailer H&M, giving the company a bigger-than-expected sales boost for the second quarter of fiscal 2022 from March 1 to May...
Today in retail, automation could reshape the consumer packaged goods (CPG) payment space, while retailers are restructuring their delivery models as markdowns loom. Plus, Lacoste launches UNDW3 Web3 experiential universe, and Zara limits free returns to in-store only. Get the Full Story Complete the form...
Inventory, of course, is the lifeblood of retail. 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 form, you...
Three weeks after Walmart announced plans to offer drone delivery service to 4 million households in six states, rival Amazon is out with an aerial answer of its own, albeit on a much more limited scale and years behind schedule. Get the Full Story Complete the...
Lacoste has launched UNDW3 (pronounced as “underwater”), its first Web3 experience and a progression from its collaboration with Minecraft that saw an immersive projection of the fashion retailer in the Croco Island virtual world, according to a Tuesday (June 14) press release emailed to PYMNTS....
Many retail spending reports these days show consumers tightening their belts and focusing their spending on food, gas and other necessities, but the Mastercard SpendingPulse report for May shows a 10.5% year-over-year retail sales growth for the month — and more good news ahead. Get...
