As restaurants note inflation’s impact on consumer behaviors, with rising prices threatening customer loyalty, some major brands are addressing the challenge by leaning into it, absorbing more of the price increases to advertise low-price deals and promotions. Get the Full Story Complete the form to...
ByteDance is mulling selling “a low single-digit percentage point stake” of online sneaker marketplace Poizon, preferably to an existing investor, Bloomberg reported Tuesday (June 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Gap has unveiled its third collection of limited-edition non-fungible tokens (NFTs) in partnership with artist and former professional soccer player Demit Omphroy, expanding a collaboration that also includes a graphic T-shirt collection sold at Gap stores. Get the Full Story Complete the form to unlock...
Just three weeks after announcing an unexpected 40% drop in first quarter profits, Target unveiled an aggressive cost control plan Tuesday (June 7) to address what it calls a “rapidly changing environment” for consumers. Get the Full Story Complete the form to unlock this article and...
After more than a year of activist approaches, breakup proposals and rebuffed board shake-up plans, Kohl’s announced Monday (June 6) that it was entering into three weeks of exclusive negotiations to sell itself to a little known vitamin and pet shop retailer that’s only about one-fifth...
Today in food commerce, PYMNTS data reveal an increase in daily usage of same-day grocery delivery aggregators such as Instacart, and global convenience store giant Couche-Tard announces that it is bringing “Smart Checkout” to 7,000 of its stores. Plus, Shibli Juneja, vice president, U.S. consumer...
Today in retail, cryptocurrency spenders come from a range of income brackets, and retailers are stuck with inventory as shoppers transition from comfort to more professional and party-ready looks. Plus, bargain hunters may benefit as retailers try to recalibrate their inventory levels. Get the Full...
Are good times over for subscription commerce? In a word: no. But there’s also no questioning that trimming of subscriptions — retail and streaming — is happening more now as even high earners begin reacting to inflation that’s cutting buying power and forcing hard choices....
By most accounts, the cardinal sin of retail is being “out of stock.” 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....
