Today in retail, the roller-coaster ride continues for Warby Parker’s stock, while relationship commerce is helping brands reduce their customer acquisition costs. Plus, Williams-Sonoma is reimagining its stores to appeal to omnichannel shoppers. Get the Full Story Complete the form to unlock this article and...
Funds continue to pour in for ultrafast grocery in spite of the economic challenges of the model. On Thursday (March 17), Turkish 10-minute grocery delivery company Getir announced that it raised $768 million in its Series E funding round, raising the startup’s valuation to $11.8...
Shoppers are showing the power of the pocketbook by rebuffing efforts by some apparel retailers and department stores to raise their prices as inflation continues at its highest level since the 1980s, and consumers scale back on the spending that had been on the rise...
H&M is tackling the competition in fashion by selling external fashion brands on its central website in Sweden and Germany, with plans on the table to add additional labels and geographic markets, according to media outlets. Get the Full Story Complete the form to unlock this...
Consumer demand for digital convenience may be continuing to rise, but eGrocery channels are nonetheless far from a sure bet. Ocado Retail, the joint venture between Hatfield, United Kingdom-based grocery technology firm Ocado Group and London-based retailer Marks & Spencer, has been seeing its performance...
Target and Amazon on Thursday (March 17) both announced environmentally friendly store models, according to company press releases. 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...
To put it mildly, Warby Parker’s first six months as a public company have been a disaster. 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...
Bargain hunters found other alternatives to get the products they needed at reasonable prices to close out 2021, as Dollar General’s same-store sales dropped 1.4% in the three-month period ending Jan. 28 and dipped 2.8% in the full fiscal year, according to a Thursday (March...
After a two-year, 250% jump in its stock price and a year of record sales, kitchen and home furnishing retailer Williams-Sonoma says it is moving to reimagine its digital businesses, which already accounts for 70% of its sales. Get the Full Story Complete the form...
