The Home Depot Chairman and CEO Craig Menear used the word “agility” when talking about the approach he and his organization have taken to the ever-changing economic environment that’s included mask mandates, vaccination rates and an increase in foot traffic, especially lately. Get the Full...
Paris-based luxury accessory producer Hermes struggled to meet customer demand during the 2021 holiday period, Reuters reported Friday (Feb. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Today in retail, consumers aren’t always aware of the digital features their favorite retailers offer, while Tanger reports shoppers are returning to outlets and retailers are sticking around longer. Plus, Walmart continues its push into omnichannel retail even after sluggish growth for eCommerce segment in...
The receding of the omicron variant of the coronavirus in the United Kingdom has prompted shoppers to return to brick-and-mortar stores, but inflation is blunting their buying enthusiasm, according to new data released by the U.K. Office of National Statistics (ONS). Get the Full Story...
The quip “give the people what they want” aptly describes global shopper behavior as new research finds that the right digital features smartly deployed are winning worldwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
When fledgling footwear and apparel maker Allbirds, whose stock has fallen almost 70% since its initial public offering (IPO) in November, announced Thursday (Feb. 17) that it plans to begin reselling its gently used shoes, the news marked the latest entry of a retail brand...
Last year, Q4 eCommerce sales at Walmart US grew 69%. This year, they rose just 1%. Although CEO Doug McMillon told investors Thursday (Feb 17) that Walmart was an “increasingly digital” omnichannel business, this stalled eCommerce sales progress in the face of myriad changes and...
At Home, a home décor superstore, is opening six new locations this month, bringing its total store count to 241, according to a Thursday (Feb. 17) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
One of the country’s leading retail landlords says tenants and customers are returning to more of the activities they were doing before the COVID-19 pandemic began ripping around the world almost two years ago — including shopping. Get the Full Story Complete the form to...
