Retail

Retail
Product Placement Goes to the Metaverse for Forever 21
December 27, 2021

Twenty-one years of age. A time when new opportunities are on the horizon and life is just beginning. 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...

Retail
Retailers Pin Hopes on NFTs as Impulse Play
December 27, 2021

Nonfungible tokens – NFTs – are complicated, to put it lightly. For many consumers and retailers alike, they’re hard to explain, hard to conceptualize, and hard to understand why there is demand is for them. In the meantime, there’s an emerging, fast-growing buzz around them,...

Retail
Online Sales Drive Holiday Spend — and Returns
December 27, 2021

What did holiday shopping look like this year? Well, we recently reported on how Mastercard — a company that just acquired Dynamic Yield from McDonald’s to personalize and contextualize offers to consumers — reports that retail sales overall were up 8.5% this holiday season (between Nov....

Retail
Mastercard: Online Sales Grew 11% , US Retail Up 8.5% This Holiday Season
December 26, 2021

A new Mastercard report released Sunday (Dec. 26) says holiday retail sales were up 8.5% this year for the time between Nov. 1 through Dec. 24. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
UK Retail Foot Traffic Down 45% from 2019 Boxing Day
December 26, 2021

The high infection rates from the COVID Omicron variant have had a dampening effect on the U.K. shopping scene around Christmas weekend, a report from Financial Times said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
The Three Pillars of Retail’s 2021 Digital Transformation
December 24, 2021

With 2021 ending shortly and 2022 kicking off soon, we thought now is a good time for retailers to hit pause. This article represents a time to reflect on how retail is becoming more consumer-driven in new and unexpected ways. From TikTok to Nike, we...

Retail
Touch This, Look at That: Why Ikea and Other Retailers Are Going Little and Local
December 22, 2021

Life may get a bit easier for urban, suburban and rural consumers alike who want to shop at a big-box retailer for big-ticket items like furniture. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Note to Retailers: Consumers Want it Fast, Easy and Now Cheap
December 22, 2021

It’s a rough world out there right now, to put it lightly. And the retail industry is seeing the effects. Inflation is at the highest level in nearly four decades, with average prices rising by nearly 7%, although many individual categories, such as food and cars, have...

Retail
CarMax Sales Set Quarterly Record, Buybacks Blow Away Previous High
December 22, 2021

Used car retailer CarMax, Inc.’s retail and wholesale sales shot up almost 30% in the third quarter of fiscal 2022, largely because of increased consumer demand for buying their vehicles online as well as improved inventory and staffing levels and better vehicle sources from consumers....