Retail

Retail
TikTok Fueling ‘Reading Renaissance,’ Increased Sales of Physical Books
October 26, 2021

In June 2020, national book retailer Barnes & Noble started seeing surges in sales of certain trade paperbacks and couldn’t figure out why — until the company found TikTok’s “BookTok” community, where bibliophiles post videos reacting to or sharing books they’ve enjoyed. Get the Full...

Retail
Hasbro Had $100M of Undelivered Product in Q3
October 26, 2021

Toy and entertainment company Hasbro, feeling the stress of supply chain delays, is relying heavily on its entertainment and digital gaming divisions as it continues to develop a contextual commerce strategy for many of its major brands. Get the Full Story Complete the form to...

Retail
JCPenney Names Former Levi Strauss Executive as CEO
October 26, 2021

Beleaguered department store JCPenney has named Marc Rosen as its new chief executive officer as of Nov. 1, the latest move to help the struggling retail chain emerge from last year’s bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Target Adds New Features to Curbside Pickup Offering
October 26, 2021

Target on Tuesday (Oct. 26) introduced enhancements to its Drive Up, Order Pickup and Same-Day Delivery with Shipt offerings that make it easier for customers to personalize their shopping experiences to fit their busy schedules heading into the holiday season. Get the Full Story Complete...

Retail
Today in Retail: Allbirds Hopes Valuation Flies Above $2B; Walmart+ Offers Promo for New Members
October 25, 2021

In today’s top retail news, Allbirds is aiming for a valuation of over $2 billion when it makes its public debut on the Nasdaq exchange, while Walmart+ is offering a cash-back promotion for new members who sign up on Monday (Oct. 25). Also, discounts are...

Retail
New Study: Checkout Frictions Rise as Some Merchants Pull Back on Value-Adds
October 25, 2021

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 agree to receive marketing communications from PYMNTS and...

Retail
Discounts Harder to Find Amid Supply Chain Bottleneck
October 25, 2021

The traditional discounts and specials related to the holiday season will be fewer and further between this year as shoppers are likely to pay close to full price on just about everything on their holiday lists this year, according to a report Monday (Oct. 25)...

Retail
Allbirds Shoots for $2.2B Valuation in IPO
October 25, 2021

Self-proclaimed ethical shoemaker Allbirds has set its sights on a $2.2 billion valuation for its initial public offering (IPO), according to a filing with the Securities and Exchange Commission (SEC) on Monday (Oct. 25). Get the Full Story Complete the form to unlock this article...

Retail
Higher Wages ‘Never the Top Reason’ Workers Take Jobs Amid Labor Shortage
October 25, 2021

Retailers, restaurants and small businesses are pulling out all the stops to bring workers in the door amid the ongoing labor shortage, with many taking steps to raise their base pay to at least $15 per hour, more than double the federal minimum wage of...