Increasing customer acquisition costs are beginning to dig into retailers’ profits at a time when merchants are struggling on multiple different fronts, facing a continuing labor shortage and supply chain issues that threaten product availability ahead of the holidays. Get the Full Story Complete the...
Retail sales in Great Britain have dipped for the fifth consecutive month, The Guardian reported. The 0.2% decline in September was unexpected, comes despite the removal of most pandemic-related restrictions and marks the worst slump since modern records began in 1996. Get the Full Story...
In today’s top retail news, Mattel executives are confident they can overcome supply chain issues, while Google is looking at making moves in India’s social commerce space. Also, Carvana is under scrutiny after dozens of customer complaints, and the Federal Trade Commission says Amazon customers...
French retail giant Carrefour announced uneven growth performance in Europe in its third quarter financial results, generating about 20.4 billion euros ($23.7 billion), a 4% quarter-on-quarter increase in sales revenue across all its markets. Get the Full Story Complete the form to unlock this article...
Amazon is set to report its third-quarter earnings on Thursday (Oct. 28), giving retail industry watchers insight into not only the company itself but eCommerce more broadly. After all, the Seattle-based tech company holds a 50% share of all digital sales made, according to PYMNTS...
Toy giant Mattel said its performance has been largely unimpeded by supply chain issues that have plagued nearly every company for months, saying it is well prepared to provide consumers with enough toys to put under the Christmas tree this year. Get the Full Story...
Carvana customers have filed dozens of complaints with local officials and hundreds more with the Better Business Bureau related to wrong paperwork, delays getting their vehicle’s documentation and other issues with the nine-year-old online auto retailer, The Wall Street Journal reported Friday (Oct. 22). Get...
In today’s top retail news, Crocs executives say demand for their footwear is still outpacing their ability to produce and import product, while Walmart is adding more hours and items to its delivery options. Also, Blackstone is acquiring a majority stake in women’s shapewear brand...
Today in restaurant and grocery tech news, Instacart secures its hold on Canada and Walmart expands holiday delivery. Plus, Kroger opens up a new revenue stream. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
