Retail

Retail
Lord & Taylor Says ‘Hello Again’ To Loyal Customers After Post-Bankruptcy Relaunch
April 21, 2021

The Saadia Group, which works in multi-category product manufacturing, wholesaling and retailing, has rolled out iconic American brand Lord & Taylor as an online “collective store,” according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Snap Finance, Affirm Collaborate To Expand Retail Payment Options
April 21, 2021

Digital financing provider Snap Finance has teamed up with Affirm. Merchants that use Snap now have the ability to integrate Affirm’s additional financing options to collect more sales from “high-intent shoppers” and provide alternative payments to people who are developing or rebuilding their credit profiles,...

Retail
Today In Retail: BJ’s Wholesale Appoints New President And CEO; Advance Auto Parts Forecasts Comp...
April 20, 2021

In today’s top retail news, BJ’s Wholesale Club has named Bob Eddy as its new president and CEO, while Advance Auto Parts is forecasting comparable-store sales growth amidst demand from DIY and pro shoppers. Plus, lululemon has become part of the secondhand clothing trend with...

Retail
lululemon Joins Secondhand Clothing Trend With ‘Like New’ reCommerce Unit
April 20, 2021

Six months after the rollout of its sweeping corporate sustainability agenda, the yoga and athletic apparel retailer lululemon has unveiled its first-ever venture to resell gently used clothes. In announcing its “Like New” reCommerce initiative, the retailer will join a growing movement within the apparel...

Retail
As ‘Try Now, Buy Later’ Return Rates Rise, So Do Sales And Profits
April 20, 2021

At a time when online shopping has surged to represent almost 20 percent of total retail sales, fueled by the ubiquity of free shipping and free returns, San Francisco-based startup TryNow is challenging industry norms and transforming consumer behavior by allowing customers to try on...

Retail
AutoNation Delivers Record Q1 Profit As Car Prices And Digital Sales Surge
April 20, 2021

The country’s largest auto retailer said Tuesday (April 20) that rising new and used vehicle prices as well as its lucrative parts and service and financing businesses combined to deliver AutoNation’s most profitable quarter ever — the fourth time in a row that it has...

Retail
BJ’s Wholesale Club Names New President And CEO
April 20, 2021

BJ’s Wholesale Club has named Bob Eddy as its new president and chief executive officer, according to an announcement. 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...

Retail
Advance Auto Parts Projects Comp Growth With Demand From DIY, Pro Shoppers
April 20, 2021

Amid formidable demand from DIY shoppers and professional customers, Advance Auto Parts said it anticipates comparable-store sales growth to be between 22 percent and 24 percent for the first quarter of 2021, according to a Tuesday (April 20) announcement. Get the Full Story Complete the...

Retail
Millennials Lead Grocery’s Digital Shift
April 19, 2021

While almost all consumers rely on grocery shopping to meet their daily or weekly needs, grocery buying behavior can vary enormously across demographics. After all, you can imagine that the needs of a 32-year-old Imperfect Foods subscriber living in New York City look very different...