It’s hard to argue the digital shift in any business, but particularly at retail. PYMNTS research shows that 97.3 million U.S. consumers have now switched to performing at least one routine activity online — working from home on their laptops, browsing retail marketplace apps, ordering...
Some 92 percent of the more than 400 restaurants surveyed by the NYC Hospitality Alliance indicated that they could not foot the bill for rent, the nonprofit industry association said in a press release on Tuesday (Feb. 16). Get the Full Story Complete the form...
India’s Tata Group will buy a 68 percent stake in online grocer BigBasket for about 95 billion rupees ($1.3 billion), the TV network ET Now reported. The deal provides a full exit for China’s Alibaba Group, which owned 27 percent of BigBasket. Get the Full...
CVS said on Tuesday (Feb. 16) that it is re-entering the Obamacare health plan market next year, and that its multi-pronged response to COVID has helped it grow sales and new consumer relationships. Get the Full Story Complete the form to unlock this article and...
Given that consumer spending accounts for 70 percent of the U.S. economy, it’s safe to say the monthly reading on retail sales on Wednesday (Feb. 17) will offer a critical insight on the current state of American shoppers and businesses. Get the Full Story Complete...
Ace Hardware Corporation reported on Tuesday (Feb. 16) as part of its financial results that revenues jumped 39.2 percent from Q4 2019 to Q4 2020, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
AutoNation, Inc. reported as part of its financial results that same-store revenue climbed 5 percent from Q4 2019 to Q4 2020, according to a Tuesday (Feb. 16) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Product Drops: Retail’s New Conversion Play, a PYMNTS and Scalefast collaboration, investigates how consumers are participating in events such as product drops, flash sales and private sales. The report draws from a census-balanced survey of 2,298 United States consumers and examines how merchants can use...
There are a lot of ways to quantify what a weird Valentine’s Day 2021 will shape up to be — but instead of using numbers, charts, graphs and the insightful opinion of various experts, we can do it in a single word this year: Get...
