The digital shift is alive and well at Walmart. The largest U.S. retailer posted its third-quarter earnings on Tuesday morning (Nov. 17) with another quarterly spike in eCommerce sales and, perhaps more importantly, an increase in profit from its overhead-heavy digital sales effort. Get the...
The Home Depot rode the pandemic-driven home improvement wave to a big jump in its in-store comp sales for Q3. The company reported sales of $33.5 billion for the third quarter of fiscal 2020, an increase of $6.3 billion, or 23.2 percent above 2019. Comparable...
U.S. retail sales rose 0.3 percent in October to $553.3 billion, missing forecasts but still up for the sixth consecutive month, according to the monthly U.S. Census Bureau report released on Tuesday (Nov. 17). Get the Full Story Complete the form to unlock this article...
Shopify has expanded its payment options for merchants with a new partnership with Alipay, China’s payments app. 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...
Here’s the scenario. Consumers have cut back on travel, in-person entertainment and restaurant spend. They have paid down their credit cards. Then they will use this newfound spending power to bring a new, vengeful spending strategy to the holiday season because, after all, the American...
Craig Vosburg, Mastercard’s president of North America, said at a conference Monday (Nov. 16) that the company is seeing new consumer spending trends as a result of the pandemic. Speaking at the Citi 2020 FinTech Conference, Vosburg recounted some of the trends seen in the...
As the coronavirus surges in the United States, restaurants across the country are bracing for both more restrictions and the coming danger of more infections. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Rakuten, a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
With a successful Singles Day in the books for Alibaba, last week was a referendum on the spending power and preference for Chinese consumer. This week is a referendum on the U.S. consumer’s spending power as Kohl’s, Walmart, Macy’s, Target and other brick-and-mortar-based retailers report...
