Retail

Retail
Amazon Pledges To Fight Price Gouging As Demand Rises For Necessities
November 03, 2020

Amazon has to keep up fighting off price gouging on its eCommerce platform, as a new wave of COVID-19 infections has prompted more panic buying, Fox Business reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Wayfair, Home Furnishings Sector Looks Past COVID Winter
November 03, 2020

Go home and stay home until we sound the all-clear, they said. So, we did. 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,...

Retail
IKEA: Second Wave Of COVID-19 Lockdowns Won’t Hit As Hard
November 03, 2020

IKEA said it’s ready to forge ahead, despite new COVID-19 restrictions in Europe that threaten economic recovery. 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...

Retail
Fast And Furious: Used Car Sales Surge For Carvana During Pandemic
November 03, 2020

The automotive market is surging during the pandemic, and companies like Carvana are reaping the benefits. The company reported a stellar third quarter last week, as used cars and contactless delivery are driving the market. Get the Full Story Complete the form to unlock this...

Retail
SA Company Takes The COVID Pivot Outside – Literally
November 03, 2020

A lot of direct-to-consumer (D2C) brands are being funded these days, as the digital-first economy continues to gain traction. However, not a lot of that funding goes to 29-year-olds. The exception to that rule is CEO Tom DeSernia, who has grown and now funded one...

Retail
Nike Plans To Cut 700 Positions From HQ Workforce
November 03, 2020

As part of a wider reorganization announced in the summer of 2019, Nike plans to cut 700 positions at its headquarters by January, Oregon Live reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Wayfair Reports 67 Pct YOY Net Revenue Growth
November 03, 2020

Wayfair Inc. reported net revenue growth of 67 percent year over year and 28.8 million active customers, up 51 percent year over year, in the third quarter, according to a Tuesday (Nov. 3) earnings announcement. Get the Full Story Complete the form to unlock this...

Retail
Today In Retail: UK Merchants Brace For Lockdown, Mall Groups File For Chapter 11 And...
November 02, 2020

The top stories today in retail include merchants in the U.K. are getting ready for another national lockdown as coronavirus cases continue to rise in that nation. While in the U.S., the mall companies, Philadelphia-based PREIT and Tennessee-based CBL & Associates both announced they would be filing for...

Retail
Walmart Gives Walking Papers to Inventory Tracking Robots
November 02, 2020

Score one sizable victory for human workers at the world’s largest brick-and-mortar retailer. 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....