A devastating small business survey on one hand, and a possible link to social commerce on the other. That was Facebook’s contribution to the pandemic crisis yesterday as the social media giant rolled out two new shopping services for small business — Facebook Shops and...
As it responded to the pandemic by providing support for associates, shoppers and communities, Lowe’s Companies, Inc. reported that comparable sales for the U.S. home improvement business rose 12.3 percent for the first quarter. The retailer operated 1,970 home improvement and hardware locations in the...
Target Corporation’s digital comparable sales rocketed during the first quarter, rising 141 percent and comprising 9.9 percentage points of Target’s comparable sales growth. Digital comparable sales accelerated each month in the quarter to 282 percent in April from 33 percent in February, according to an...
The last several weeks have certainly made for unexpected and unprecedented times for consumers and all players in the retail ecosystem and left a lot of businesses standing at a crossroads as they face the back half of 2020 and questions about what to do...
The airline industry could be showing some signs of life as the airlines report slower ticket cancellations and more bookings on some routes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The digital shift will not have paper coupons. It remains to be seen if the pandemic and its hypervigilance about potential germs will wash what’s left of them away, but digital coupons are growing right along with the crisis-driven move to eCommerce. Get the Full...
Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up 10 percent over 2019 and eCommerce spiked 74 percent as consumers stocked up on essential and nonessential goods. Get the...
Hans Holmer is a quick study – and he needs to be. As the new vice president of operations for DRINKS, he is responsible for the supply chain of a rapidly growing retail as well as direct-to-consumer (D2C) beverage alcohol company that will quickly trip...
As it took fast and aggressive steps to respond to the pandemic, steps that resulted in positive operating cash flow, Kohl’s reported a first quarter net sales drop of 43.5 percent. The retailer, however, said it grew its financial flexibility during the quarter, which it...
