- November 17, 2023
The holidays are upon us. The credit card debt has been racked up. The broad deluge of earnings reports has slowed to a trickle.
The data and commentary show that U.S. ...
- November 16, 2023
Prices are finally coming down at many retailers. Consumers still may not feel relieved.
A report Thursday (Nov. 16) by The Wall Street Journal (WSJ) takes a closer look at the state ...
- November 15, 2023
Walmart earnings, slated for Thursday morning (Nov. 16) before the market opens, will likely offer the latest variations on several themes:
Consumers seeking value, especially with consumables and groceries;
a shift to ...
- November 15, 2023
Consumers continue to face economic challenges, even as inflation takes a dip, and the punchline continues to show up in retail receipts. In reporting its third-quarter earnings on Wednesday (Nov. ...
- November 13, 2023
Walmart has implemented its designated hours, known as “sensory-friendly hours,” for patrons across its entire U.S. network of stores.
Per the company’s announcement, between 8 and 10 a.m. local time, Walmart ...
- November 7, 2023
The holidays are fast approaching, and gifts are on everyone’s minds. With so many shopping apps available, it can be overwhelming to pick one to browse. Fortunately, PYMNTS has you ...
- November 2, 2023
Target CEO Brian Cornell said the strain consumers are feeling has finally begun to impact grocery sales.
Cornell said in an interview with CNBC Thursday (Nov. 2) that his company has ...
- October 16, 2023
This month in PYMNTS’ Provider Rankings of Shopping Apps we see Walmart climbing to the top, giving Shein something to fight for. We also see double ties in our lower half but ...
- October 12, 2023
President Joe Biden will reportedly meet with a half dozen business leaders from various industries on Thursday (Oct. 12) to hear their perspectives on the economy and the labor market.
Among the those ...
- October 10, 2023
Walmart’s former U.S. CEO says consumers are facing pressures they haven’t felt in years.
Speaking to CNBC Monday (Oct. 9), Bill Simon listed a host of headwinds Americans are dealing with, including inflation, ...
- October 9, 2023
Why do so many shoppers like Target or Walmart? For some, it’s considered a nearby oasis that offers affordable prices on a diverse range of products. From groceries to clothing ...
- October 2, 2023
Figure out your DNA — that’s the secret to sales when landing on the shelves of retail spaces like Sephora and Ulta Beauty, according to Priyanka Ganjoo, the founder of ...
- October 2, 2023
The intersection of technology, social dynamics and economic factors has created an environment where theft — both individual and organized — has proliferated. And H&M is the most recent victim ...
- September 28, 2023
Last week, Amazon announced plans to increase its hiring for the holiday season.
It now looks like it might be the only big company in the retail/fulfillment space to do so. As The ...
- September 27, 2023
Target is blaming an apparent wave of shoplifting for the closure of nine of its stores.
The retailer is shuttering locations Oct. 21 in New York City; San Francisco; Seattle; and ...
- September 19, 2023
Mastercard is predicting a “rebalancing” in consumer spending for the 2023 holiday season.
The company on Tuesday (Sept. 19) announced that its SpendingPulse shows retail sales increasing 3.7% for the period between Nov. ...
- September 19, 2023
Three large retailers’ hiring plans for the upcoming holiday season are similar to those they announced last year.
A fourth retailer, Macy’s plans to hire 3,000 fewer workers for seasonal positions ...
- September 18, 2023
Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic in March of 2020.
And as ...
- September 15, 2023
Retailers are contending with a growing amount of violence along with the existing challenge of shoplifting.
In two recent incidents, employees at retail stores were shot and killed by suspected shoplifters. ...
- September 12, 2023
Retail giant Target has inked a partnership with jewelry brand Kendra Scott to offer exclusive collections of earrings, bracelets and other accessories.
Under the new agreement, announced Tuesday (Sept. 12), Target will offer vibrant jewelry from Kendra ...
- September 12, 2023
The PYMNTS Provider Ranking of Shopping Apps showcases the top-performing apps transforming the shopping experience.
This month, there are four ties, and Shein finds itself back in first place.
The Top 5
Shein ...
- September 1, 2023
As Target continues its rollout of sortation centers, the retailer is learning that these facilities allow it to serve more customers, faster.
The sortation centers are designed to save time and space for ...
- August 31, 2023
This week in grocery, Weis Markets and The Fresh Market leverage contextual commerce to drive loyalty and engagement, Dollar General looks to expand its produce selection, and Target expands its ...
- August 31, 2023
Merchants focused on nonessentials are restrategizing as shoppers predict a long way until inflation’s end.
Recent earnings released by retailers may reflect consumers’ true attitudes toward the near-future economic landscape, with ...
- August 30, 2023
As more consumers seek out the quick convenience of online grocery, merchants are turning to the pickup channel to meet this demand without bearing the high cost of delivery.
Take, for ...
- August 29, 2023
Despite inflation, despite the volatility in discretionary spending, certain categories are holding up.
Consumers are still opening their wallets to buy health and beauty products. Data from the U.S. Census Bureau showed that health and ...
- August 28, 2023
While beauty companies Laneige and Charlotte Tilbury have sought to enter the virtual realm with virtual storefronts to connect and transact with consumers, Ulta Beauty’s customers are demonstrating that the ...
- August 22, 2023
Shipt is expanding its c-suite as its parent company, Target, aims to grow its share of same-day delivery sales.
The grocery and retail delivery company announced Tuesday (Aug. 22) that it ...
- August 22, 2023
When you think of Etsy, what comes to mind? Probably arts and crafts and unique finds, right? This is a perception that Etsy has been grappling with lately as it ...
- August 22, 2023
“It’s more than shoplifting. It’s organized retail theft,” PYMNTS said at the end of May and it’s an issue that lives on.
U.S. retailers are still grappling with “inventory shrinkage,” which encompasses ...
- August 18, 2023
Consumers are proving resilient when it comes to spending on health and beauty products.
That’s one of the takeaways this past week from Target and Walmart’s earnings calls, and from other ...
- August 16, 2023
The retailer’s strategy of appealing to millennials may be backfiring as the generation prepares to lose spending power to student loan repayments.
Once again, consumer sentiments’ seeming ability to motivate spending ...
- August 16, 2023
Target’s latest earnings results were notable for the general pullback in consumers’ spending on discretionary items and a continuing impact from retail theft.
Elsewhere in the second-quarter 2023 results that were posted Wednesday ...
- August 14, 2023
Earnings season is ending, but there remains a final wave of reports from retail behemoths to be parsed.
We’ll see financial results from Target Wednesday (Aug. 16) and Walmart Thursday (Aug. 17)), offering the latest ...
- August 14, 2023
Back to school looms, and shopping — for now, at least — revolves around backpacks, Chromebooks, fall fashion, sneakers and, possibly, stocking up on dorm room snacks.
And for the key ...
- August 11, 2023
Krispy Kreme announced second-quarter results Thursday (Aug. 10) that showed a 9% hike in year-over-year (YoY) net revenue, bolstered by eCommerce and delivery strategies.
Net revenue for the quarter ending June ...
- August 9, 2023
The Connected Economy is one where, in an unbroken string of activities, consumers wield their devices to browse, order, pay and pick up what they want and need across physical ...
- August 8, 2023
The Honest Company, founded by movie star Jessica Alba, posted its second-quarter results Wednesday (Aug. 8), which showed a revenue bump from recent retail distribution deals.
The Honest Company Inc. said financial ...
- August 7, 2023
The 69th annual Fortune 500 list was published earlier this summer, and most people paid it little mind. What was once considered a coveted benchmark for “making it” is now ...
- July 5, 2023
Debit remains among consumers’ preferred payment methods, allowing them to spend only the funds on hand.
But for merchants, rewarding consumers for using debit cards — specifically, merchant-branded cards — may ...
