Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. In an interview with PYMNTS following the retailer’s launch of gamified marketplace Walmart Realm, Justin Breton, the company’s director of brand experiences and strategic partnerships, discussed this...
Abercrombie & Fitch reported record first-quarter earnings results Wednesday (May 29), attributing the gains in part to increased marketing spend and an improved omnichannel experience. The apparel retailer’s highest first-quarter net sales ever came with an increase of 22% compared to the same period a...
Small retailers that make most of their sales via brick-and-mortar are the most at risk of closing, compared to those that leverage an omnichannel strategy or that rely primarily on eCommerce channels, PYMNTS Intelligence reveals. By the Numbers The study “Main Street SMBs’ Revenues Grow...
As consumers’ shopping behavior continues to be highly motivated by prices, Target is tailoring its summer assortment to these deal seekers’ interests. The retail announced Thursday (May 23) 1,000 new summer items, touting their low prices — a move that came days after the company...
As convenience-seeking shoppers make more of their purchases online, malls are adapting to focus more on on-site, immersive experiences rather than just on the quality and variety of retail vendors. In an interview with PYMNTS, Jill Renslow, chief business development and marketing officer at Mall...
As we approach the middle of the year, here are five of the major ways that the retail landscape has changed in 2024 so far. Amazon Pivots on ‘Just Walk Out’ Last month, news broke that Amazon is pulling back on Just Walk Out technology in...
What happens when consumers grow too cash-strapped for discount stores? In some cases, the stores go under. As Bloomberg News reported Sunday (May 26), the economic pressures on lower and middle-income Americans have begun to impact the retailers that cater to them. For example, fashion retailer Rue21, whose...
This Memorial Day, in addition to the usual round of holiday weekend sales, many retailers are getting more targeted about how they can insert their products into shoppers’ summer celebrations. Walmart, for instance, as part of its push to lower prices in competitive categories, is...
Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat themselves to nonessential purchases. By the Numbers “The Pessimism About Pay Rises Offsets the Effect of Falling Inflation” installment of...
