Executives at luxury retail platform Farfetch say next year will be a critical juncture in expanding beyond its core marketplace and developing deeper relationships within the industry as an increasing number of brands express interest in the company’s software-as-a-service (SaaS). Get the Full Story Complete...
One of the most noteworthy aspects of Walmart’s quarterly earnings release earlier this week was the $3.6 billion growth in food sales between July and October, the strongest in six quarters, according to company executives. Get the Full Story Complete the form to unlock this...
After years of decline, department stores are seeing a resurgence in traffic, with Mastercard SpendingPulse projecting they’ll see 40% year-over-year growth over the week of Thanksgiving, and 7.6% growth compared to the same period of 2019. Get the Full Story Complete the form to unlock...
Since the beginning of the pandemic, there have been two categories of merchants in terms of how they have been impacted and how they see the optimization of payment processing, Manuel Huez, vice president, product, payments processing at Checkout.com, told PYMNTS. Get the Full Story Complete...
Square has launched the Square Photo Studio app, which allows online sellers to take high-quality product photos from a mobile device and sync them to a Square item catalog or online store, according to a Wednesday (Nov. 17) press release. Get the Full Story Complete...
Alibaba is forecasting slower growth as consumption in China remains down. In fact, the eCommerce company expects its annual revenue to rise more slowly than any time since its stock market debut in 2014, Reuters reported Thursday (Nov. 18). Get the Full Story Complete the...
For more than 150 years, “The Magic of Macy’s” has been more than a slogan for the country’s quintessential department store, not only belying its marketing muscle and brand clout, but also its ability to outlast — and often consume — so many of its...
In today’s top retail news, CVS Health Corp. is closing stores, adding primary care offices to some locations and converting others into health hubs as it shifts its focus to healthcare, while Macy’s is planning to launch a third-party marketplace to rival Amazon and Walmart....
As on-demand delivery services compete to meet consumers’ instant grocery needs, Uber has just announced a new offering that aims to leverage its breadth of services as a key differentiator. On Wednesday (Nov. 17), the company launched Uber One, a membership program that, for a...
