As Amazon was busy handling 100,000 transactions per second at its eighth and biggest Prime Day sales event this week, it was Just Another Tuesday for rival Walmart which is two years into an omnichannel shift that will convert its 4,700 physical stores into rapid delivery micro-fulfillment centers. Get...
A sweeping increase in prices paired with a modest dip in the cost of gasoline combined to deliver a 1% advance in June retail sales, reversing a prior-month slump while also showing continued resilience and financial creativity on the part of cash-strapped consumers. Get the...
Canadian athleisure brand Lululemon isn’t letting its vow to expand its empire into menswear slow down its focus on its original core. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While most consumers love the convenience and variety of online shopping, they find some aspects frustrating or time-consuming. 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...
Amazon is maintaining its retail dominance, capturing 8.8% in gross retail spending compared to Walmart’s 8.2% in the second quarter of 2022, PYMNTS reported in a new study. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As mega-retailers compete for consumers’ food spending, Amazon is pulling out all stops to minimize Walmart’s grocery lead. During its Prime Day event Tuesday and Wednesday (July 12-13), Amazon touted grocery savings for Prime members, and the retailer had a range of deals and discounts...
As the widespread and indiscriminate impact of inflation puts increasing strain on consumers and businesses alike, retailers and their suppliers have begun to seek savings and innovation in seemingly mundane areas that historically have been relegated or ignored. Get the Full Story Complete the form...
Uniqlo parent company Fast Retailing is joining others in the fast fashion world by raising prices on fleece items at a time when shoppers are looking for every possible bargain they can find — but seem not to mind paying full price or a higher...
While Walmart has transformed its business strategy in recent years to include bold innovations — like the drone delivery that Amazon pioneered — Amazon continues to lead the 60-year-old retail mainstay, according to “Amazon Versus Walmart Q1 2022,” a PYMNTS report. Get the Full Story...
