The digital shift has come to Nordstrom, and not a moment too soon. The department store chain earned a respectable first quarter as announced Thursday (May 28) through a mix of shrewd inventory management, financial reorganization and eCommerce strength. Get the Full Story Complete the...
As shoppers stocked up on products in bulk amid the pandemic, Costco’s same-store sales increased 4.8 percent for the period concluding on May 10. The warehouse club’s online shopping sales, however, surged 64.5 percent compared to the same timeframe a year earlier, CNBC reported. Get the...
After it notched €2.25 billion ($2.6 billion) in one the largest initial public offerings (IPOs) in Europe as of 2018, JDE Peet’s stock surged over 12 percent in its inaugural trading day. The listing serves as one of the largest IPOs after the COVID-19 health...
If there’s a playbook for Main Street’s migration to digital, Toronto’s Schulich School of Business is authoring a very effective chapter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In 1990, someone asked Sam Walton about the recession the country was in at the time. “I thought about it,” he said, “and decided not to take part.” That turns out to be sage advice as the retail sector sets out to recover from an...
In what appears to be an unprecedented move, a major eCommerce retailer is connecting its suppliers directly to consumers. Newegg, which is arguably the largest computer component and consumer electronics retailer, has announced a new program to help vendor partners sell directly, albeit through its...
The digital shift is definitely on. But when it comes to the digital customer experience, retailers are playing catch-up. 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 provide a one-stop-shop for nursery design and inspiration, buybuy BABY rolled out Design Squad in conjunction with sister brand and digital interior design firm Decorist. The companies are both Bed Bath & Beyond Inc. subsidiaries, according to an announcement. Get the Full Story Complete...
Amid increases in average transaction amount and shopper traffic, Dollar General Corp. reported that same-store sales rose 21.7 percent for fiscal year 2020 Q1 compared to Q1 2019. The company reported a rise in same-store sales in consumables, home products, seasonal and clothing categories, noting...
