Retail sales

Target Faces Profit Losses, Rethinks In-Store Operations Amid Rising Retail Crime 

Target Faces Profit Losses, Rethinks In-Store Operations Amid Rising Retail Crime 
Target Faces Profit Losses, Rethinks In-Store Operations Amid Rising Retail Crime 
May 18, 2023  |  Earnings

Big box retailer Target has become a focal point for significant theft incidents, which has left a considerable dent in its profits.  Consequently, the retailer,...

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Home Depot Sales Dip 4.2% in Q1, Execs Point to Order Fulfillment as Bright Spot
Home Depot Sales Dip 4.2% in Q1, Execs Point to Order Fulfillment as Bright Spot
May 16, 2023  |  Earnings

The pandemic home improvement wave has crested, as evidenced by first quarter results reported by The Home Depot, which is seeing a deceleration in its...

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Retail Sales Rose Slightly in April After 2 Months’ Decline
Retail Sales Rose Slightly in April After 2 Months’ Decline
May 16, 2023  |  Economy

U.S. retail sales climbed slightly in April following two months of decline. Figures from the Commerce Department released Tuesday (May 16) showed spending increasing a...

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Growing Online Payments Fraud Puts Retailer Data Security in the Spotlight
Growing Online Payments Fraud Puts Retailer Data Security in the Spotlight
May 16, 2023  |  Retail

PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus...

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Visa Partners With Prove for Faster Customer Onboarding
Visa Partners With Prove for Faster Customer Onboarding
May 10, 2023  |  Authentication

Identity verification firm Prove has teamed with Visa to speed up customer onboarding. The partnership, announced Wednesday (May 10), gives Visa clients access to Prove’s Pre-Fill identity verification solution, which lets...

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Inflation Cools as Consumers Continue Cutbacks
Inflation Cools as Consumers Continue Cutbacks
May 10, 2023  |  Economy

Inflation continued slowing last month, good news for consumers as many of them curtailed spending. The Consumer Price Index (CPI) rose 0.4% in April, the...

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Costco Reports Declines in eCommerce and Discretionary Sales in April
Costco Reports Declines in eCommerce and Discretionary Sales in April
May 09, 2023  |  Retail

At Costco, eCommerce and discretionary items saw declines in sales in April. During the four weeks that ended April 30, the membership warehouse club recorded...

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Affluent Consumers Temper Spending as Recession Concerns Mount
Affluent Consumers Temper Spending as Recession Concerns Mount
May 08, 2023  |  Economy

The latest data from the Federal Reserve released Monday (May 8) show that consumers think inflation’s here for the long term. And higher-income households are...

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