Low-end retailers like Dollar Tree are betting big on the return to in-person shopping, with new stores and new aesthetics lined up to entice shoppers as lockdowns ease nationwide. Following an unexpectedly bleak April, May’s retail sales will provide another valuable look at how eager...
Pet supply retailer Chewy reported a surge in sales in its latest quarter, as it brought droves of new customers onto its platform. And in the stock market, vintage goods marketplace 1st Dibs made its trading debut on the heels of monday.com’s initial public offering (IPO). 1st Dibs’ introduction to the public market comes...
Buy now, pay later (BNPL) company Klarna has landed new venture funding. In earnings, GameStop posted better-than-expected quarterly results, and two new C-suite executives will soon begin work at the retailer. And in small business, loyalty programs could be the key to closing the gap between consumers’ interest in shopping with local businesses and their...
Text messaging upstart Attentive is buying Massachusetts-based Tone, which focuses on artificial intelligence (AI)-enhanced human text message conversations. In marketing, a growing list of counter-offers and promotions from retailers that compete with Amazon could make this the most competitive Prime Day ever. And in commerce, mobile has become the go-to channel for the overwhelming majority...
Stitch Fix posted better-than-expected quarterly results, while the online styling service plans to debut a Direct Buy offering to new clients by the end of the quarter. And in payment methods, offering crypto payment acceptance can help merchants develop loyalty with clients, and harnessing crypto debit cards could help crypto...
Etsy’s latest acquisition is expected to be a boon for consumers – and a game-changer for luxury brands looking to compete with secondhand online retailers. Meanwhile, buy now, pay later (BNPL) is growing in popularity as consumers struggle to make ends meet. And in the...
High-end athleisure apparel company lululemon athletica inc. said it is aiming to grow its inventory and leverage more air freight to avoid port delays. In U.S. retail, Walmart narrowed down its roster of potential suppliers who will pitch executives in hopes of getting their made-in-America products on the retailer’s shelves. And in digital banking,...
Target and Walmart, among other retailers, are unveiling their own plans to hold sales to rival Prime Day in June. In outdoors-focused retail, The Explore Fund Council will address what The North Face views as disparities in outdoor exploration. And in banking, a large share of financial institutions (FIs) have either recently invested in artificial...
Etsy has inked a deal to acquire fashion resale marketplace Depop. In eCommerce marketing, Amazon plans to hold its Prime Day sales event earlier than usual. And in dining, vehicles are becoming the key to business growth for restaurants, with contactless options becoming a savior for operations during the past year. All this, Today...
