TikTok has spent a week running a brick-and-mortar pop-up shop for brands and creators. The shop is not open to the public; instead, it is showing prospective merchants and creators how they can sell online via the social media platform, TikTok said in a Wednesday (July 5) press...
Debit remains among consumers’ preferred payment methods, allowing them to spend only the funds on hand. But for merchants, rewarding consumers for using debit cards — specifically, merchant-branded cards — may hold an uneven track record. Kroger announced last week on its web page, that...
Walmart’s Flipkart is reportedly entering the lending sector as it battles Amazon for India’s consumers. The eCommerce site has begun offering customers personal loans through a partnership with Axis Bank, per a recent report by Indian news outlet The Arc. That report — citing unnamed...
Teen-centric jewelry and accessory retailer Claire’s has scrapped its plan to go public. The company had filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) in 2021, but withdrew that application in a new filing last week, saying it...
Returns have long been a cumbersome process for consumers, commonly regarded as a task most of them detest. This intense dislike has gradually permeated through brands and retailers, impacting their overall profitability, albeit not in the conventional sense. Customers do engage in returns, but their...
Online fast-fashion retailer Shein is reportedly working with investment banks about a possible public listing. The Chinese company has held talks with both the New York Stock Exchange and Nasdaq, Reuters reported Tuesday (July 4), citing sources familiar with the matter. Six sources said Morgan...
Klarna and retail experience agency Stellar Global have teamed to debut a virtual shopping solution for eCommerce brands. The tool, announced in a news release provided to PYMNTS Monday (July 3), combines Klarna’s online tech integrations with Stellar’s product demonstration teams and studio space to...
The announcement that H&M and Shein are diversifying their offerings through third-party assistance (brand incorporation or sellers) isn’t unusual because now when a consumer shops on Shein they can find a house appliance to go hand in hand with their summer crop top (It’s not...
In the retail landscape, immersive experiences have become the new standard. However, when it comes to creating these experiences, it’s like the wild Wild West out there, with endless possibilities. As long as customers are buzzing about it and it’s making a significant impact, retailers...
