How do you convince a generation unused to wearing wristwatches to change their habits? If you’re a luxury brand like Rolex and Cartier, you apparently try to court them using Snapchat and bitcoin. That’s according to a Fashion Network report, which noted research indicating luxury...
TikTok might get banned in the U.S., but advertisers apparently aren’t behaving that way. Ad spending on the popular social media platform grew by 11% last month, the Financial Times (FT) reported Thursday (April 6), citing data from app analytics firm Sensor Tower. Among the...
At its investor day in Tampa, Florida, on April 4-5, Walmart executives laid out a five-year plan that emphasizes membership, choice and a thoroughly modernized customer experience. In his closing day remarks, Walmart President and CEO Doug McMillon said a 4% growth target over the next three to...
Bed Bath & Beyond has collaborated with ReStore Capital to launch a vendor consignment program. With this program, credit-focused investment manager ReStore Capital will purchase up to $120 million in merchandise from the retailer’s key suppliers, on a revolving basis, to increase the availability of...
From clever gift arrangements to scalp health and haircare, former Vice President of eCommerce at Edible Arrangements Erica Randerson has made an interesting pivot and is now leading growth strategy for direct-to-consumer (D2C) brand Divi. But why? “One of the things that drew me to...
This week in grocery, Stop & Shop expands its digital discounts and grocers tap BNPL. Ahold Delhaize-owned Stop & Shop, a grocer with more than 400 stores across five Northeastern states, announced Monday (April 3) that it is expanding its partnership with digital marketplace Flashfood,...
Today’s ever-more digital world has rapidly evolved consumer expectations around the shopper journey. Modern shoppers increasingly want a digital-first experience, and they want it from every merchant they shop with no matter their size. That’s according to data in the latest PYMNTS report, “2023 Global...
Etsy has launched a test of a “Make an Offer” feature for vintage items. The feature, which is being piloted for a limited time, allows buyers to make offers on items that sellers have opted to include in the test, Etsy told PYMNTS in a...
Bookstores — remember those? — have staged something of a comeback during the pandemic years, and the question now is can that really be sustained? Driven by factors from streaming media overload to the timeless appeal of in-store, in-person shopping that has roared back, bookstores...
