Nordstrom’s founding family is reportedly mounting another effort to take the retailer private. The department store chain is in negotiations with banks on the deal, Reuters reported Tuesday (March 19), citing unnamed sources. In 2017, Nordstrom put together a special committee to consider a buyout deal, discussing...
As direct-to-consumer (D2C) brands look to drive long-term loyalty in the crowded, highly competitive category, johnnie-O is seeing personalized communications keep shoppers engaged over the long term. In an interview with PYMNTS, John Collins, the brand’s CEO, discussed the risk that D2C brands face when they do not...
As DoorDash aims to shift its focus from just restaurant delivery to on-demand fulfillment overall, the aggregator is expanding its beauty selection to drive adoption of its non-consumable offerings. In an interview with PYMNTS, Fuad Hannon, the aggregator’s vice president of new verticals, noted that the...
With many consumers accustomed to the convenience of eCommerce, a significant portion of retail shoppers are engaging exclusively via digital channels, PYMNTS Intelligence finds. By the Numbers The report “Consumer Interest in an Everyday App,” a PYMNTS Intelligence and PayPal collaboration, draws from a survey of more...
Checkout technology company Bolt has launched a partnership with payments solutions provider Checkout.com. The collaboration makes Bolt Checkout.com’s “exclusive one-click checkout provider” with Checkout.com becoming “Bolt’s preferred payment partner,” the companies said in a Monday (March 18) press release. “By integrating Bolt’s industry-leading checkout technology with Checkout.com’s enterprise-grade payment solutions,...
With economic pressures squeezing the lower and middle classes’ budgets, brands and retailers are setting their sights on the shoppers who still have cash to burn. Indeed, many brands that operate across luxury and mass-market categories are turning their focus to the higher end of...
As retailers face ongoing margin pressures from a difficult economic environment, many are growing increasingly concerned about the losses they may be accruing from theft from organized crime gangs. A recent Alameda Police Department news release highlighted $75,000 in recovered retailer property as part of a...
As St. Patrick’s Day approaches, beer and liquor brands are gearing up for a showdown to see who can win consumers’ boozy spending, and the methods are getting unconventional. From ancestry revelations to charm necklaces, alcoholic beverage brands are looking beyond the pint glass to...
Consumers’ shift to eCommerce has not killed the bookstore yet. From industry giants’ recoveries to the reemergence of independent players in the space, the bookstore continues to serve a valuable need for many consumers. Barnes & Noble, which has had its challenges and which continues...
