Foot Locker is accelerating its transformation into an omnichannel retailer in 2024 after making gains in 2023. The specialty athletic retailer aims to “make the customer journey more dynamic, personalized and seamless,” Foot Locker said in a presentation released Wednesday (March 6) in conjunction with its quarterly earnings...
Two reports from opposite sides of the globe confirmed that in-store and online shopping are intertwined at their best, and retailers need to offer seamless shopping experiences to deliver the most value to modern consumers. First came the news that U.S. retail giant Macy’s will shutter 150...
With the rise of eCommerce having transformed the way consumers engage with brick-and-mortar retail, traditional department store chains such as Macy’s are forced to adapt or fall behind, and with billions on the table, it remains to be seen whether it will stay on the...
Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would give control to lenders and free it of costly debt, Bloomberg News reported Saturday (March 2), citing sources with knowledge of...
Among consumers who pay in installments, PYMNTS Intelligence finds, young shoppers are disproportionately ready to use these options to pay for their groceries. By the Numbers The September 2023 report “Installment Plans Becoming a Key Part of Shopper’s Toolkit,” a PYMNTS Intelligence study done in...
Oreo is getting fancy as snack foods sprinkle in a little bit of affordable luxury to appeal to today’s belt-tightening shoppers. On Monday (March 4), the company will be launching Oreo Thins with tiramisu-flavored crème filling, according the brand’s social channels, marking a more upscale...
As direct-to-consumer (D2C) brands look to improve the digital experience to drive conversion, children’s sleepwear brand Bellabu Bear is seeing generative artificial intelligence (AI) open up new avenues to boost sales. In an interview with PYMNTS, Tamara Jarrar, the brand’s founder and CEO, said AI...
Brands invest significant resources in merchandising, often relying on third-party interventions to ensure proper stocking and presentation of products in stores. To accomplish this, brand representatives are deployed to stores on scheduled route visits or to conduct checks on available products and rectify any issues....
This week, Amazon increased its investments in artificial intelligence, as the eCommerce giant and rival Walmart adopt new technologies to remain competitive. Amazon’s $1 billion Industrial Innovation Fund is ramping up investments in companies that combine AI and robotics this year to boost efficiency throughout its logistical network, Franziska Bossart, head of the corporate...
