Retail

Retail
Marriott Lets Members Redeem Points for Taylor Swift Concert Tickets
February 27, 2024

Marriott International’s loyalty program, Marriott Bonvoy, is now enabling members to redeem points to see a concert on Taylor Swift’s The Eras Tour. Eligible members can also enter a sweepstakes for a chance to see one of the stops of the tour, Marriott said in...

Retail
Hasbro Cuts Costs, Emphasizes Core Products as Toy Sales Dip
February 27, 2024

In a bid to navigate through tough times, Hasbro is sharpening its focus on cutting costs to revive its toy and game business. Despite a challenging year that saw a 15% drop in revenue to $5 billion, the company is determined to save money to...

Retail
Macy’s Shuttering 150 Stores With Shoppers ‘Still Under Pressure’
February 27, 2024

Macy’s plans to close 150 of its stores as it focuses on its luxury brands. The department store chain made this announcement Tuesday (Feb. 27) as it released quarterly earnings, saying that the closures would affect about a third of its stores and play out over the next two...

Retail
Macy’s Looks to Digital to Mitigate Impact of Store Closures on Loyalty
February 27, 2024

As Macy’s closes locations by the hundreds, the retailer is turning to digital to keep customers engaged even as they lose their local, physical stores. The company shared in its fourth-quarter and full-year fiscal 2023 earnings results Tuesday (Feb. 27) that it intends to close...

Retail
CarGurus Says AI-Powered Insights Help Dealers Adjust Prices to Boost Sales
February 26, 2024

CarGurus has been rolling out new artificial intelligence (AI) features to give both dealers and consumers the information they’re looking for. With these offerings, the digital platform for shopping, buying and selling new and used vehicles has improved engagement, delivered insights and increased efficiency, CarGurus...

Retail
Wish Unveils Trade-In Program as Consumers Embrace Resale
February 26, 2024

Mobile eCommerce platform Wish has launched a new trade-in program for old technology. Beginning next month, customers in certain parts of Europe can trade in devices such as smartphones, laptops and tablets in return for cash, the company announced in a Monday (Feb. 26) press release. “Wish Trade-In” is...

Retail
Joybird Uses 3D Scans as Homeware Brands Tap Immersive Tech
February 26, 2024

As homeware brands tap mixed-reality digital capabilities to build trust in their eCommerce platforms, Joybird is using 3D room scanning to build consumer confidence in its products. The La-Z-Boy-owned direct-to-consumer company announced Thursday (Feb. 22) the launch of digital design tools from product visualization platform...

Retail
Allure Bridals Offers New Stock Financing Program to Merchants
February 26, 2024

Bridal and formalwear brand Allure Bridals has debuted a finance program for retailers. The program is “a first-of-its-kind program within the bridal industry,” the Memphis-based company said in a Monday (Feb. 26) press release. It is designed to let retailers make sure they have the stock they need while...

Retail
Move Over, Midas — Brands Seek the Taylor-and-Travis Touch
February 24, 2024

America’s new “it couple” seems to be single-handedly creating an economic boom for every company they shop at, and whether the two are in it for the long haul or destined to become the next Taylor breakup album, brands are thrilled to reap the benefits...