As sports teams look to the rise of digital platforms to drive engagement and spending, the Tennessee Titans are the latest to announce a long-term strategy for their retail arm’s omnichannel growth. The NFL team shared Monday (April 1) that it entered a long-term exclusive partnership with digital sports...
After years of strong sales growth, Ulta Beauty is warning of a slow period ahead. The retailer’s chief executive said Wednesday (April 3) that he expects moderate mid-single digit sales growth, sending the company’s stock tumbling. “What we’ve seen so far is a slowdown in the total category...
Since 2019, PYMNTS Intelligence has closely tracked the battle between the U.S.’s two top retailers, Walmart and Amazon, and each quarter we share our findings in our “Whole Paycheck Report.” As is made clear by the title of our most recent report, “New Consumer Spend...
As economic pressures continue to constrain consumers’ spending power, Shipt is seeing on-demand delivery shoppers turn to deals and concentrate their engagement around peak times. In an interview with PYMNTS, Katie Stratton, chief growth officer at the Target-owned on-demand delivery aggregator, spoke to how consumers’...
As retailers look to offer positive payment experiences to shoppers to keep them coming back, a significant share sees false declines as a sticking point, PYMNTS Intelligence research shows. By the Numbers The PYMNTS Intelligence study “Fraud Management, False Declines and Improved Profitability,” created in...
As retailers feel shoppers’ belt-tightening behaviors hurt sales, many are turning to in-store retail media to increase their revenue and profit margins. Mega-retailer Walmart, for its part, shared in a news release Monday (April 1) how it is expanding its efforts in the space. “The shopping journey...
As eCommerce merchants look for ways to win the trust of and build connection with their shoppers, some are turning to pop-ups to create real-world relationships with shoppers without sinking the high cost into permanent brick-and-mortar stores. Take, for instance, fast fashion giant Shein. The...
As ongoing economic pressures have consumers continuing to shop secondhand to save on retail spending, brands are looking to capture this growing opportunity through direct resale platforms. Resale operating system Archive announced last week via LinkedIn a partnership with footwear brand Dr. Martens on its new resale initiative, ReWair, through which the...
Retail inventories increased to $808.8 billion in February. That figure is 0.5% higher than January and 5.6% higher than it was a year earlier, the Census Bureau said in a Friday (March 29) press release sharing advance economic indicators. The bureau also revised its previously...
