As Amazon and Walmart look to generative artificial intelligence (AI) to improve their businesses and capture more of consumers’ total spending, Amazon is stepping up its investment in the space by the billions. The eCommerce giant announced Wednesday (March 27) that it has made an additional $2.75 billion investment in AI...
Overstock.com is back online, promising savings of 30% to 70% and a growing range of product categories. The relaunch of the brand was announced in a Thursday (March 28) press release by parent company Beyond, which also owns the online retail brands Bed Bath & Beyond and Zulily....
With consumers looking for more frictionless authentication, retailers ranging from Whole Foods to Steak ’n Shake are adding biometric payments. Amazon has been looking to remove friction from its Amazon One pay-by-palm capability, most recently launching an app to make signups easier, per an announcement Thursday (March 28), where consumers could previously only sign...
Tutch has appointed Microsoft veteran Greg Jones as its CEO as it expands into the U.S. market. The company, which is backed by Microsoft and already operates in Australia, offers retail technology that provides a digital experience for consumers while they are shopping in brick-and-mortar stores, Tutch said...
Some Estée Lauder Companies brands will open dedicated storefronts in the U.S. on Amazon’s Premium Beauty destination over the coming months. This rollout will start with Clinique, which announced its debut on the store in a Wednesday (March 27) press release. “We are delighted to introduce Clinique to new...
Beyond has partnered with X to promote Overstock, Bed Bath & Beyond and Zulily on the social media platform. This strategic partnership will include the delivery of custom short- and long-form lifestyle entertainment content, the development of customer acquisition and retention strategies, and the opportunity to spotlight the company’s brands during key events...
As retailers look to drive loyalty with high-income consumers, apparel and accessories emerge as a key point of entry for winning the biggest earners. The February/March installment of the PYMNTS Intelligence series “New Reality Check: The Paycheck-to-Paycheck Report: Why One-Third of High Earners Live Paycheck...
As specialty retailers are challenged to find ways to hold their own against retail giants such as Amazon, Buybuy Baby is leaning on its specialty selection to keep customers coming back to its digital and physical stores. Raina Khumush, director of marketing and digital, explained in an interview...
Digital features were once the exclusive domain of online shoppers. Just as savvy in-store shoppers knew where to find the bargain bin, savvy online shoppers knew where to click to earn special deals. That’s all changed. Increasingly, consumers of all stripes know how to leverage...
