Walmart is looking to MacBooks to drive up its share of consumer electronics spending as Amazon continues to widen its lead in the category. The mega-retailer recently announced that it is now selling the MacBook Air with the M1 chip on its website, with the product...
The days of consumers mentally segregating in-store shopping from its online counterpart are over. Nowadays, as PYMNTS Intelligence’s “2024 Global Digital Shopping Index: The Rise of the Click-and-Mortar™ Shopper and What It Means for Merchants” report makes clear, consumers worldwide simply think in terms of “shopping.”...
As consumers continue to feel the economic pressures, Lululemon is seeing shoppers spend more cautiously. The athletic apparel retailer saw challenges in the United States, even as other markets quickly grow their adoption. The company shared in its fourth quarter and full year fiscal 2023 financial...
Walmart is reportedly making a renewed effort to entice wealthier shoppers. As Bloomberg News reported Thursday, the retail giant is renovating or building more than 800 locations across with things like improved lighting and higher-end products. Jordan Berke, a former Walmart executive and founder of Tomorrow Retail Consulting, said...
As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below the latest to pull back on the technology. The discount retailer, which targets Gen Z and Gen Alpha consumers and...
Because many consumers may still be smarting from last month’s 3.2% bump in inflation, they appear to be reluctant to shop for retail items. What can merchants do to woo hesitant shoppers back into their stores and web domains? One answer might lie in data reflecting buying patterns...
The National Retail Federation (NRF) expects retail sales to grow between 2.5% and 3.5% in 2024. That forecast is in line with the 2023 annual sales growth and the 10-year pre-pandemic average annual sales growth — both of which were 3.6%, the trade association said in a...
An expected post-pandemic resurgence in engagements may be delayed by today’s economic conditions. High inflation and an uncertain labor market could lead couples to put off getting married, Gina Drosos, CEO of Signet Jewelers, the owner of Kay Jewelers and Zales, told Bloomberg in a report posted Wednesday (March 20). Drosos said...
French luxury house Hermès faces an antitrust lawsuit in California around its Birkin handbags. The suit alleges that Hermès violates antitrust law by “tying” the sale of one item to that of another, as its associates push customers to buy other products to get an...
