Even in the face of inflation, consumers are proving that they won’t “checkout” easily when it comes to tradition. Last week, PYMNTS delved into whether shoppers were ready to swap out real Christmas trees for alternatives, and the verdict was a resounding commitment to tradition. ...
Convenience retailers are seizing on the electric vehicle (EV) charging opportunity to drive sales, as consumers wait around with little to do but shop. Last month, for instance, Texas-based convenience store chain Buc-ee’s, which has nearly 50 locations, announced a strategic agreement with Mercedes-Benz for...
The luxury industry is reportedly facing a slowdown as shoppers sober up after their pandemic spending spree. This slowdown has left luxury brands with a growing pile of unsold stock, The Wall Street Journal (WSJ) reported Friday (Dec. 8). Sales across the sector rose by...
As Walmart is observing a reduction in customers’ grocery expenses due to the use of appetite-suppressing medications, Amazon is exploring opportunities with third-party grocery providers to enhance its presence in the grocery market. These actions come as both retailers, like everyone else, grapple not only...
When it comes to Lululemon and its customers, the brand seems to create a retail cult following, leaving many to wonder: What’s the secret sauce that makes these customers so committed to this athleisure temple of sorts? “One of our competitive advantages is our ability...
Levi Strauss & Co. (LS&Co.) has announced the next steps in a leadership transition plan announced about 13 months ago. President and CEO Chip Bergh will retire from the brand-name apparel company on April 26, LS&Co. said in a Thursday (Dec. 7) press release. Michelle Gass, who...
Kroger has teamed with Soda Health to give consumers greater access to pharmacy and nutrition services. The companies’ “Smart Benefits” partnership combines Kroger Health’s services with Soda Health’s “&more” platform and is open to participating Medicare Advantage, Medicaid and employer benefits program recipients, per a Thursday (Dec. 7) press...
As prices go up and people feel the pinch in their wallets due to inflation, Ollie’s Bargain Outlet is standing out as the go-to place for discounts. “We are built for this environment,” said John Swygert, president and CEO of Ollie’s, during the company’s latest...
This retail season, the spotlight is on customer value, and Chewy is serving it up to its customers who foot the bill for their furry companions — also cherished customers. According to the company’s latest earnings report, Chewy exhibited strong performance during Black Friday and...
