The Home Depot posted surging comparable sales as part of its quarterly results. In retail, Walmart provided better-than-anticipated top- and bottom-line growth, as more customers purchased products online and were increasingly inclined to visit its stores. And in payment methods, a growing portion of consumers are seeking buy now, pay later (BNPL) options...
Secondhand furniture marketplace Kaiyo recently announced that it had landed an investment to power its expansion, as consumer demand for eCommerce, resale and the circular economy soars. In regulation, the Federal Trade Commission (FTC) is casting doubt over 7-Eleven’s acquisition of Speedway stores. And in dining, eateries are still adapting...
Overall retail and food sales stalled in April in the face of increasing prices and the absence of stimulus checks that powered a large increase in March. In brick-and-mortar retail, Neighborhood Goods recently rolled out a new in-store concept named The Marketplace that curates and showcases different consumer packaged goods....
Chinese eCommerce company Alibaba said it plans to look for growth in new global markets after finishing a blockbuster year. And in payment methods, the pandemic is showing the unique and evolving payment preferences of different generations. To that end, millennials and Gen Z members are seeking frictionless debit-based mobile...
Celebrity-backed The Honest Company made its trading debut on the Nasdaq last week, but shares in the company have declined for a number of days. In retail trends, the post-pandemic wedding industry is making up for lost time. And in physical retail, a number of consumers want to take the digital...
Simon Property Group reported that the improving domestic economy is fueling a rise in shopper sentiment, foot traffic and sales throughout its global real estate portfolio. In luxury marketplaces, The RealReal said it would open more neighborhood stores in affluent communities as it forecasted that gross merchandise value (GMV) would grow this...
The mix of merchants and service providers aiming to take a bite out of the pet care space has never been larger. In retail, Eddie Bauer will become another brand added to the stable of SPARC Group. And in dining, consumers’ food ordering preferences are changing alongside their pandemic fears. All this, Today in Data. Data:...
Planet Fitness added new members last quarter as consumers look to get back in the game. In recurring payments, upscale fitness equipment maker Peloton reported that the ranks of its connected fitness subscribers have surged. And in eCommerce, recent research indicates that consumers’ perceptions of merchant trustworthiness determine...
Etsy reported in its quarterly results that the “incredible momentum” it saw last year during pandemic-related lockdowns continued, although it cautioned that the fast pace of growth would decelerate along with a broader forecasted slowdown in eCommerce. In retail, new economic analysis shows that cooped-up U.S. consumers are eager...
