The TJX Companies saw softer sales at its home businesses after two years of “extraordinary growth.” For full-year fiscal 2023, comparable store sales at the firm’s HomeGoods and Homesense locations were down 7% while those at T.J. Maxx, Marshalls and Sierra were up 7%, TJX...
Overstock.com’s refocus on selling home-only merchandise is not without its costs. This, as the Utah-based direct-to-consumer (D2C) retailer reported sharp declines in both its fourth quarter and full year earnings results Wednesday (Feb. 22), as a drop in active customers saw fewer people spending less...
The recovery of physical retail is also bringing new levels of innovation and experimentation to the in-store experience as the online and physical worlds meet and meld in creative ways. That’s always been the M.O. of Neighborhood Goods, whose updated take on the department store...
Uber is upping its aid to Ukraine as the country’s war with Russia enters its second year. The ride hailing/delivery company announced Wednesday (Feb. 22) it had expanded its partnership with Ukrainian President Volodymyr Zelenskyy’s donations platform UNITED24 to help raise money for ambulances for...
International movie theater chain Cinépolis has increased its transaction success rate by 6% with a Click to Pay program. The program — which features Mastercard Click to Pay and was implemented by Payments Orchestration platform Spreedly — lets customers pay securely without having to manually...
Instant checkout, scan-and-go and unattended retail have been buzzwords as consumers flock back to stores. Turning promise into reality is something else entirely. Peter Davey, senior vice president and head of the Innovation Lab at The Clearing House, said the path toward the ultimate, seamless...
For the FinTech IPO Index, it’s been a long journey — down. On a day that saw Nasdaq plunge 2.5%, and in a month that brings COVID-19 near the three-year anniversary of being termed a pandemic, it’s worth taking the pulse of how various FinTech...
For smaller merchants, the online sale’s the easy part — compared to logistics. For the eCommerce juggernauts — Walmart, Amazon and Shopify among them — there’s money to be made, and merchant loyalty to be minted, by offering a single point of access to handle...
A British regulator has told eMoney firms that they need to change some practices. Financial Conduct Authority (FCA) Director of Payment and Digital Assets Matthew Long sent a letter to eMoney company CEOs and directors on Tuesday (Feb. 21) ahead of new Consumer Duty rules...
