Nordstrom CEO Erik Nordstrom and President Pete Nordstrom have told the retailer’s board that they’re interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company...
Social media virality is beginning to shape mall stores, as ultra-connected Gen Z shoppers expect their physical lives to more closely resemble their digital ones. For instance, young social media users have flocked to fashion brand Edikted, which has roughly 600,000 followers on both Instagram...
Retail subscriptions represent a massive growth opportunity for eCommerce merchants. PYMNTS Intelligence data reveals that more and more consumers are choosing to take advantage of the convenience that online retail subscriptions provide. In “The Replenish Economy: A Household Supply Deep Dive,” a report PYMNTS Intelligence...
Shoppers who are willing to leave their favorite retailers in search for better prices are hesitant to make the same kinds of changes when it comes to grocery shopping, PYMNTS Intelligence research reveals. By the Numbers According to a PYMNTS Intelligence survey, the majority (52%) of...
After years of being conservative in their spending in response to ongoing economic challenges, shoppers are looking for ways that they can feel more indulgent without breaking the bank, demanding that retailers offer more premium — but accessible — options. Here is where collaborations come...
Walmart will launch a new service that allows suppliers to combine insights from its data monetization platform with its closed-loop, omnichannel retail media solutions. This combination of Walmart Luminate insights and the Walmart Connect retail media solutions was piloted last year and will be available to all Walmart Luminate Charter...
With the moderately well-off shopper spending differently than the high-earner, luxury brands are seeing aspirational shoppers forced to give up their favorite indulgences. On a call with analysts Tuesday (April 16) discussing its first quarter fiscal 2024 financial results, luxury giant LVMH shared that it...
As leading consumer-packaged goods (CPG) brands continue to raise their prices slowly but persistently, shoppers who are on the fence are looking for more affordable options. According to a Reuters report Monday (April 15), Procter & Gamble is finally expecting its price increase contribution to...
Last month, Amazon introduced its first-ever Annual Big Spring Sale. Whereas Amazon’s Prime Days events are designed to woo Amazon subscribers into filling their shopping carts with merchandise, the Big Spring Sale was the first Amazon event to cater to non-subscribers as well. As PYMNTS...
