May 20, 2024
CE 100 Up 1.6%, Led by Tencent’s Rally After Earnings
The CE 100 Index gathered 1.6% in a week that saw nine of the 10 pillars gain ground. The lone pillar to decline was the Move segment, which gave up...
May 17, 2024
Online Sales Recede From 2023’s Year-End Splurge
The year-end-splurge online may come as no surprise. The pullback in the first quarter may come as no surprise, either. The overall movement is upward — where eCommerce is following...
May 17, 2024
Three-Quarters of Young Consumers Favor Click-and-Mortar™ Grocery Shopping
Millennials and Generation Z consumers are not satisfied choosing between digital and physical channels to do their grocery shopping — they want it all. By the Numbers The PYMNTS Intelligence study “ConnectedEconomy™...
May 17, 2024
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Speaking on CNBC’s Fast Money, Simon said that when the...
May 17, 2024
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income...
May 16, 2024
Walmart CFO: Shoppers Replacing Fast Food With Groceries
Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive”...
May 16, 2024
Walmart’s Q1 Earnings Show Caution on Consumer Spending
Walmart reported better than expected Q1 earnings Thursday (May 16) but that’s not the most important story. The earnings announcement and subsequent analyst call showed a price-driven retailer making adjustments...
May 16, 2024
Walmart’s Luminate Data Platform Goes International
Three years after its launch in the United States, Walmart Luminate, the retailer’s insights solution, is being rolled out worldwide. Walmart’s data analytics product suite will be expanded to Walmex in Mexico before...
May 14, 2024
12% of Shoppers Would Use Embedded Lending at Favorite Stores...
For a sizable share of consumers, embedded lending options such as buy now, pay later (BNPL) would be their first choice of payment method at their preferred stores, PYMNTS Intelligence...
