December 09, 2022
Consumers Want Deals More Than Experiences This Christmas
Personalized experiences have slipped below bargains on holiday shoppers’ lists this season. This shift represents a sharp reversal in customer preference amid record-high inflation that has impacted the rising cost...
December 09, 2022
Black Friday Marked ‘Biggest Day Ever’ for Lululemon’s Revenue
Athleisure retailer Lululemon Athletica reported earnings on Thursday with a positive look at its eCommerce expansion. The company’s results for the third quarter 2022 were mainly positive thanks to increased...
December 09, 2022
Bottom Bunk’s Chargeback Experience a Cautionary Tale for SMBs
“What’s a chargeback?” Cole Richman, owner and founder of Bottom Bunk, had to ask his payments processor that question not long after launching the online sneaker and apparel store in...
December 08, 2022
Mobile Wallets Attract Consumers Looking for New Payment Options
Mobile wallet usage for brick-and-mortar purchases rose 9% globally in Q2 2022. This signals increased consumer adoption of the alternate payment method that harkens the wholesale embrace of credit cards...
December 08, 2022
GameStop CEO: ‘Brink of Bankruptcy’ Turnaround Near Completion
GameStop’s CEO says the ailing retail chain is on the cusp of an unprecedented turnaround. While investors who saw the company post back-to-back sales declines and its seventh consecutive quarter...
December 08, 2022
65% of UAE Consumers Use Smartphones to Improve Shopping Experience
Most UAE consumers have their smartphones handy when shopping online or in-store. That finding comes from the 2022 Global Digital Shopping Index report, a PYMNTS and Cybersource collaboration, which relied...
December 07, 2022
Digital Payments Give Retailers an Edge With Credit-Leaning Shoppers
More shoppers are turning to financing alternatives to make the holidays merry and bright. This includes one-third of Black Friday shoppers, who funded their purchases with credit cards, loans and...
December 07, 2022
Digital and Mobile Wallet Payments Brighten a Gloomy Black Friday
Two-thirds of American shoppers say they’re spending less on their wants than last year. Inflation is dampening holiday shopping budgets, both worldwide and across the United States. As the domestic...
December 06, 2022
More Men Than Women Shop Online for Groceries
Men use eGrocery channels more than women, and this divide is especially wide for aggregators. For the PYMNTS study The ConnectedEconomy™ Monthly Report: The Gender Divide, we surveyed more than 2,600...
