PYMNTS-MonitorEdge-May-2024

Best Buy

More Retailers Imitate Prime Day as Consumers Demand Discounts
More Retailers Imitate Prime Day as Consumers Demand Discounts
June 25, 2024  |  Retail

As retailers look to hold their own among bargain-seeking shoppers this summer in the face of competition Amazon’s ever-more-popular Prime Day, Target is the latest...

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Amazon Teases Early Prime Day Deals as Sales Seasons Lengthen
Amazon Teases Early Prime Day Deals as Sales Seasons Lengthen
June 17, 2024  |  Retail

With consumers shifting their spending to key seasonal sales moments, merchants are extending their discount events, with Amazon dropping hints for “early Prime Day deals”...

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Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
May 30, 2024  |  Retail

As consumers prove more cautious about their discretionary retail spending, Best Buy is seeing shoppers hold off until sales events to make big purchases. On...

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FTC: Company Impersonation Scams Cost Consumers Millions of Dollars
FTC: Company Impersonation Scams Cost Consumers Millions of Dollars
May 24, 2024  |  Security & Fraud

The Federal Trade Commission said it has been flooded with reports from consumers who have been taken in by scammers purporting to represent some of today’s leading companies. The FTC said Friday (May...

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Best Buy Forms Retail Media Partnership With CNET
Best Buy Forms Retail Media Partnership With CNET
April 25, 2024  |  Retail

Best Buy has launched a retail media partnership with consumer technology publication CNET. The collaboration is designed to help brands reach larger audiences of “high intent” shoppers at...

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Best Buy Teams With Google on AI-Powered Virtual Assistant
Best Buy Teams With Google on AI-Powered Virtual Assistant
April 09, 2024  |  Partnerships

Best Buy teamed with Google and Accenture on new artificial intelligence-powered offerings for customers. The electronics retailer will begin letting customers get help from an AI-powered virtual assistant, which can...

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Petco Names Ex-Best Buy Executive Mike Mohan as Interim CEO
Petco Names Ex-Best Buy Executive Mike Mohan as Interim CEO
March 13, 2024  |  Personnel

Petco CEO, Chairman and board member Ron Coughlin stepped down from those roles Wednesday (March 13) and was succeeded by Interim CEO R. Michael (Mike)...

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Oura Launches Amazon Brand Store for Smart Rings
Oura Launches Amazon Brand Store for Smart Rings
March 08, 2024  |  Retail

Oura has begun selling its smart rings on Amazon. The company is offering its Oura Ring Horizon and Oura Ring Heritage, as well as the...

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Best Buy Rethinks Its Stores for the Click-and-Mortar™ Shopper
Best Buy Rethinks Its Stores for the Click-and-Mortar™ Shopper
February 29, 2024  |  Retail

With the emergence of omnichannel shopping reshaping consumers’ expectations of brick-and-mortar stores, Best Buy is reconceptualizing its physical spaces. On a call with analysts Thursday (Feb. 29)...

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