Retail/page/3 news and trends

Ross Stores: ‘Treasure Hunt Environment’ Drives Off-Price Store Sales

November 22, 2024
Leading Indicators: Bumpy Holiday Season for Consumers, and Maybe B2B Too?
Economy // November 22, 2024

This week, PYMNTS Intelligence noted the appeal of paying over time — especially now, headed into the holiday shopping season, which starts, well, now. Our data show that 43% of consumers say pay later availability — on cards and also through buy now, pay later...

Gap’s ‘Brand Reinvigoration’ Focus Turns to In-Store and Online Experiences
Earnings // November 22, 2024

Gap Inc. is refining both its digital and in-store channels as it works to reinvigorate its apparel brands. The parent company of Old Navy, Gap, Banana Republic and Athleta said this Thursday (Nov. 21) while reporting its third-quarter results. For the Old Navy brand, the company is delivering more clarity...

Two-Thirds of Digital Wallet Users in France Use Them for Everything but Payments
Mobile Wallets // November 22, 2024

Digital wallets are becoming essential tools for French consumers, especially as the country embraces the convenience of mobile payment solutions. In the past year, 38% of consumers in France made online purchases using their digital wallets, and younger generations, particularly Generation Z, are leading the...

Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025
Amazon // November 21, 2024

European regulators are reportedly set to investigate whether Amazon’s marketplace favors its branded products. The European Union (EU) investigation is “likely” to come next year, Reuters reported Thursday (Nov. 21), citing sources with direct knowledge of the matter. The eCommerce giant could face a fine...

Interviews & Exclusives
Investing in Innovation To Drive Success

November 20, 2024
Data can help businesses retain customers and drive revenue, Fiserv Senior Vice President and General Manager, Global eCommerce and Carat Platform Casey Klyszeiko writes in a new PYMNTS eBook, “The New Value Equation: 11 Financial Services Leaders Share Their Vision for 2025.”   Planning for success in today’s digital landscape requires a clear understanding of […]

For Retailers, Data Simplicity Is All About the SKU

November 20, 2024
In a landscape where data fuels decisions and insights drive growth, simplicity has taken center stage. “Data is the key to driving simplicity,” Banyan Chief Product Officer Vish Shastry told...

High-Income Shoppers Load Up Their Grocery Carts at Walmart

November 19, 2024
During the latest conference call with analysts, Walmart’s management observed that that, in a quarter where same-store sales were up 5.3% in the United States, transaction counts and unit volumes...

Amazon Innovates on Alexa and ‘Hauls’ in a New Shopping Experience

November 15, 2024
With a nod to digital engagement and the fast-approaching holiday shopping season, Levi’s launched the Levi’s Jeans Fit Guide in Germany, using Amazon Alexa technology to help shoppers find the...

Quick Reads
Ross Stores: ‘Treasure Hunt Environment’ Drives Off-Price Store Sales

November 22, 2024
Ross Stores aims to draw customers and drive sales by offering value and a “treasure hunt environment,” executives said Thursday (Nov. 21) during the off-price retailer’s quarterly earnings call. At its Ross Dress for Less and dd’s Discounts stores, which are largely focused on apparel and home goods, the company turns goods quickly by offering […]

Gap’s ‘Brand Reinvigoration’ Focus Turns to In-Store and Online Experiences

November 22, 2024
Gap Inc. is refining both its digital and in-store channels as it works to reinvigorate its apparel brands. The parent company of Old Navy, Gap, Banana Republic and Athleta said this Thursday (Nov. 21)...

Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025

November 21, 2024
European regulators are reportedly set to investigate whether Amazon’s marketplace favors its branded products. The European Union (EU) investigation is “likely” to come next year, Reuters reported Thursday (Nov. 21),...

Instacart CEO Focuses on Grocery Partnerships as Firm’s Value Drops

November 21, 2024
Instacart’s CEO is focusing on grocery partnerships amid investor skepticism. Fidji Simo discussed these efforts in an interview with Bloomberg’s The Circuit With Emily Chang, set to air Thursday (Nov. 21) evening. Since becoming...