In the annals of retail history, few phenomena have captured the imagination quite like Cyber Monday. Born in the early days of eCommerce, Cyber Monday has evolved into Cyber Week and quickly outgrew its Black Friday cousin, which is starting to look positively archaic in...
Best Buy says cautious, deal-chasing consumers and the presidential election kept quarterly sales muted. The electronics retailer released earnings Tuesday (Nov. 26) showing a 2.9% drop in comparable sales, higher than the 1% dip forecast in the company’s guidance. CEO Corie Barry said Best Buy’s...
Walmart and Amazon are both ramping up their strategies for Black Friday and Cyber Monday, seeking to capture consumer interest during the holiday shopping season. Walmart’s Black Friday events will unfold in three phases. The first event begins online on Nov. 11 at noon ET...
“Data readiness” refers to an organization’s ability to collect, manage and use data effectively. It involves ensuring that the data is accurate, accessible, secure and in a format that supports business decision making. The value is clear. Analyzing the most current data can quicken...
November 01, 2024
Walmart and Amazon are both ramping up their strategies for Black Friday and Cyber Monday, seeking to capture consumer interest during the holiday shopping season. Walmart’s Black Friday events will unfold in three phases. The first event begins online on Nov. 11 at noon ET for Walmart+ members, with general access at 5 p.m. ET, […]
August 26, 2024
As promotional events like Amazon Prime Days and Walmart+ Week escalate the rivalry between Walmart and Amazon, distinct consumer trends have emerged. A recent PYMNTS Intelligence Report, First Look: Walmart+...
July 17, 2024
With years of financial challenges compounding shoppers’ deal-seeking behaviors, Amazon and its competitors are seeing spiking demand for their summer deals events. Early reports suggest that Amazon Prime Day, the...
January 03, 2024
Thanks to inflation’s starring role, 2023 featured major retail plot twists — consumers counted their pennies while brands and retailers did some serious soul-searching. This economic blockbuster forced many players...
November 26, 2024
Best Buy says cautious, deal-chasing consumers and the presidential election kept quarterly sales muted. The electronics retailer released earnings Tuesday (Nov. 26) showing a 2.9% drop in comparable sales, higher than the 1% dip forecast in the company’s guidance. CEO Corie Barry said Best Buy’s sales performance was impacted by softer-than-expected consumer demand in September […]
July 07, 2024
After years of steady price increases, food and packaged goods manufacturers and retailers are reportedly offering more discounts in both the United States and Europe. In the U.S., in the 12...
May 28, 2024
Shipments of Apple’s iPhone climbed 52% in China last month following a wave of sales and markdowns. That’s according to a report Tuesday (May 28) by Bloomberg News, citing new...
March 14, 2024
Amazon is preparing to launch its first-ever “Big Spring Sale.” Scheduled for Wednesday through Monday (March 20-25), this event will offer customers in the United States deals on seasonal items like...