Costco will raise its annual membership fees in the United States and Canada for the first time in seven years. Effective Sept. 1, in those countries, the retailer is adding $5 to the cost of its Gold Star (individual), Business and Business add-on memberships and...
Nike continued its shift from direct-to-consumer (D2C) to wholesale channels over the past three months. During the quarter ended May 31, the footwear, apparel and equipment company’s Nike Direct revenues were down 8% on a reported basis, to $5.1 billion, while its wholesale revenues were...
Sam’s Club said its artificial intelligence (AI)-powered exit scanners are now in 120 stores. The technology, first announced in January, eliminates the practice of having customers wait in line as they exit the bulk retailer to have their receipts checked by employees. “Sam’s Club’s rapid deployment of its exit...
The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the use of stablecoins for retail payments, “we are increasingly complementing that work with a focus...
October 14, 2024
The biggest trend this fall in fashion retail? It’s independent retailers, Kristin Savilia, CEO at JOOR told PYMNTS’ Karen Webster. “Independent retailers are having their moment right now because they’re able to curate to the audience they know best and are buying what they know their customer will love,” she added. Within JOOR’s own marketplace platform, a […]
April 11, 2023
When goods pile up on shelves and in wholesale channels, markdowns loom. And among the latest spate of economic data, there are hints that a summer slowdown for many merchants...
August 09, 2022
Like any other part of the world, there’s been a rapid adoption of digital services in the Middle East and North Africa (MENA) region, where the value of cross-border trade...
July 10, 2024
Costco will raise its annual membership fees in the United States and Canada for the first time in seven years. Effective Sept. 1, in those countries, the retailer is adding $5 to the cost of its Gold Star (individual), Business and Business add-on memberships and adding $10 to the price of its Executive Memberships, Costco […]
June 27, 2024
Nike continued its shift from direct-to-consumer (D2C) to wholesale channels over the past three months. During the quarter ended May 31, the footwear, apparel and equipment company’s Nike Direct revenues...
April 30, 2024
Sam’s Club said its artificial intelligence (AI)-powered exit scanners are now in 120 stores. The technology, first announced in January, eliminates the practice of having customers wait in line as...
April 15, 2024
The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the...
