As consumers grow tired of retailers’ increasing utilization of locked display cases, cable ties and electronic tags, many are switching to digital channels to eliminate this major friction point, Amazon CEO Andy Jassy noted. On the eCommerce giant’s earnings call Thursday (Aug. 1), Jassy spoke...
Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. The new offerings include an improved search function, an enhanced image search, and the company’s new AI-powered chatbot, according to a Monday (Aug. 5) press release. “AI presents an enormous leap forward...
This week in paycheck-to-paycheck shopping news, retail brands are sharing that consumers are becoming less cautious in their spending on small purchases such as groceries, even as they continue to show belt-tightening behaviors for large-ticket products such as furniture. Consumer packaged goods brands Mondelez International...
Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. The luxury retailer, which last month announced it was merging with Neiman Marcus, has missed payments to dozens of the brands it works with, fashion industry news source Glossy reported Monday (Aug. 5). “What I don’t understand is how...
As brands tap partnerships to reach consumers in more parts of their day-to-day lives, Chipotle Mexican Grill is once again getting into the makeup game. On Tuesday (July 30), the fast-casual restaurant giant dropped its “burrito-proof lip stain” in partnership with Wonderskin, a brand that...
Analysts are reportedly awaiting earnings reports from major retailers with interest after Amazon’s latest results “sent a chill” through the sector. Amazon reported its results Thursday (Aug. 1), while Walmart will do so on Aug. 15, followed by Target and Kroger, Reuters reported Friday (Aug....
Online fashion retailer Revolve Group is reportedly looking at opening more brick-and-mortar stores in luxury destinations after opening its first such store in Aspen, Colorado, in June. Revolve is considering opening stores in Hamptons beach towns outside New York; Montecito, California; Manhattan; and Beverly Hills,...
As Walmart and Amazon look to boost their margins through digital media sales, the two retail giants are sweetening the deal for potential advertisers. The former announced last month that its warehouse club chain subsidiary Sam’s Club’s Member Access Platform (MAP) is launching display ads...
Consumers are choosing different kinds of sellers when they shop online compared to in stores, with mass merchants winning out in eCommerce while grocers lead in brick-and-mortar. By the Numbers The 2023 PYMNTS Intelligence report “Apple Pay @9: The Battle for in-Store Adoption and Usage”...
