Affirm’s gross merchandise volume grew 77% YoY in Q4. It plans to launch new products and features to boost volume and engagement.
Malls need to change: As department stores right-size and shift to smaller formats, mall operators need new types of businesses to drive people to their shopping centers.
Beauty sales show no sign of slowing: Both Coty and Ulta Beauty reiterated a positive outlook as the premiumization trend continues.
Kroger invests in faster, better grocery delivery: The grocer is opening two highly automated fulfillment centers in Illinois and Tennessee to cast a wider net for ecommerce sales.
2022 will present retailers with a host of challenges as soaring consumer prices, high unemployment, and a plummeting currency weigh heavily on shoppers’ minds—and wallets.
Visa and Mastercard blamed fraud and intensifying competition for higher post-Brexit cross-border fees in responses to the UK Parliament.
Retailers take aggressive action to stem the tide of unionizations: Starbucks, Amazon, Trader Joe’s, and more are closing stores, delaying negotiations, and pursuing dogged legal action to keep unions from making headway.
Who took home the trophy and who went home with a consolation prize? We asked our Retail Reimagined team to give us the lowdown.
Consumer sentiment is ticking up as inflation slows: While that’s good news for most retailers as the holidays near, rising interest rates could pose challenges.
Peloton’s recovery is a long way off: The digital fitness company’s $1.2 billion loss last quarter is the least of its challenges amid declining demand and the return to gyms.
Peloton breaks away from D2C with Amazon partnership: The fitness company wants to be where the shoppers are, even if it means making sacrifices.
Petco’s Q2 earnings miss the mark as inflation hits pet owners: But strong demand for consumables and services kept the company growing for the 15th-consecutive quarter.
This is Google Wallet’s first foray into Africa as payment providers capitalize on the region’s flourishing payments market.