Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores, in states including Georgia, Maryland, New Jersey, …
Read More »Buy now, pay later plans are booming in the Covid economy
New sneakers, a MacBook, a Peloton — you can pay for almost anything in installments these days. Like the layaway plans of old, but now called point-of-sale loans, “buy now, pay later” lets shoppers break their purchases into equal installment payments without interest or fees, even using a debit card, …
Read More »Stitch Fix (SFIX) shares skyrocket on earnings beat, upbeat outlook
Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago. Its stock was last up more than 33% in after-hours …
Read More »America needs more warehouses to handle record holiday returns: CBRE
With a record amount of returns projected to flow back to retailers this holiday season and in the coming years, the United States is going to need more warehouse space to handle them, according to a new report. As much as $70.5 billion worth of holiday purchases this year are …
Read More »UPS puts shipping limits on some retailers for holidays, report says
A driver for an independent contractor wears a protective mask while operating a delivery truck to delivery N95 respirator masks outside a United Parcel Service Inc. (UPS) Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020. Luke Sharrett | Bloomberg | Getty Images UPS reportedly told its …
Read More »Walmart CEO Doug McMillon says focus is on Walmart+ experience as it scales
Doug McMillon, CEO of Walmart. Adam Jeffery | CNBC Walmart CEO Doug McMillon said the discounter wants to grow its new membership program, Walmart+, but won’t sacrifice customer experience for subscriber numbers. “One of the worst things we could do would be to sell a bunch of Walmart+ memberships and …
Read More »Walmart+ members to get free online shipping without a minimum
A Walmart package is unloaded from a trailer to be sorted at a FedEx ground hub in Hagerstown, Maryland. Andrew Harrer | Bloomberg | Getty Images Walmart said it will drop its online shipping minimum for customers who belong to its membership program, Walmart+. Starting Friday, Walmart+ members will get …
Read More »Shoppers spend $10.8 billion on record e-commerce day
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019. Michael Nagle | Bloomberg | Getty Images Holiday shoppers went online Monday and spent $10.8 billion, setting a record for the largest U.S. online shopping day …
Read More »Time to test the limits of e-commerce
An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is …
Read More »Cyber Monday shopping tips to help prevent fraud, identity theft
Holiday shopping doesn’t need to break the bank. More shoppers are expected to choose online shopping this holiday season amid the Covid-19 pandemic. But other dangers lurk online, and most shoppers are not aware that they could be putting their personal financial data at risk. A majority of shoppers — …
Read More »Black Friday 2020 online shopping surges 22% to record $9 billion, Adobe says
People visit at the Shops at Hudson Yards during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020. Eduardo Munoz | Reuters Spending online on Black Friday this year surged nearly 22% to hit a new record, according to data from Adobe Analytics, as the …
Read More »Holiday gift-givers want their money to matter
Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, as Davis’ daughter Chrstiana Davis looks on, at the store in the Windsor Hills neighborhood of Los Angeles, California, November 24, 2020. Patrick T. Fallon | AFP | Getty Images Holiday shoppers are not only …
Read More »Black Friday online shopping on track to hit record, Adobe says
People look at jewelry at Macy’s Herald Square during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020. Eduardo Munoz | Reuters Online sales on Black Friday are on track to reach a record high this year, as bargain hunters combed websites for deals and …
Read More »Black Friday may have seen ‘fundamental change’ due to Covid pandemic
The coronavirus pandemic caused retailers to shift their approach to the holiday shopping season, opening the promotional window for Black Friday deals much earlier than years past. And some in the retail industry believe the adaptions may become standard practice going forward. “We’re seeing a fundamental change in the promotional …
Read More »Customers will see only benefits
David McInerney, CEO, FreshDirect Source: CNBC FreshDirect customers have nothing to fear after the company was bought by the Dutch owner of Stop & Shop and Food Lion, the grocery delivery service’s CEO said Tuesday. Ahold Delhaize and Centerbridge Partners, a private equity firm, announced Wednesday that they would be …
Read More »NRF sees holiday sales up 3.6% to 5.2%, in a ‘strong finish’ to 2020
Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish to 2020, despite all of the challenges that the coronavirus …
Read More »So long, doorbusters! Retailers roll out weeks of deals
People shop at Macy’s Herald Square during early opening for the Black Friday sales in New York City, November 28, 2019. Andrew Kelly | Reuters On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way through crowded aisles to get a jumpstart on their holiday …
Read More »Black Friday is almost here. And shoppers are anxious.
A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety about shopping in stores and enclosed malls is only escalating, …
Read More »Retailer benefits from being ‘one-stop solution’
Target CEO Brian Cornell said customers may come to its store with a short shopping list or a particular item in mind, but they’re filling up their baskets and leaving with many purchases. “We’re seeing a guest who’s shopping all of our categories, taking advantage of our one-stop solution,” Cornell …
Read More »China to become the world’s biggest luxury market by 2025, Bain says
A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China to become the world’s biggest luxury market by 2025, according …
Read More »Retailers try to make returning online purchases easier
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images First comes the holiday season, then the flood of returns. With e-commerce sales exploding during the coronavirus pandemic, retailers may see more returns than ever before. After all, shoppers do not …
Read More »Walmart (WMT) Q3 2021 earnings
Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Scott Olson | Getty Images Walmart reported third-quarter earnings on Tuesday that topped Wall Street’s expectations as customers continued to shop online and sent U.S. e-commerce sales soaring by 79%. The discounter said customers are embracing the …
Read More »Shoppers seek out more meaningful gifts amid pandemic
Care packages, such as the ones made by Gift Box Love Co., have been a popular gift item on Etsy during the pandemic. Gift Box Love Co. For about two years, Ashley Houck has put together care packages of items like candles, bath salts and caramels with a personalized note. …
Read More »EBay touts sale of rare Air Jordan sneakers
EBay has dropped one of its largest collections of Air Jordans in the e-commerce company’s history, as it looks to broaden its reach in the $2 billion secondary sneaker market, which is seeing rapid growth during the coronavirus pandemic. In recent days, it has been rolling out 60 sneakers per …
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