As the Trump administration rolls out — and rescinds — tariffs on Canada and Mexico, investors were anxious to learn how the policy would impact Costco. The company’s reliance on membership fees for more than 70% of its operating profits gives it an advantage over competitors...
Kroger saw growth in digital sales, employees’ use of artificial intelligence (AI) tools and the benefits of personalization during its fourth quarter, which ended Feb. 1, executives said Thursday (March 6) during the grocery giant’s quarterly earnings call. The company saw 11% growth in digital...
In a retail world where growth is harder to come by, Macy’s is prioritizing stability over expansion, adjusting to the realities of a more competitive and unpredictable market. Macy’s fourth-quarter results released Thursday (March 6) reflect a retail landscape where resilience is the key due...
A common theme in recent earnings calls involving The Home Depot, Lowe’s and Target has been the “cautious consumer” as shoppers are becoming more selective about their spending, often waiting for the right moment to make a purchase rather than buying impulsively. You can add Foot...
With cautious consumers making forecasting more difficult, Target on Tuesday (March 4) announced a plan to increase revenue by $15 billion over the next five years, a goal that underscores the company’s strategic push to deepen customer engagement through its physical stores and digital platforms....
Best Buy said Tuesday (March 4) that the U.S. tariffs on China that went into effect Feb. 4 could have a negative impact of about one point of comparable sales if they remain in place for a full year. This is the consumer electronics retailer’s...
Paysafe says it is looking to its digital wallet business as a growth driver for the coming year. The payments company on Tuesday (March 4) released quarterly and full-year earnings showing revenue growth of a respective 1% and 6%. Total payment volume came to $40 billion for the...
Artificial intelligence (AI) is at the core of ThredUp’s strategy, driving growth and improving customer engagement. New customer volume rose 32% year over year, according to CEO and Co-Founder James Reinhart, and AI has played a pivotal role. By focusing on AI, clothing reseller ThredUp...
Ongoing financial pressure has forced many consumers to live paycheck-to-paycheck, prompting retailers to adjust their strategies to meet the demands of cost-conscious shoppers. With inflation continuing to outpace income growth, PYMNTS Intelligence data shows 67% of U.S. consumers are living paycheck-to-paycheck. As a result, many...
