America’s relationship with Canada is causing pain for companies on this side of the border. As Reuters reported Monday (March 31), a growing “Buy Canadian” movement is hurting U.S. consumer goods companies that had depended on selling their products in stores in Canada. The report cites the...
GameStop said it expects to close a “significant number” of stores in fiscal 2025 after closing 970 stores in fiscal 2024. The plan is part of the retail gaming destination’s ongoing evaluation of its international assets and operations aimed at achieving sustained profitability, GameStop said...
Amazon is rolling out a feature to connect consumers to more of the goods they like. Artificial intelligence-powered Interests provides shopping guidance and product recommendations, according to a Tuesday (March 25) press release. “With Interests, you can create personalized shopping prompts tailored to your interests,...
Petco is working to enhance the omnichannel capabilities and digital experience it offers customers as part of “Phase 2” of its effort to reinvent its brand and position itself to regain market share. The pet health and wellness chain began this phased process six months...
A decade after acquiring Family Dollar for more than $8 billion, Dollar Tree is selling the chain. A pair of private equity groups will acquire Family Dollar for $1 billion, according to a Wednesday (March 26) press release. The deal comes 16 months after Dollar...
While the narrative of Amazon’s ascendance in discretionary spending and Walmart’s grip on grocery sales dominates the retail conversation, a closer examination of the latest PYMNTS Intelligence report, “Tale of Two Shoppers: Amazon for Discretionary Spending, Walmart for Groceries and Basics,” reveals nuanced shifts in...
A comprehensive study of U.S. grocery and non-grocery retailers with annual revenues exceeding $500 million has laid bare the critical link between data readiness and financial performance. And it found that companies failing to effectively leverage data are significantly lagging behind their more data-savvy counterparts....
In the midst of the pandemic, the direct-to-consumer (D2C) model — cutting out the middleman, the wholesalers, even the physical storefront — seemed poised to shake up commerce. Initially, the likes of Casper (mattresses) and Allbirds (footwear) among others, had focused on eCommerce and then moved...
Indian online grocer Zepto is reportedly in talks on a secondary sale that would allow employees and some existing investors to sell as much as $250 million worth of shares. The proposed secondary sale would value the company at the same level as a funding...
