Shoplifting surged by 30% in England and Wales over the last year, a government agency reported Wednesday (July 24). Leaders of a retail trade union and a convenience store trade association attributed the increase in part to insufficient police presence and a too-high threshold for...
As consumers cut back on many premium products in the face of ongoing economic challenges, luxury chocolate brand MarieBelle New York is benefitting from shoppers’ desire to enjoy high-end experiences without breaking the bank. In an interview with PYMNTS for this week’s Shop Talk, Maribel...
As grocery shoppers increasingly seek out Click-and-Mortar™ technologies for a seamless omnichannel experience, Albertsons is seeing double-digit online growth, helped by its rewards refresh. The grocery giant, which has more than 2,200 stores across the U.S., shared in its first-quarter fiscal 2024 financial results, reported...
Croissant has launched an iOS mobile app that shows consumers guaranteed resale prices on apparel and accessories while they shop at more than 100 brands and retailers. After consumers have purchased an item, they can later resell it for the guaranteed price with just a...
As budget-strapped consumers seek deals to help alleviate the financial burden of their back-to-school shopping, brands are rolling out lower-priced and/or discounted goods to win over these customers. On Thursday (July 18), Walmart announced that it is offering thousands of under-$10 school supplies, including backpacks,...
Restaurant stocks have been struggling this summer, though it’s not quite clear why. As Seeking Alpha reported Sunday (July 21), weakening consumer confidence and consumer spending are likely the key reasons, though there could be another reason diners might be shunning quick-service restaurants, or QSRs....
Luxury brands have begun lowering their prices to win back middle-income shoppers. As The Wall Street Journal (WSJ) reported Sunday (July 21), this move — by companies such as Burberry and Yves Saint Laurent — is aimed at enticing the 330 million people who spend...
Sunday (July 21) is National Ice Cream Day, and as the event has evolved for today’s digital consumers, brands are taking advantage of shoppers’ enthusiasm for the sweet treat to drive online engagement. Take, for instance, Cold Stone Creamery, which is using the occasion to...
Earlier this month at The Lead Summit in New York City, Jed Berger, president of apparel company Kenneth Cole Productions, and PJ Oleksak, CEO of Nuts.com, offered valuable perspectives on steering their companies through transformative changes while preserving brand integrity. Kenneth Cole, renowned for his innovative...
