In an era where luxury is becoming increasingly defined by personalization, wealthy consumers are demanding that brands innovate, tailoring their offerings to match their individual preferences. Take, for instance, luxury giant LVMH. The company’s Selective Retailing business, offering “personalized shopping experiences matched to individual aspirations,”...
As Amazon and Walmart compete to win consumers’ retail spending, it seems the former may have had more success with its summer deals event than the latter, widening the gap beyond even last year’s marked disparity. The eCommerce behemoth shared Thursday (July 18) that...
As Vera Bradley transforms to meet consumers’ evolving omnichannel expectations, the brand is upgrading its stores to better fit how consumers want to shop. In an interview with PYMNTS following the accessories, fashion and home goods brand’s announcement of its refresh, CEO Jackie Ardrey shared...
Petco has named former Five Below CEO Joel D. Anderson as its new CEO and a member of its board of directors, effective July 29. This announcement from the pet care retailer comes a day after Five Below said that it had begun a leadership...
Starbucks has teamed with Mercedes-Benz to bring electric vehicle (EV) charging to its stores. The collaboration with Mercedes-Benz High-Power Charging, announced Wednesday (July 17), will place chargers at more than 100 Starbucks stores across the country, starting along Interstate 5, “a critical west coast travel...
Amazon Prime Day’s opening day reportedly generated $7.2 billion in U.S. sales. That’s according to a report Wednesday (July 17) by Reuters, citing data from Adobe Analytics. That data, the report said, also showed a massive increase in back-to-school spending, which jumped 210% compared to...
With years of financial challenges compounding shoppers’ deal-seeking behaviors, Amazon and its competitors are seeing spiking demand for their summer deals events. Early reports suggest that Amazon Prime Day, the two-day event that began Tuesday (July 16), may already be outpacing last year’s performance by...
At a time when its competitors were announcing new grocery options by the hundreds, Grubhub appeared to be hanging back. Still, as it enters the fray, the aggregator sees a path to quickly regain its competitive footing. In an interview with PYMNTS, Craig Whitmer, vice...
Five Below has announced a leadership transition, with Joel Anderson stepping down from his roles of president and CEO, and from the board of directors, to pursue other interests. The retailer has appointed its chief operating officer, Kenneth Bull, as interim president and CEO, and...
