Retail sales

Farfetch Aims to be at Center of Luxury Brands’ Shift to Digital
Farfetch Aims to be at Center of Luxury Brands’ Shift to Digital
February 27, 2023  |  Retail

Luxury retail marketplace Farfetch is facing the same inventory and macroeconomic headwinds as other players in the sector but is pushing forward with plans to...

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Food and Energy Inflation Data Hint at Disposable Income Pressure
Food and Energy Inflation Data Hint at Disposable Income Pressure
February 24, 2023  |  Economy

Inflation is making paying for basics of everyday life — food especially — harder to swallow. Earlier this week, PYMNTS reported that the cost of essentials...

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From PayPal to Splitit, Earnings Season Underscores BNPL’s Wide Embrace
From PayPal to Splitit, Earnings Season Underscores BNPL’s Wide Embrace
February 24, 2023  |  BNPL

There have been speed bumps for buy now, pay later. PYMNTS’ own data shows that the opportunity is significant for BNPL providers: Research shows 2.8% of...

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For Amazon and Walmart, It’s a Battle of Price, Convenience and the Right Stuff
For Amazon and Walmart, It’s a Battle of Price, Convenience and the Right Stuff
February 24, 2023  |  Retail

The battle between the top two retailers has never been more digital, and by all accounts, that shift will only increase. “If you look at...

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GoDaddy Bundles Payment Technology and Domains to Create Pay Links
GoDaddy Bundles Payment Technology and Domains to Create Pay Links
February 23, 2023  |  Payment Methods

GoDaddy has bundled payment technology and domains to create branded pay links. With these new Payable Domains, businesses with a newly registered or existing domain can...

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Ant Group Profit Falls 83% After China Tech Crackdown
Ant Group Profit Falls 83% After China Tech Crackdown
February 23, 2023  |  Earnings

China’s Ant Group’s quarterly profits plummeted following a long-term crackdown on the country’s tech sector.  The FinTech contributed $145 million to its affiliate Alibaba’s earnings,...

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Amazon Invests in Online Grocery as Supermarkets Boost In-Store Tech
Amazon Invests in Online Grocery as Supermarkets Boost In-Store Tech
February 23, 2023  |  Retail

This week in grocery, Amazon backs an online grocery startup, Giant leverages video and self-checkout evolves. In Amazon’s ongoing efforts to grow its share of perishables, the...

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Mytheresa Sees Widening Gap Among Luxury Shoppers
Mytheresa Sees Widening Gap Among Luxury Shoppers
February 23, 2023  |  Retail

For Mytheresa, the high-end retail segment is diverging. This, as the newly listed luxury brand marketplace says it sees a difference between what it calls...

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Amazon Prime, Walmart+ Subscription Battle May Be Decided by Younger Consumers
Amazon Prime, Walmart+ Subscription Battle May Be Decided by Younger Consumers
February 22, 2023  |  Subscriptions

The winner in the battle between Amazon Prime and Walmart+ for subscribers’ wallet share may be decided by younger consumers. Recent earnings results by the two...

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