Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is now seeking investors in an attempt to avoid bankruptcy, Bloomberg reported Wednesday (Aug. 28), citing...
IKEA is reportedly testing a peer-to-peer marketplace where customers can sell each other secondhand furniture. IKEA Preowned is the Swedish retailer’s attempt to take on companies such as eBay and Craigslist, and will be tested in Madrid and Oslo for the remainder of the year...
Consumers are thinking twice before pulling the trigger to buy even everyday items — a hesitation to spend that’s evidencing itself in slowdowns and headwinds for all manner of firms across all avenues of commerce. There’s resilience, to be sure, but the resilience looks to be...
Wayfair saw its quarterly sales dip amid continued pressure on home goods consumers. “Customers remain cautious in their spending on the home, and our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space...
March 15, 2024
With mega-retailers Amazon and Walmart competing to secure consumers’ loyalty for high-ticket purchases such as furniture, the eCommerce giant is pulling further ahead by the quarter. This trend can be seen in the latest data from the PYMNTS Intelligence “Whole Paycheck Report” series, which estimates each of the two retailers’ market share in various categories […]
August 15, 2023
Retail sales keep on chugging along. To that end, the data released Tuesday (Aug. 15) by the Commerce Department showed that consumer spending, overall, remained strong against a backdrop where...
April 30, 2020
Retailing, like everything else in the business world, is falling into pre- and post-pandemic reference points. Many retail technologies have benefitted from that schism, among them augmented reality. Before the...
November 08, 2019
This a story about how a dubious, painful achievement — and we use “achievement” cautiously here — became a business plan, and one of the newer entries into the expanding...
August 28, 2024
Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is now seeking investors in an attempt to avoid bankruptcy, Bloomberg reported Wednesday (Aug. 28), citing unnamed sources. No final decision has been made on any […]
August 26, 2024
IKEA is reportedly testing a peer-to-peer marketplace where customers can sell each other secondhand furniture. IKEA Preowned is the Swedish retailer’s attempt to take on companies such as eBay and...
August 01, 2024
Wayfair saw its quarterly sales dip amid continued pressure on home goods consumers. “Customers remain cautious in their spending on the home, and our credit card data suggests that the category...
June 04, 2024
On-demand junk removal company LoadUp has launched a division dedicated to helping eCommerce furniture retailers generate additional revenue from each customer interaction, including in traditional areas of loss in return...
