Retailers are seeking discounts from suppliers and raising prices on goods amid America’s tariff efforts. As The Wall Street Journal (WSJ) reported Sunday (March 16), a lot of this activity has thus far centered on products from China, the subject of two rounds of 10%...
Produce suppliers and grocery stores have reportedly been busy adapting to the on-again, off-again tariffs imposed on Mexico and Canada. The changing policies have created challenges for companies that deal with fruits and vegetables, which are perishable and have thin profit margins, The Wall Street...
Mark your calendar for earnings reports. For Amazon it’s April 29. For Walmart it’s May 15. If you have any stake or interest in the fortunes of the American consumer, those dates will be ones to watch, because as the first quarter draws to...
Digital acceleration, personalization and a new marketplace are on the agenda at Ulta Beauty, the company’s new CEO said Thursday (March 13) during a quarterly earnings call. Kecia Steelman, who became the company’s president and CEO Jan. 6, said during the call that Ulta Beauty...
Lowe’s has introduced an artificial intelligence (AI)-powered virtual home improvement assistant. Dubbed “Mylow” and introduced by the home improvement retailer Wednesday (March 12), the tool lets customers get answers to project how-to questions while also searching for the proper products for their job. “Developed in collaboration with OpenAI and leveraging...
American car buyers are reportedly speeding up their shopping due to tariff worries. As Reuters reported Tuesday (March 11), car dealers have an average three-month supply of vehicles, and car companies have so far gotten two reprieves on tariffs since President Donald Trump said they would go...
The retail sector in the United States is competitive, and Amazon has steadily gained ground, driven by a surge in discretionary spending. According to the PYMNTS Intelligence Whole Paycheck Report, “Walmart or Amazon: Where Do Consumers Spend ‘Fun’ Money?,” discretionary spending covers “wants” rather than...
CVS is reportedly opening 12 smaller-footprint locations focused more on healthcare than consumer products. As The Wall Street Journal (WSJ) reported Sunday (March 9), the new stores will feature full-service pharmacies but limited retail. These stores, the report said, will be — on average —...
The home furnishings market is witnessing a shift, with Amazon gaining ground while Walmart struggles to maintain its share. The PYMNTS Intelligence report “Walmart or Amazon: Where Do Consumers Spend ‘Fun’ Money?” found that Amazon increased its share of the home furnishings market, accounting for...
