Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
PYMNTS » D2C
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1y ago
The continued eCommerce shift has merchants — especially larger ones — pivoting to sell their products directly to consumers (D2C). In that model, they're eschewing third-party wholesalers or relying on local merchants to make inroads into new markets and new countries. Levi’s has been accelerating ..read more
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Footlocker's CEO Pick Reflects Retail's Shift to D2C
PYMNTS » D2C
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1y ago
When your consumers skew digital and your major vendors go direct to consumer (D2C), the store and mall formats that have worked in the past are no longer enough. And for Foot Locker, branching out becomes imperative — especially across digital channels. Friday’s news ..read more
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Warby Parker to Grow Store Count 25% as D2C Darling Accelerates Omnichannel Push
PYMNTS » D2C
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1y ago
Stiff macroeconomic headwinds are in focus for online eyewear brand Warby Parker, which is moving deeper into omnichannel territory via the opening of 40 new physical locations by year’s end, a 25% jump in store count that will put the retail at 201 locations. “Now ..read more
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Retailers Using D2C Playbook for New Store Concepts
PYMNTS » D2C
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2y ago
Amid the pandemic in 2020, U.S.-based retailers said they would close more than 10,700 stores, some of the starkest evidence of COVID-19’s impact on the economy and consumers’ accelerated shift to shopping online. But this year, store opening announcements are nearly double the number of ..read more
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Today in Data: Appeal of High-Value Customers, Self-Service Holidays, Ear Piercing Gets D2C Boost
PYMNTS » D2C
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2y ago
Kohl’s and Best Buy are setting up for a self-service holiday shopping season. Plus, the direct-to-consumer approach is overhauling the mall-based ear-piercing market, and retail brands are catering to high-value enthusiasts. Data: 61M; 226M: Number of Americans using at least one retail subscription service and ..read more
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Metaverse Goes Mainstream, Retailers Adopt D2C Playbook, Resale Sees Opportunity
PYMNTS » D2C
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2y ago
Retailers are borrowing from the direct-to-consumer playbook in their new store concepts. Plus, resale marketplaces find a “compelling opportunity” among the supply chain bottleneck, and brands take their competition virtual as the metaverse goes mainstream. Data: 10M: Number of items that will run through thredUP’s ..read more
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Warby Parker Aims to Be Holistic Eye Care Provider, While Walmart Taps Elton John
PYMNTS » D2C
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2y ago
Direct-to-consumer (D2C) eyewear retailer Warby Parker laid out plans to vastly expand its offerings and market share in the coming years, as it tries to move beyond simply selling glasses and into a full-scale eye care company. “We are evolving from a glasses-only company to ..read more
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Mattress Company Casper to Go Private
PYMNTS » D2C
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2y ago
Casper Sleep Inc. announced on Monday (Nov. 15) that it has agreed to be acquired by Durational Capital Management in a deal that will take the mattress company private. Durational Capital will pay $6.90 per share, a 94% premium over the closing price on Friday ..read more
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D2C Brands Expand Focus, Toys R Us Has Identity Crisis, Dollar General Stands Pat
PYMNTS » D2C
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2y ago
Dollar General won’t follow Dollar Tree’s lead in raising prices. Plus, Warby Parker, Allbirds and ThirdLove expand their product lines, and Toys R Us is still trying to figure out its identity in its latest incarnation. Data: 20K: Number of square feet in the upcoming ..read more
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D2C Brands Buy Local, Build Local to Ease Supply Chain Woes
PYMNTS » D2C
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2y ago
If you’re young and hip and environmentally aware, chances are you’ve already been introduced to the digitally native furniture startup Floyd, a 7-year-old privately held venture that’s headquartered in Detroit. Although this trendy direct-to-consumer (D2C) home furnishings firm doesn’t offer the industry’s largest selection of ..read more
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