In today’s top retail news, BJ’s Wholesale Club has tapped Citizens Bank to let members finance purchases over $99, while PVH announced as part of its financial results that its direct-to-consumer (D2C) revenue soared. Plus, Target and Walmart have revealed sales events to match Amazon’s Prime Day.
BJ’s Wholesale Club has tapped Citizens Bank to offer Citizens Pay as a buy now, pay later (BNPL) payment choice for members to finance purchases that are more than $99. Members can select terms of 24 months, 12 months, six months or three months depending on the amount of the purchase. They can use Citizens Pay to finance different kinds of items like TVs.
PVH, whose roster of labels includes names like Calvin Klein and Tommy Hilfiger, reported that its total D2C revenue soared by 66 percent in the first quarter of 2021 from the prior year period. Moreover, PVH noted that its wholesale revenue for the first quarter surged by 53 percent from the prior year period.
Target and Walmart, among other retailers, are moving to dilute Amazon’s just-announced Prime Day event on June 21 and 22 by unveiling their own plans to hold competing sales. In revealing its “Deals For Days” occurring June 20 to 23, Walmart is jumping ahead of its online competitor by a day and extending afterwards by an additional day.
Now that people in the United States are finding it safer to go back to pre-pandemic activities, The North Face wants to make sure they get outside. And that means everyone. The outdoor apparel and retail company is building on the announcement last autumn of its Explore Fund Council, which coordinated a group of explorers, artists and outdoor recreation advocates.