J.Crew is the latest retailer to overhaul its rewards program to make it more enticing for shoppers to use often. Through its new J.Crew Passport program, the company is taking a page out of subsidiary Madewell's playbook by offering tiered rewards for its most loyal customers.

Etsy's pandemic-induced sales bump appears to be coming to an end. The company’s net income came in at $86.1 million, down 40.1% compared to a year ago. Furthermore, Etsy sales increased by a lesser-than-expected rate, jumping about 5.2% from year-over-year. This marked the first time the company grew by just...