pymnts Profile:
Target (NYSE: TGT)
Target Corporation is the eighth-largest department store retailer in the United States, and is a component of the S&P 500 Index.
Biden Cancels $6 Billion in Debt for Grads of Failed Art Institutes
May 1, 2024The White House has forgiven $6.1 billion in loans for Art Institutes graduates. That’s because, the Department of Education said in a news release Wednesday (May 1), those graduates were lied to by the now ...Read moreAntitrust Lawsuit Targets Hotel Giants for Alleged Price Fixing with AI
April 30, 2024A major antitrust class action lawsuit has been brought to federal court in San Francisco. The lawsuit, filed on Friday, accuses six prominent hotel operators of colluding to manipulate prices ...Read moreCleo Adds Order Automation Solution to Enhance B2B Buying Experience
April 30, 2024Cleo has introduced an order automation solution designed to help suppliers offer an enhanced B2B buying experience to their customers. The new CIC ORCA (Order-to-Cash Automation) portal delivers an “eCommerce to ...Read moreWalmart’s Vizio Acquisition Faces FTC Antitrust Review
April 30, 2024Walmart’s proposed acquisition of smart-TV manufacturer Vizio Holding Corp. is now set to undergo rigorous scrutiny by the Federal Trade Commission (FTC), as confirmed by Vizio on Tuesday. According to disclosures ...Read moreReem Finance and Visa Partner on Digital Payments in UAE
April 29, 2024Reem Finance, a financial services provider in the United Arab Emirates (UAE), has partnered with Visa to expand its offering of digital payment solutions. With the new strategic partnership agreement signed by the ...Read moreThe State of Main Street Heading Into Small Business Week
April 26, 2024Despite the moniker attached to their segment, small businesses loom large in the American economy. And with the U.S. Small Business Administration (SBA) celebrating National Small Business Week starting Sunday (April 28), ...Read moreFTC and State Attorneys General Poised for Strengthened Action on Biometric Privacy
April 26, 2024While the U.S. historically has had certain protections for biometric data through privacy laws, most notably the Illinois Biometric Information Privacy Act, swift developments in the U.S. privacy framework have ...Read moreBiometric Privacy as a Case Study for U.S. Privacy Overall
April 26, 2024Privacy law in the United States is best described as a patchwork of rules and regulations at both the state and federal level. This development is perhaps no better exemplified ...Read moreBipa 007- Biometric Privacy Laws or License to Kill Businesses
April 26, 2024The uses for biometric information are fascinating, but the consequences are frightening. Illinois’ Biometric Information Privacy Act is the most robust biometric privacy legislation in the country. It is a ...Read moreBanks Need ‘Change Management Checklist’ in Battle Against Fraud
April 26, 2024Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as Chris Caruana, VP of Strategy at ...Read more
Grubhub Deepens Grocery Offering With Mercato Partnership
April 18, 2024Grubhub is expanding its grocery presence via a partnership with online marketplace Mercato. The collaboration, announced Thursday (April 18), will bring Mercato’s inventory from more than 950 independent grocery stores nationwide to the Grubhub Marketplace. “Grubhub ...Read moreKraft Heinz Sales Dip as Shoppers Make ‘Smaller Trips’
February 14, 2024From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14). Speaking ...Read moreWalmart Shares Hit All-Time High as Groceries Draw Shoppers
November 3, 2023Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at $166.30, is the highest point since ...Read moreBuoyant Grocery Spend Sharpens Online, Offline Battle Lines Between Walmart and Amazon
September 15, 2023The latest official data from the United States government gives a nod to the fact that U.S. consumer spending on grocery products remains buoyant. The resilience will likely give new impetus ...Read moreReport: Hostess Weighs Sale After Takeover Interest From Food Giants
August 27, 2023Some of the world’s biggest food companies are reportedly interested in buying Hostess Brands. The Twinkies-maker is considering a sale after hearing takeover interest from companies that include General Mills, PepsiCo, Mondelez International and The Hershey Company, ...Read moreDeliveroo Orders Drop, but Customers Up Spending by 10%
August 10, 2023Deliveroo Plc, the British food delivery company, posted strong earnings on Thursday (Aug. 10) for the first half of 2023, even while total orders fell 6% as the company looks to ...Read moreWalmart Offers Customers on Government Assistance Walmart+ Discounts
July 20, 2023Walmart is continuing its efforts to court customers who receive government assistance. The retail giant on Thursday (July 20) announced the debut of its Walmart+ Assist program, which offers customers on government assistance half ...Read moreConsumers Purchase Groceries at Walmart, Saving Pricier Item Spend for Amazon
June 30, 2023Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. In-person shopping beats online in how often consumers shop at the world’s largest two retailers, ...Read moreWhite Castle Launches Beer as Restaurants Enter Grocery Stores
March 30, 2023As restaurants expand their grocery store offerings, White Castle is doubling down on branded beer. On Thursday (March 30), the quick-service restaurant (QSR) chain announced the launch of its second beer ...Read moreCostco Leverages Prepared Food Demand to Drive Memberships Amid Inflation
March 2, 2023Costco is drawing in customers amid inflation by meeting their demand for more affordable restaurant alternatives. On a call with analysts Thursday (March 2) discussing the members-only warehouse chain’s second quarter ...Read more
DoorDash Reports Record-High Orders as Consumers Seek Digital Solutions, Convenience
May 1, 2024DoorDash set new company records across several metrics in the first quarter as it continued to expand its services into new segments of the local retail economy. The on-demand delivery aggregator set ...Read moreCarvana’s Inventory ‘Constrained’ as Online Used Car Retailer Posts Record Q1
May 1, 2024Online used car retailer Carvana reported “milestone” first quarter (Q1) results on Wednesday (May 1), fueling a 30% surge in its stock price. This strong performance comes on the heels of ...Read moreEBay Targets Gains in Back Half of 2024 Amid ‘Tough’ Discretionary Spending Environment
May 1, 2024EBay’s gross merchandise volume (GMV) eked out slight gains in the most recent quarter, but the tally of 131 million active buyers in the quarter was unchanged. And growth may be ...Read moreReport: Epos Now Considers Sale of Minority Stake, Other Options
May 1, 2024Epos Now is reportedly considering a sale of a minority stake in the business and other strategic options. The British payments group is discussing the options with advisers, Reuters reported Wednesday (May 1), ...Read moreConsumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
May 1, 2024As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call. The marketplace shared in its first ...Read moreEstée Lauder Targets New Customers With Amazon Storefront, ‘Creator Council’
May 1, 2024Estée Lauder Companies’ debut of its first brand on the U.S. Amazon Premium Beauty store has “greatly exceeded” the company’s retail sales expectations so far. This new offering, which started with the Clinique brand in late March ...Read more68% of Main Street SMBs Leveraging Social Media See Increasing Revenues
May 1, 2024Since April 2021, most Main Street small to mid-sized businesses (SMBs) in the U.S. have been experiencing significant growth. In fact — according to PYMNTS Intelligence’s latest SMB Growth Monitor Report, ...Read moreConsumers Demand Anti-Fraud Tools From eCommerce Merchants
May 1, 2024As scammers and fraudsters become more sophisticated, shoppers are demanding more effective prevention tools from their eCommerce merchants. By the Numbers The PYMNTS Intelligence study “Fraud Management, False Declines and Improved Profitability,” ...Read moreCVS Q1 Earnings Take A Hit From Insurance Venture
May 1, 2024The volatile consumer healthcare sector showed up big in CVS’ Q1 earnings Wednesday (May 1), with solid revenue from its store operations but a warning about revenue projections due to its ...Read morePfizer Reportedly Plans D2C COVID and Migraine Drug Platform
May 1, 2024Pharmaceutical giant Pfizer is reportedly creating an online platform selling anti-COVID and migraine medications. The platform, the subject of a Wednesday (May 1) Financial Times (FT) report, comes as drug makers are pushing to ...Read more
Mastercard: Tokenized Transactions Grow 50% Year Over Year
May 1, 2024Mastercard said in its most recent earnings report on Wednesday (May 1) that the shift to digital payments from cash is gaining strength, and contactless and tokenized transactions are proving ...Read morePayment Innovations Help Small Businesses Navigate the Main Street Maze
May 1, 2024Payments are the lifeblood of any business, but for small businesses, they are particularly crucial. And with the news that, in the last 12 months, Main Street businesses have operated with ...Read moreGoogle Transitioning Fitbit Pay to Google Wallet in Most Countries
April 30, 2024Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web page said. “Fitbit Pay will no ...Read moreOnline Gaming and Instant Payments Drive Entertainment’s Digital Adventure
April 30, 2024In line with the digital transformation sweeping across industries, Six Flags has embarked on a digital transformation initiative aimed at redefining the guest experience in theme parks. Central to this endeavor ...Read moreReal-Time Rental Payments Provide Alternative to Outdated Systems
April 30, 2024More than 34% of Americans rent their homes, representing billions of dollars in monthly rental payments to landlords and property managers. Despite this large sum, rent payments often rely on ...Read moreBoost CEO: Cleaning Up Manual Payments Drives Business Certainty
April 30, 2024In the midst of chaos, there is also opportunity. That quote, from Sun Tzu’s “The Art of War,” dates to the fifth century B.C. But it is just as relevant today, as businesses around the globe ...Read moreReem Finance and Visa Partner on Digital Payments in UAE
April 29, 2024Reem Finance, a financial services provider in the United Arab Emirates (UAE), has partnered with Visa to expand its offering of digital payment solutions. With the new strategic partnership agreement signed by the ...Read moreDigital Wallets Provide Local Touch to Connected Travel Experiences
April 29, 2024Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions. Among the eWallets ...Read moreBank of America: Digital Makes Healthcare Payments as Easy as Paying Any Other Merchant
April 29, 2024There’s no shortage of analysis these days about the effect inflation has had — and will have — on the banking and payments industry. But there are other implications as ...Read moreEarnings Put Spotlight on Banks’ Full-Scale Digital Transformation
April 26, 2024The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and financial services providers. During the first ...Read more