Credit cards have been a lifeline in the current inflation-fueled economy. But for the consumers who have been using their credit cards to cover a broad and significant portion of everyday expenses — the high spenders — the pressure looms to find new, alternative ways...
Franchise Group, owner of retailers like Vitamin Shoppe, is set to become a private company. The retail holding company announced in a news release Wednesday (May 10) that it would be taken private by a group led by CEO Brian Kahn in a deal worth...
Best Buy has modified its membership programs and added a more affordable paid tier. The electronics retailer now offers three tiers based on what it has learned from customers who used its previous two tiers, including its first paid membership that was launched in 2021,...
It was once said, “The RealReal is a total mess and I can’t quit it.” That said, keeping up with the company’s progression has been an engrossing tale to follow, as it has looked to various ways to craft its path to profitability but continues...
Etsy continues to rework its positioning to encourage consumers to think of Etsy as a go-to destination for all things shopping, instead of a niche platform for handmade and vintage items. The company is launching its Wedding Registry experience, in a bid give customers more...
Artificial intelligence (AI) platform Everseen has raised $71 million to help retailers prevent theft. The Irish company, whose computer vision technology can block theft at self-checkout stations, announced the Series A round, led by Crosspoint Capital, in a Thursday (May 11) press release, saying it...
Blackstone wants to give regional banks more lending power ahead of a looming credit crunch. Jon Gray, president of the private equity giant, told the Financial Times in an interview published Thursday (May 11) that his firm was in discussions with large regional banks in...
A lot changes in just a few months. Through the past few weeks, several banks have failed. Businesses have been roiled by concerns about their cash, about being able to access funds when needed. Inflation, of course, has been running rampant, lending an extra sense...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Mesh Payments CFO Anna King says CFOs don’t have the luxury of assuming the current company spend is the best...
