News

Retail
Adams Golf Shifts to D2C-Only Sales to Reach ‘Modern Golfers’
May 03, 2023

Aiming to reach a new generation of golfers, Adams Golf has moved fully online. The TaylorMade Golf-owned brand aims to be “a digitally native leader in direct-to-consumer golf equipment,” Adams Golf said in a Monday (May 1) press release. “We’re pushing this brand to be progressive and different, but...

Retail
Simon Property Group’s Strong Start to 2023 Suggests Malls Are Here to Stay 
May 03, 2023

Simon Property Group (SPG), the largest shopping center manager and developer in the United States, has had a favorable start to the year, as indicated in its first-quarter report on Tuesday, which presented gains across different metrics. However, one question remains: Are people still shopping...

Retail
Francesca’s Lures Gen Z and Millennials With Acquisition of Richer Poorer 
May 03, 2023

Francesca’s, a boutique clothing chain, has acquired the lifestyle brand Richer Poorer as part of its strategy to appeal to millennial and Gen Z women. The acquisition aims to expand the retailer’s channel reach by taking advantage of its strong wholesale network, as well as...

Retail
Tech Giants See Boost in Advertising Revenue, but Will It Last? 
May 03, 2023

Recent quarterly reports indicate that major tech companies such as Amazon and Meta have experienced a boost in advertising revenue, suggesting a possible recovery of the digital advertising industry. However, as retail media gains momentum and brands and retailers seek new ways to attract and...

Retail
Adore Me Teams With Walmart to Reach New Customers
May 03, 2023

Adore Me has teamed with Walmart to expand its direct-to-consumer (D2C) lingerie brand. The apparel company, owned by Victoria’s Secret, has been working for the last two years with intimate designer Gelmart on an under-the-radar partnership to develop an exclusive line for Walmart called Adored...

Banking
Regional Banking Crisis Just Beginning: Ex Fed Official
May 03, 2023

An ex-Federal Reserve official said America’s regional banking crisis hasn’t yet passed. Former Federal Reserve Bank of Dallas President Robert Kaplan said in a Wednesday (May 3) interview with Bloomberg Television that the country’s central bank should hold off on interest rate hikes as troubles...

Banking
KMPG’s Auditing Scrutinized After Trio of Bank Failures
May 03, 2023

America’s biggest bank auditor is reportedly under fire after a trio of high-profile banking failures. KPMG, one of the “Big Four” accounting firms, was the auditor for Silicon Valley Bank (SVB), Signature Bank and First Republic Bank, all of which were taken over by federal...

Retail
Businesses Turn to Shopping Data to Find Their Best Customers
May 03, 2023

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. Brad Wiskirchen, GM and SVP of Kount, an Equifax Company, says businesses need to focus on finding the customers...

Banking
Why SocGen’s B2B Marketplaces Strategy Needed FinTech
May 03, 2023

Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via these platforms are expected to quadruple from $1 trillion to $4 trillion between 2020 and...