News

Investments
Ghost Raises $30 Million to Grow B2B Marketplace for Surplus Inventory
August 21, 2023

Ghost has raised $30 million to grow its members-only B2B marketplace that helps brands and retailers move surplus inventory. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Retail
Social Media Shopping Blocked By a Lack of Trust 
August 21, 2023

Shopping over social media seems to be the next frontier of eCommerce spend, with 43% of consumers (approximately 110 million individuals) browsing these platforms to find goods and services. However, only 14% (36 million individuals) buy those goods and services via social media.  Get the...

Retail
Estée Lauder Embraces Science, Expertise and TikTok to Get Consumers to Shop 
August 21, 2023

In 1968, Vogue magazine published an article titled “Can Great Skin Be Created?” by beauty editor Carol Phillips. It caught the attention of dermatologist Dr. Norman Orentreich and journalist Evelyn Lauder, who were both intrigued by the idea of merging dermatology and cosmetics to create a...

eCommerce
Gucci Doubles Down on China’s Consumers With JD.com Expansion
August 21, 2023

As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
Chinese eCommerce Giants Embrace Lower-Priced Goods
August 21, 2023

Consumers in China have started trading down, and the country’s eCommerce giants are acting accordingly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Regulation
Big Tech Faces ‘Glass-Steagall Moment’ in Europe
August 20, 2023

Big tech companies like Google and Apple will soon face sweeping new regulations in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Security & Fraud
Report: Tesla Data Breach Was an Inside Job
August 20, 2023

A data breach at Tesla in May was apparently the work of insiders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Retail
StockX’s Luxury Resale Dominance: Can Everday Sneakers Step Up?
August 19, 2023

Sneaker rental platform Kyx World learned a hard lesson in January. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Faster Payments
30% of Consumers Swap Instant for Slower Payments to Avoid Fees
August 19, 2023

Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...