News

Retail
H&M Reports Small Uptick in Sales Amid Fast Fashion Fight
March 15, 2023

Fast fashion brand H&M saw a slight increase in sales as it faces increased competition in the crowded sector. 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...

Retail
J.Jill Customer Strategy Welcomes Everybody and Delivers Profits
March 15, 2023

Largely crediting its “Welcome Everybody” initiative, U.S. women’s fashion retailer J.Jill on Tuesday (March 14) announced its net sales in the fourth quarter gained 1.7% to reach $147.7 million, with comparable sales up by 5.3%, according to a company press release. Get the Full Story...

Retail
Zara Parent Invests in Tech as Sales Climb
March 15, 2023

Fast fashion giant Inditex is investing in technology after reporting strong 2022 sales. 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....

Banking
Creditors Want SVB Parent to File for Bankruptcy
March 15, 2023

A group of creditors for Silicon Valley Bank’s parent are reportedly pushing the company to file for bankruptcy. 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
Retail CEOs Want Their Loyal Consumers Back, Reflecting on Q4 Earnings 
March 15, 2023

As retailers reflect on this past year’s performance, a trend from this quarter’s earnings has emerged: core products, core customers and customer loyalty. But why does it feel like we’ve heard this story before? We have. Just in different ways. While all three areas might...

Fintech Investments
MoneyLion CEO Sees Profits Ahead for Financial Service Ecosystem’s ‘Interface Layer’
March 15, 2023

These are tough times to be a publicly traded tech company. 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...

Banking
Silicon Valley Bridge Bank CEO Invites Depositors to Return
March 14, 2023

Silicon Valley Bridge Bank, is open for business and actively opening new accounts. 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...

Loyalty & Rewards
Fetch Rewards Cuts Staff as Consumers Cut Back on Spending
March 14, 2023

As consumers cut back on spending due to macroeconomic challenges, Fetch Rewards, a Madison, Wisconsin-based startup that offers a centralized rewards points program for online and brick-and-mortar sellers, is making cuts of its own. The company reportedly laid off around 10% of its workforce, affecting...

Banking
Apollo Global Management Assembling Bid to Buy Silicon Valley Bank
March 14, 2023

Apollo Global Management is reportedly asking for backing for its bid to buy Silicon Valley Bank. 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...