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Retail
Lululemon Adds Textile Recycling to Its Circularity Initiatives
May 19, 2023

Lululemon has made a minority investment in Australian recycling company Samsara Eco. 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...

Retail
Even Discount Retail CEOs Say Shoppers Are Pulling Back   
May 19, 2023

Amid inflation, shoppers are actively seeking out affordable options. This trend has prompted consumers to search for merchants whose prices are in line with their budget. This has proven advantageous for retailers like Ross Stores, which strive to offer the “best branded bargains possible at...

Artificial Intelligence
Is Generative AI in 2023 as Transformational as Indoor Plumbing Was in 1920?
May 19, 2023

Back in 2016, in his book “The Rise and Fall of American Growth,” economist Robert Gordon wrote that the century that followed the Civil War gave rise to technological innovations that spurred leaps in productivity — for both businesses and individuals — that will never...

Fintech Investments
FinTech IPO Index Gains 2.4% as Upstart Soars on Consumer Loan Sale
May 19, 2023

The FinTech IPO gathered 2.4% in a week that saw the last few remnants of earnings reports trickle in. 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
Retail Crime Epidemic Sparks Store Closures Including Target, REI and Walmart
May 18, 2023

Target has reported a disturbing surge in retail crime, which is anticipated to cause an estimated $500 million more in losses and stolen merchandise this year compared to the previous year. In fact, workers at a Target store in downtown San Francisco recently told a...

Artificial Intelligence
OpenAI ChatGPT for Apple Launches in the App Store
May 18, 2023

OpenAI has begun rolling out ChatGPT mobile apps. 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, you agree...

B2B Payments
MODIFI and Airwallex Create Cross-Border Payment Tool for Chinese Exporters
May 18, 2023

MODIFI and Airwallex have partnered to facilitate cross-border payments and financing for Chinese exporters. 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...

Artificial Intelligence
GPT Takes the Manual Out of Labor in the Industrial Economy
May 18, 2023

OpenAI CEO Sam Altman thinks new ideas, not bigger models, will evolve artificial intelligence (AI). 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,...

Delivery
Uber Eats Its Way to More Grocery Share With Group Ordering
May 18, 2023

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, you agree to receive marketing communications from PYMNTS and...