News

Retail
Estée Lauder Lowers Outlook but Continues to Bet Big on Chinese Market 
May 04, 2023

Despite lowering its sales outlook for the third straight quarter due to a slower-than-expected recovery in Asia, cosmetics company Estée Lauder remains optimistic about the Chinese market.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
White House Summons Big Tech CEOs to Tackle AI
May 04, 2023

White House officials will meet with tech CEOs as the President Joe Biden administration promotes “responsible” artificial intelligence. 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
Nordstrom Closes San Francisco Stores as Foot Traffic Falls
May 04, 2023

Nordstrom is reportedly shuttering two of its San Francisco stores amid declining foot traffic. 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...

Loyalty & Rewards
Item-Level Data Helps Banks Stay Top of Wallet
May 04, 2023

At the intersection of digital channels and inflationary pressures, consumers are demanding more value from merchants. 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...

Banking
Banking as a Service Boosts Community Banks’ Potential to Prosper
May 04, 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...

Retail
Latest Fed Hike May Stymie Retailers’ Efforts to Clear Inventories
May 03, 2023

We’ve reached a milestone with interest rates — and by extension, retailers may find it tougher to sell their inventories. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
FTC Chair: Immediate AI Regulation Needed to Safely Develop Industry
May 03, 2023

Today’s ongoing digital revolution is continually transferring frontier technologies into commercial applications. 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...

Banking
PacWest Bancorp Reportedly Considering Options as Stock Price Plummets
May 03, 2023

PacWest Bancorp has reportedly been considering a sale, a breakup or a capital raise. 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...

Loyalty & Rewards
Prizeout Adds Rewards to Tandem’s Expense-Sharing App
May 03, 2023

Prizeout and Tandem have partnered to boost the purchasing power of couples who split expenses. 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,...