News

Investments
Report: Tiger Global Cuts Tech Investments by Billions of Dollars
November 09, 2022

As declining technology stocks have hacked the value of investor Tiger Global Management’s public stocks this year, the company has also slashed the value of its private stock in tech firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Allbirds Gets Lift From New Physical Stores as Headwinds Persist
November 09, 2022

Direct-to-consumer (D2C) clothing and footwear retailer Allbirds saw a lift in its most recent quarter as the addition of a record number of physical stores helped drive sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
RealReal Overhauls Consignment Structure in Quest for Profitability
November 09, 2022

In its ongoing quest for profitability, luxury resale platform The RealReal said Tuesday (Nov. 8) that it has overhauled its commission structure and will charge more for low-priced transactions that have typically resulted in losses. Get the Full Story Complete the form to unlock this...

Retail
Inflation Stokes Recession Fears While Slamming Retail Earnings
November 09, 2022

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
Amazon Gives Alexa a New Voice to Grow User Base
November 09, 2022

In a bid to capture the voice commerce users of tomorrow, Amazon has rolled out a suite of new features in its Alexa ecosystem, including devices that look and talk like owls and dragons. Get the Full Story Complete the form to unlock this article...

Retail
Wolverine Reports Supply Chain Problems Slowing Footwear Sales
November 09, 2022

With continuing supply chain challenges affecting both the brand and its wholesale customers, footwear manufacturer Wolverine Worldwide reported Wednesday (Nov. 9) that both revenue and profit came in below expectations for the quarter ended Oct. 1. Get the Full Story Complete the form to unlock...

Social Commerce
TikTok Cuts Revenue Goal as Social Media Ad Spend Falls
November 09, 2022

Social media platform TikTok has reduced its revenue target for the year by as much as $2 billion amid flagging advertising and eCommerce sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Payment Methods
‘Inevitable’ Advance of Embedded Payments Will Spark Bank-FinTech Partnerships
November 09, 2022

Embedded payments are an inevitability for merchants, for small businesses, for plumbers and gardeners, and pretty much everyone else. 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...

B2B Payments
Payments Experts Say Embedded Finance Still in Early Innings
November 09, 2022

Say the term “embedded payments,” and thoughts typically wander to the consumer side of commerce to such things as the invisible transactions in the background of an Uber ride or the one-click retail checkout on a phone. Get the Full Story Complete the form to...