News

eCommerce
Used Vehicle Platform Vroom Targets Profitability Over Growth
November 08, 2022

Used vehicle eCommerce platform Vroom is making progress on its goal of achieving profitability and liquidity ahead of growth, company executives said Tuesday (Nov. 8) during the company’s quarterly earnings call. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
November 08, 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
Party City Says Halloween Sales at ‘Lower End of Expectations’
November 08, 2022

Consumers purchased Halloween decorations at a lukewarm rate in October and retailer Party City expects that to continue for the rest of the year.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Gap Sells China Retail Business to eCommerce Platform Baozun
November 08, 2022

In a move to better connect its retail brand to Chinese consumers, Gap has agreed to sell its local online business to Baozun, an eCommerce retailer in China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Adidas Names Puma Head Bjørn Gulden as New CEO
November 08, 2022

Struggling sneaker giant Adidas has found its new CEO in Bjørn Gulden, the head of rival shoe brand Puma. 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
Planet Fitness Sees Record Membership With Gen Z’s Help
November 08, 2022

There was a time before the pandemic when Generation Z was the smallest portion of Planet Fitness’ membership base. 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
27% of Retailers Want to Outsource Their Loyalty Programs
November 08, 2022

As consumers flock to the aisles, as they opt to move to in-store settings to get what they need, merchants need to keep them engaged, enough so that the browsing turns into buying. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Visa: Digital DNA Forges Great Companies During Tough Times
November 08, 2022

Up until quite recently, treasurers and chief financial officers (CFOs) didn’t see any pressing need to go digital. 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...

Cross Border Commerce
Payment Orchestration Proves Critical to Cross-Border Sales Success
November 08, 2022

As more and more merchants seek expansion into markets abroad in search of new consumers willing to buy, they’re also apt to find a few other things waiting for them in foreign lands, namely, a raft of currency and cultural differences and the challenge of...