News

Banking
Neobanks Decimate Staff as They Chase Sustainable Profits
November 03, 2022

There’s an old business saying that holds that you can’t cut your way to profitability. Chime and its digital peers are going to put that maxim to the test. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Social Commerce
Meta Offers Creators More Tools to Earn Income
November 03, 2022

Meta has unveiled a series of tools designed to help creators earn money on its Facebook and Instagram platforms. 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
Peloton Says ‘Fitness as a Service’ and Amazon Retail Partnership Growing Fast
November 03, 2022

On a day when investors’ double-digit disappointment over Peloton’s earnings and guidance scream for attention, it can be hard to hear the soft-spoken insights of the connected fitness firm’s new CEO. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Amazon Fashion and Snap Launch Virtual Try-on Feature for the Masses
November 03, 2022

In a virtual try-on (VTO) partnership where scale meets scale, Amazon Fashion and Snapchat have agreed to connect products with people via a new digital fitting agreement aimed at moving merchandise and reducing returns. Get the Full Story Complete the form to unlock this article...

Retail
Wayfair Aims to Cut Costs by $500M After Drops in Customers and Orders
November 03, 2022

After a quarter in which its revenue, active customers and orders dropped, home goods platform Wayfair is working to reduce costs by a half-billion dollars while also aiming to grow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Under Armour Aims to Add Products Athletes Wear Through the Day
November 03, 2022

Athletic performance apparel, footwear and accessories brand Under Armour is expanding its efforts to offer not only the products athletes wear while playing sports, but also the ones they need at other times of the day. Get the Full Story Complete the form to unlock...

Retail
Crocs Sees ‘Hey Dude’ Brand Hitting $1B in ’23
November 03, 2022

Casual footwear company Crocs said revenues of its Hey Dude brand should surpass $1 billion next year as it begins selling the men’s shoe line overseas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Europe VC Dealmaking Slows in Q3, Startups Turn to Buyouts as Markets Cool
November 03, 2022

Despite a continent-wide economic slowdown and comparatively deflated financial markets, Europe is on track to match last year’s record-breaking venture capital (VC) activity, which saw over 12,000 deals raise over 100 billion euros, according to PitchBook’s latest European Venture Report. Get the Full Story Complete the...

Retail
Etsy Upgrades Search to Free Buyers From ‘Tyranny of Choice’
November 03, 2022

Etsy has been investing in upgrades to its search functions to relieve its customers of what CEO Josh Silverman calls “our tyranny of choice.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...