As restaurants note inflation’s impact on consumer behaviors, with rising prices threatening customer loyalty, some major brands are addressing the challenge by leaning into it, absorbing more of the price increases to advertise low-price deals and promotions. Get the Full Story Complete the form to...
ByteDance is mulling selling “a low single-digit percentage point stake” of online sneaker marketplace Poizon, preferably to an existing investor, Bloomberg reported Tuesday (June 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Gap has unveiled its third collection of limited-edition non-fungible tokens (NFTs) in partnership with artist and former professional soccer player Demit Omphroy, expanding a collaboration that also includes a graphic T-shirt collection sold at Gap stores. Get the Full Story Complete the form to unlock...
Just three weeks after announcing an unexpected 40% drop in first quarter profits, Target unveiled an aggressive cost control plan Tuesday (June 7) to address what it calls a “rapidly changing environment” for consumers. Get the Full Story Complete the form to unlock this article and...
After more than a year of activist approaches, breakup proposals and rebuffed board shake-up plans, Kohl’s announced Monday (June 6) that it was entering into three weeks of exclusive negotiations to sell itself to a little known vitamin and pet shop retailer that’s only about one-fifth...
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Corporate banking clients want more from their financial institutions (FIs) than ever in terms of advanced digital tools and support. Small- to medium-sized businesses (SMBs) and larger companies alike have accelerated digitization efforts since the pandemic struck, making it critical for commercial banks to understand...
Open banking platform Tink and FinTech app Revolut are teaming up on a strategic plan to expand open banking technology to more people across Europe, according to a press release emailed to PYMNTS on Tuesday (June 7). Get the Full Story Complete the form to...
As the world becomes more connected and the number of digital devices used to conduct business continues to grow, organizations are under more pressure than ever to know with whom they are doing business. Customers, however, have waning tolerance for cumbersome identity verification processes, giving...
