News

Retail
Walmart Is Cutting Prices as Amazon Is Cutting Jobs
November 18, 2022

In a week that began with Walmart being cheered for delivering strong results and ended with Amazon embarking on its sharpest round of job cuts ever, the performance gap between the two retail giants has not only reversed from its long-term trend but by some measures...

Retail
Home Retailer Williams-Sonoma Sees Growing Demand From B2B Customers
November 18, 2022

B2B customers’ demand for corporate gifting and custom merchandise services contributed to record earnings results for home retailer Williams-Sonoma, the company said Thursday (Nov. 17) during its quarterly earnings call. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Foot Locker Says Battered Consumers Want Affordable Luxury and Fun
November 18, 2022

Consumers’ desires for affordable luxury and a fun shopping experience are driving sales of sneakers even in the face of inflation and uncertainty, specialty athletic retailer Foot Locker said Friday (Nov. 18) during its quarterly earnings call. Get the Full Story Complete the form to...

Retail
Gap Uses Streamlined Branding and Expanded Discounts to Raise eCommerce Profits
November 18, 2022

Apparel retail company Gap Inc. made a huge turnaround this quarter in sales and profits even as global commerce faces continued challenges amid high inflation rates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
JPMorgan Chase Says B2B Payments Consumerization Is Driving a Better Experience
November 18, 2022

Sam Yen, chief innovation officer for Commercial Banking at JPMorgan Chase, said a simple mindset should guide financial intuitions and other providers striving to innovate B2B payments for their business clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
Huize’s 40% Rally Leads FinTech IPO Index into Shortened Holiday Week
November 18, 2022

Not everything was about crypto-land these past several days in the tech space.  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....

Retail
Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
November 17, 2022

Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement Specialist” or “Handbag Authenticator” as the resale sector widens its crackdown on knockoffs. Get the Full Story Complete the form...

Delivery
UK Shoppers’ Preference for At-Home Delivery Is 10% Stronger Than Average
November 17, 2022

In this age of convenience, options such as at-home delivery that enable consumers to save time and costs by easily comparing prices between brands continue to gain traction across markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
National Retail Solutions, Uber Partner on Delivery for Neighborhood Stores
November 17, 2022

Point-of-sale (POS) platform operator National Retail Solutions (NRS) and Uber Technologies have partnered to facilitate delivery from participating NRS local retailers and bodegas.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...