News

Retail
Retail, Hospitality Hiring Drive US Job Growth
May 06, 2022

The U.S. economy added 428,000 jobs last month thanks in part to hiring in the hospitality and retail sectors, the Department of Labor said Friday (May 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Best Buy Adds Health, Outdoor and Transportation Products
May 06, 2022

Best Buy on Friday (May 6) announced it’s expanding some of its existing product lines and adding new ones that will soon be available in select Best Buy stores and on BestBuy.com, with a focus on health and wellness, outdoor living and transportation, all with...

Delivery
Aggregators’ Growth Shows Delivery Habits Buck the Great Reopening
May 06, 2022

The great reopening — of restaurants, of pharmacies and groceries — has not dented consumers’ to get doorstep delivery of essentials. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Germany’s Adidas, Foot Locker Enhance Partnership Around Customer Experience, Connectivity
May 06, 2022

Sports apparel and footwear brand Adidas has expanded its partnership with athletic retailer Foot Locker, with a focus on product innovation, elevated experiences and deeper consumer connectivity, the companies said in a joint press release. Get the Full Story Complete the form to unlock this...

Regulation
BIS Adds Pressure on Big Tech to Give Data Control to Consumers
May 06, 2022

The Bank for International Settlements (BIS), the world’s main central bank umbrella group, published a report on Thursday (May 5) proposing new data governance frameworks that would allow individuals and firms to get more control over the data collected on them by Big Tech firms...

Retail
Goodyear Says Stretched Consumers Buying More Tires, Auto Repairs
May 06, 2022

The nation’s largest tiremaker and owner of a chain of 1,000 retail auto service centers said Friday that it had booked its best first quarter revenues in a decade at a time when consumers are putting money into older vehicles to keep them on the...

Digital Banking
Lack of UK Bank License Thwarts Revolut’s Super App Ambition
May 06, 2022

Revolut’s quest for a U.K. banking license is the critical piece missing for the $33 billion FinTech to achieve global super app status but, its crypto approach and the war in Ukraine have stopped the process from moving forward. Get the Full Story Complete the...

Retail
AMZN vs WMT Weekly: Inside a 30%, 30-Day Drop and the Glory Days for Stores 
May 06, 2022

Bad week. Bad month. Bad quarter. Bad year. 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...

eCommerce
Jane on Protecting Retail Customer Data With Digital Identity Verification
May 06, 2022

It's a war out there for eCommerce marketplaces right now, as they face a swirl of fraud attempts and bot attacks looking to steal customer data or score free merchandise. In this month’s “Alternative Payments Tracker,” Mark Spencer, senior vice president of commercial operations for...