News

Retail
Movado Group’s Online Retail Growth Leads to 15.5% Net Sales Increase
March 24, 2022

Luxury is going online, at least for Movado Group in the fourth quarter of fiscal 2022, as the company called out growth in online retail as one of the driving factors in its quarterly net sales increase of 15.5% for the three-month period that ended...

Retail
Deep Discounter Ollie’s Says Consumer ‘Trade-Down Effect Is Coming Soon’
March 24, 2022

It is perhaps no surprise that Ollie’s Bargain Outlet, which was launched in 1982 amid the last bout of double-digit inflation, is preparing for a big 40th anniversary year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
PayPal Ventures Takes Stake in Commerce Automation Platform Cymbio
March 24, 2022

Drop-ship automation platform Cymbio on Thursday (March 24) announced that PayPal Ventures, the venture capital arm of the global payments company, has invested an undisclosed amount in the company, four months after Cymbio closed a $20M Series B fundraising round. Get the Full Story Complete the...

Delivery
Instacart Plans Micro-Fulfillment Warehouses for Instant Delivery
March 24, 2022

As Amazon continues taking a bigger piece of the grocery delivery market and newcomers like Gopuff crowd an already-congested landscape, Instacart is planning to launch micro-fulfillment warehouses to gain a competitive edge, according to a press release on Thursday (March 24). Get the Full Story...

Security & Fraud
Early Warning Says a Little ‘Healthy Friction’ Goes a Long Way in Fight Against Fraud
March 24, 2022

Romance scams. Puppy scams. Peer-to-peer (P2P) fraud. 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...

Delivery
Ultrafast Delivery Model Creates New Opportunities for On-Demand Services in MENA
March 24, 2022

The pandemic has played a key role in driving the rapid rise of quick commerce — also referred to as on-demand delivery — in recent years, as consumers’ appetite for faster delivery options have given a huge boost to companies in the ultrafast grocery delivery...

Payment Methods
Google Gives In to Spotify on Payment Choice
March 23, 2022

Spotify has reached an agreement with Google to allow Android users to pay for the service through either Google Play Billing or Spotify’s payment system, a Spotify blog post said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
BoA Launches Secured Credit Card, Business Center for Entrepreneurs
March 23, 2022

Bank of America has rolled out a new Business Advantage Unlimited Cash Rewards Secured credit card aimed at entrepreneurs looking to launch a new business or build a credit history for their business, the bank announced Wednesday (March 23). Get the Full Story Complete the...

Retail
Walmart Sues Rival, Claiming BJ’s Copied Scan & Go Self-Checkout Tech
March 23, 2022

Walmart and Sam’s Club, the retailer’s big-box warehouse subsidiary, have accused rival retailer BJ’s Wholesale Club of stealing technology in a new lawsuit, CNBC wrote Wednesday (March 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...