News

Retail
Costco Competes With Itself on Price via Unusual ‘Jewelry and Tires’ Product Mix
March 04, 2022

In an industry that typically compares apples and oranges, it’s not every day you hear a major retailer discuss the relative strength of its “jewelry and tires” sales in the same breath. Get the Full Story Complete the form to unlock this article and enjoy...

International
Russia Offers Fast Bankruptcies to Firms Leaving Country
March 04, 2022

Foreign businesses that want to get out of Russia can either receive fast-track bankruptcy protection or turn their operations over to local managers, the country’s First Deputy Prime Minister Andrei Belousov said Friday (March 4). Get the Full Story Complete the form to unlock this...

Retail
Gap Sees Stock Rise Despite ‘Muted’ Sales Report
March 04, 2022

Gap saw its stock rise late Thursday (March 3) after the clothing retailer presented a positive profit picture for the year ahead, despite “muted” sales caused by store closures and supply chain issues. Get the Full Story Complete the form to unlock this article and...

Investments
Helicopter Taxi Company Volocopter Raises $170M in Financing Round
March 04, 2022

Volocopter, an aircraft manufacturer that calls itself a pioneer in urban air travel, has raised $170 million in a Series E funding round, the company announced Friday (March 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
AMZN vs WMT Weekly: War and Worries Eclipse Moves in Beauty and Books
March 04, 2022

Much has been written about the “battle” between America’s top-two retailers and the “war” that these rivals are engaged in to sell more stuff to more people in more ways. But after a week of actual war in Ukraine, those analogies suddenly seem trite —...

B2B Payments
Peeling Back the Digital Payments ‘Onion’ is Critical to Maximizing Cash Flow
March 04, 2022

“At a certain point in the evolution of any business,” Corcentric President and Chief Operating Officer Matt Clark mused, “digitization becomes necessary.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

IPO
FinTechIPO™ Index Shows Continued Weakness vs Broader Markets
March 04, 2022

Continuing a trend seen in the past few weeks since we launched the FinTech IPO tracker, the group of 45 companies we’ve surveyed have, on the whole, underperformed the broader market. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Latin America
QR Code Payments Woo LatAm Region’s Mobile-First Travelers
March 04, 2022

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 to receive marketing communications from PYMNTS and...

International
US Imposes Fresh Sanctions on 8 Russian Oligarchs, Officials
March 03, 2022

The U.S. has imposed more sanctions, this time against Russian oligarchs, in a bid to hit the ultra-wealthy in that country, according to a Reuters report Thursday (March 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...