News

Retail
Staffing Shortages Cause CVS, Walgreens to Close Some Pharmacies on Weekends
January 14, 2022

The surge in positive cases of COVID-19 is leading to staffing shortages and weekend closures of some CVS and Walgreens pharmacies, The Wall Street Journal (WSJ) reported Friday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
The Big Chill: Late Q4 Omicron Surge Sees December Retail Sales Slumping 1.9%
January 14, 2022

Call it the big chill as a spike in COVID omicron cases for the second half of December doused an otherwise solid Q4 for the nation’s retailers and food establishments. The unexpected drop in sales of nearly 2% raises the stakes for the upcoming earnings...

Regulation
UK’s Payment Regulator Prioritizes Direct Payments in Strategic Plan
January 14, 2022

The United Kingdom’s independent payment regulator has issued a plan designed to make payment services more available and competitive. In a five-year strategic plan announced Thursday (Jan. 13), the Payment Systems Regulator (PSR) said the new guidelines provide multiple ways to improve the payments sector. Get the...

Retail
AMZN vs WMT Weekly: Rivals Aim to Deliver Groceries That Many Consumers Can’t Find
January 14, 2022

Just 345 days to go until Christmas (!) but the nation’s retail leaders were able to find time to focus on a different problem this week. Specifically, procuring the hard-to-get grocery and COVID-linked items that consumers want at a time when shelves are looking increasingly...

eCommerce
Amazon Private Brand Aggregator Thrasio Investing $500M for India Expansion
January 14, 2022

Amazon private brands aggregator Thrasio Holdings is planning to invest over $500 million to enter the marketplace in India following the acquisition of India’s direct-to-consumer (D2C) durable brand Lifelong Online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Fraud Control Is Switching Slant to Digital Enablement and Frustrating Fraudsters With Data
January 14, 2022

Is nothing sacred? Not to cyberthieves. The 2021 holiday shopping season was likely the most digitally secure in history, but that didn’t stop baddies from plying their wicked online trade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Embedded Business Banking Rides Wave of Demand for Less Friction
January 14, 2022

While the pandemic is still raising as much uncertainty as there was a year ago, on the whole, businesses appear to be trying to restore some sense of normalcy. However, one thing that won’t change is what they expect from banking experiences. Get the Full...

Payment Methods
Small Businesses Turn to Payments Tech to Address Persistent Problems
January 14, 2022

It’s a new year — time to turn over a new leaf as the problems of 2021 fade fully into the background. Wishful thinking, indeed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
EMEA Daily: London BNPL FinTech Zilch Launches in Europe, Kenyan BNPL Startup Lipa Later Raises...
January 13, 2022

In today’s top Europe, Middle East and Africa news, the London-based buy now, pay later (BNPL) FinTech Zilch has launched in Europe, and the Kenyan BNPL startup Lipa Later has raised $12 million. Get the Full Story Complete the form to unlock this article and...