News

Retail
Does the ‘Ord’ in Nordstrom Now Stand for Ordinary?
November 24, 2021

It’s a bad day to be Nordstrom.  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...

Gift Cards
CPG Brands Turn to Personalized, Digital Gift Cards to Boost Holiday Sales
November 24, 2021

With the trend across the restaurant and grocery industries moving toward digital personalization, eCommerce gift cards may be more important than ever this holiday season, especially for brands for which consumer choice is central to their value prop. On Tuesday (Nov. 23), Kroger-owned meal kit...

International
Plunging Lira Prevents Turks from Buying iPhones, Electronics
November 24, 2021

Apple iPhones and other electronics are out of reach for people in Turkey after the lira continues dropping, losing 40% in value since the start of 2021, 20% since the beginning of last week, and a historic 15% in a single day, according to multiple...

Retail
Gap’s $300M Inventory Stockout Loss Big Red Flag for Retail
November 24, 2021

Mind the gap, as they say. 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...

International
Singapore’s Coda Payments Pushing for $4B Valuation 
November 24, 2021

Singapore’s Coda Payments Pte is seeking a valuation of at least $4 billion as it explores a sale or initial public offering (IPO), according to a Tuesday (Nov. 23) Bloomberg report.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Visa Invests in Open Banking Platform Basiq
November 24, 2021

Australia-based open banking platform Basiq will use an investment from Visa to step up its API efforts, according to a Wednesday (Nov. 24) blog post on the company’s website. The amount of the investment was not disclosed.  Get the Full Story Complete the form to...

Retail
Gap Leans on Multi-Brand Approach to Weather Supply Chain Issues
November 24, 2021

Supply chain constraints battered Gap Inc. in the third quarter, leading the apparel company to revise its projections for the fourth quarter as executives expect bottlenecks to persist into 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Nordstrom Still Looking to Recapture Pre-Pandemic Glory
November 24, 2021

Nordstrom, Inc. executives know they have to make changes to bring customers back and return to the profitability of 2019, before the COVID-19 pandemic transformed the way people shop. During its third-quarter earnings call on Tuesday (Nov. 23), the retailer said it’s still trying to...

Retail
Best Buy Adds More Outdoor Furniture Options With Yardbird Acquisition
November 24, 2021

Best Buy on Tuesday (Nov. 23) announced its latest addition to its growing outdoor living suite of offerings with the acquisition of premium outdoor furniture company Yardbird. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...