News

Retail
Peloton Subpoenaed By DOJ, DHS Over Reporting Of Treadmill Injuries
August 27, 2021

Connected fitness giant Peloton said in a filing with the U.S. Securities and Exchange Commission (SEC) on Friday (Aug. 27) that it has been subpoenaed by the U.S. Department of Justice and Department of Homeland Security for documents and information related to how the company...

Retail
AMZN vs. WMT Weekly: Retail Giants Remain In Dead Heat For Top Spot
August 27, 2021

After vaulting ahead of Walmart in the fourth quarter last year, Amazon has held its front-runner status for the third quarter in a row, albeit by a razor-thin and shrinking margin. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Big Lots Shows eCommerce Spike, Rewards Program Boost In Q2
August 27, 2021

Big Lots Inc. on Friday (Aug. 27) reported that eCommerce demand was up 10 percent in the second quarter compared to the same time last year and 400 percent from two years earlier. The company also saw 1.7 million people added to its rewards program...

Regulation
Chinese Securities Boss Looks To Bar Some Tech Startups From Foreign IPOs
August 27, 2021

The main securities regulator in China is planning to bar some technology firms in the country from listing on public markets overseas, sources told The Wall Street Journal in a report on Friday (Aug. 27). Get the Full Story Complete the form to unlock this...

B2B Payments
Deep Dive: How Banking As A Service For Consumers Could Foreshadow B2B Payments’ Future
August 27, 2021

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B2B Payments
Dole Food & Beverages Group Adopts New Supply Chain Solutions To Avert Rising Challenges
August 27, 2021

In a bid to make faster business decisions, improve operations and lower costs, one of the world’s largest fruit products and snack manufacturers said Thursday it was transforming its supply chain management process.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
Sightline Payments Bets On Cashless Casinos For The Future Of Live Gaming
August 27, 2021

When the pandemic hit in March 2020, digital payment and payout options in North America’s corporate and tribal-owned casinos were almost nonexistent. As the scramble to reopen began, Sightline Payments Co-founder and Executive Vice President Omer Sattar started getting the calls he’s been expecting for...

Payment Methods
Automated Underwriting Lowers Merchant Abandonment Rates For ISOs
August 27, 2021

Peter Drucker, the management guru, wrote long ago: “Strategy is a commodity, execution is an art.” 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...

Retail
Gap Tackles ‘Fit Friction’ With Acquisition Of Virtual Try-On Company Drapr
August 26, 2021

Gap Inc. has acquired eCommerce startup Drapr as part of the company’s increasing focus on digital sales, an initiative that helped boost the San Francisco-based apparel retailer to its best second-quarter sales in over a decade. Get the Full Story Complete the form to unlock...