The platform economy is taking shape around the globe — it has wheels, you might say. To that end, Cazoo, the U.K.-based online platform focused on buying and selling cars, went public at the end of last week on the NYSE, having completed its business combination...
American Eagle Outfitters saw its revenue jump 35% to a company-record $1.19 billion in the second quarter of fiscal 2021, up $311 million from Q2 of 2020, riding higher full-priced sales, reduced promotions and controlled costs to a three-month peak for the company. Get the...
Five Below added 34 new stores across 19 states in the second quarter amid growth in sales, as millennials and bridge millennials struggle to pay bills despite healthy paychecks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Kirkland’s, Inc., struggled in the second quarter of fiscal 2021, watching net sales and comparable sales dip, but the company remains confident it has the infrastructure in place to achieve its long-term financial goals. Get the Full Story Complete the form to unlock this article...
Unfair market practices are at the center of a new crackdown on ride-hailing companies in China, with the country’s Ministry of Transport and other watchdogs ordering 11 app-driven platforms to halt unfair practices, the Associated Press and other news outlets reported on Thursday (Sept. 2)....
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Front-of-house restaurant technology may be barreling full speed ahead into the future, but the back of the house is still stuck in the past. The bulk of restaurant operations continue to occur through pen-and-paper bookkeeping and communication and through email, lengthy processes that cost businesses...
Online pet supply retailer Chewy is currently testing a new marketplace for veterinarians to help them grow clinic revenues and improve experiences for pet owners, with the goal of rolling out the service to more providers later this year. Get the Full Story Complete the...
As credit unions embrace real-time payments as a way to compete with their digital-first rivals, they’re also encountering new security challenges. In this month’s Real-Time Payments Tracker, PYMNTS spoke with Brett Engstrom, chief information officer of Iowa-based Veridian Credit Union, about preventing potential fraud risks...
