News

Retail
Peloton Adds 400K New Fitness Subscribers, Will Invest To Restore ‘Pristine Brand’
May 07, 2021

Peloton, the maker of upscale fitness equipment and workout programs, said Thursday (May 6) its connected fitness subscribers rose 135 percent to a record 2 million users despite being embroiled in an ongoing government-mandated safety recall of its two treadmill products. Get the Full Story...

Retail
AMZN vs. WMT Weekly: Prime Day Is On The Move, Walmart Goes All-In On Health...
May 07, 2021

Just days after Amazon’s latest round of record earnings results, as well as a new PYMNTS prediction that its sales growth will outpace Walmart’s by a 3-to-1 margin over the next five years, the dominant online retailer is starting to home in on Prime Day...

Retail
Adidas, DraftKings, Planet Fitness See Sports Rebound As Consumers Look To Play Again
May 07, 2021

After more than a year of lockdowns and COVID-related lifestyle restrictions, consumers’ pent-up demand and desire to play again could be seen in a trio of sports-related forecasts Friday (May 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Stamps.com’s Revenue Surges As Paid Customer Base Grows
May 07, 2021

eCommerce shipping provider Stamps.com reported as part of its financial results that total revenue surged 25 percent from $151.3 million in Q1 2020 to $189.1 million in Q1 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Spectrum Brands’ Net Sales Rise Amid Higher Reinvestments
May 07, 2021

Spectrum Brands, whose portfolio includes brands like Repel, George Foreman and Kwikset, reported that net sales climbed 22.6 percent for the second quarter of fiscal 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
New Study: Consumers Will Now Drop A Merchant Over A Single Data Breach
May 07, 2021

Consumers can drift along in a happy sort of haze, extending trust to brands that appeal, and enjoying a loose but very real connection — until a company lets data get stolen. New PYMNTS research indicates that merchants are more on the hook for data...

B2B Payments
Taking A Back-To-Basics Approach To Payroll Innovation
May 07, 2021

Payroll has, perhaps to the surprise of some, emerged as a popular focus of B2B FinTech innovators looking to disrupt the way companies manage funds and issue payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
B2B FinTech Funding Creates Another Unicorn
May 07, 2021

After several weeks of B2B FinTech funding activity, the market has cooled a bit with about $220 million in total investment for the sector. Saudi Arabia’s B2B eCommerce sector enjoyed a fundraising boost, while in the U.S., the digitization of SMBs drove VCs to welcome...

B2B Payments
Aligning AR To B2B Firms’ Business Model Evolutions
May 07, 2021

Supply chain disruptions and major swings in customer buying behavior drove organizations of all kinds to suddenly shift their business models amid the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...