News

Retail
Disney’s Love Affair With Digital Will See It Close 20 Pct Of Brick-And-Mortar Stores
March 04, 2021

Like a fair princess drawn to a dashing prince, the quickening digital shift by consumers has lured Disney away from its brick-and-mortar retail stores and will see it instead pouring more energy and focus into its eCommerce platform. Get the Full Story Complete the form...

Retail
Arts-And-Crafts Trend Gets $5 Billion Boost Via Michaels Acquisition
March 04, 2021

Just when you thought it was (almost) time to kick off the sweatpants, log off the Zoom calls and get out of the house again, a $5 billion acquisition of Michaels Stores, the nation’s leading arts and crafts retailer, suggests that at least one corner...

Retail
Purple Innovation Reports 39.9 Pct Surge In Net Revenue
March 04, 2021

Purple Innovation, Inc., a brand of comfort products such as mattresses and pillows, reported that net revenue surged by 39.9 percent in the fourth quarter of 2020 in contrast to the fourth quarter of 2019, according to a Thursday (March 4) press release. Get the...

IPO
InsurTech Firms Take SPAC Path To Wall Street
March 04, 2021

The only sure things in life, they say, are death and taxes. And maybe the parade of continued special purpose acquisition companies (SPACs) – at least so far as the horizon stretches out before us. Get the Full Story Complete the form to unlock this...

Retail
BJ’s Wholesale Reports 15.9 Pct Rise In Comparable Club Sales
March 04, 2021

Warehouse club operator BJ’s Wholesale Club Holdings, Inc. reported that comparable club sales outside of fuel sales climbed 15.9 percent, with the inclusion of digitally enabled sales growth of 168 percent, for the fourth quarter of fiscal 2020, according to a Thursday (March 4) press...

B2B Payments
Mixing Human And Data Intelligence For Smarter Hiring Spend
March 04, 2021

U.S. employers missed analysts’ estimates last month when they added 117,000 jobs across the private sector, ADP data recently revealed, the latest evidence of what ADP Chief Economist Nela Richardson described as a “sluggish” labor market. Get the Full Story Complete the form to unlock...

B2B Payments
Payment Rail Infrastructure Digs Deep Into Real-Time Transacting
March 04, 2021

While emerging payment services are embracing modern infrastructure to move money more quickly and with richer data, some players in the payments space are taking advantage of infrastructure that already exists to strengthen capabilities. This week’s look at the latest in payment rail innovation explores...

B2B Payments
How Corporate Onboarding Spurs The Data Ownership Debate
March 04, 2021

Businesses large and small are demanding better user experiences from their financial service and other providers, whether that be banking, accounting, legal or otherwise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Phreesia On The US Healthcare Sector’s Transition To Card-On-File Billing
March 04, 2021

Card-on-file payments can help hospitals solve cash flow problems by eliminating payment collection pains, says Markiyan Malko, vice president of Revenue Cycle Management at healthcare technology provider Phreesia. In the Digitizing Healthcare Payments Report, Malko explains how COF payments stop overdue payments from becoming common...