The Financial Conduct Authority, the U.K.’s markets regulator, released plans Wednesday (March 31) to reform its rules governing special-purpose acquisition companies (SPACs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The U.K.’s Payment Systems Regulator (PSR) has accused five companies in the prepaid card market of operating as a “cartel” by agreeing to not compete or poach each other’s customers. The PSR issued a statement of objection on Wednesday (March 31) based on the behavior of...
Online education provider Coursera was scheduled to go public on Wednesday (March 31) on the New York Stock Exchange. The company saw its revenues skyrocket during the pandemic, from $184 million in 2019 to $294 million last year. Get the Full Story Complete the form...
Quick-service restaurant (QSR) salad chain Saladworks announced on Monday (March 29) that it is partnering with Ghost Kitchens Brands to grow its footprint to almost double the current store count in the U.S. and Canada, adding 90 new “non-traditional” locations before the end of the...
Athletic apparel retailer Lululemon said the near-doubling of its direct-to-consumer (D2C) business drove a 24 percent increase in total sales last quarter, and the firm expects growth to continue into 2021 with no signs of the adult activewear market slowing after the pandemic. Get the...
Retail pharmacy chain Walgreens said on Wednesday (March 31) that its latest earnings results were dragged lower by an “exceptionally weak cough, cold and flu season” that crimped its same-store sales by 3.5 percent and trimmed earnings by 10 percent. Get the Full Story Complete...
It’s a $9 billion problem that involves nearly 40 percent of online footwear and apparel orders. In fact, improperly fitting shoes and clothes is such a common occurrence that many consumers simply order multiple sizes — a process known as “bracketing” — knowing full well...
The CEO of Macy’s said effects of $1,400 stimulus checks are already starting to show up in the company’s stores and website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Chewy, Inc., the online retailer for pet products, supplies and prescriptions, said its net sales surged 51 percent year over year in its fiscal fourth quarter of 2020, according to a press release. Get the Full Story Complete the form to unlock this article and...
