The dreaded returns season has hit retail with a predictable but painful thud. With Mastercard putting a 49 percent tag on the eCommerce spike for the holidays, this year will be the toughest on record for handling what is a resource- and capital-intensive task. But...
Despite 60 percent of U.S. movie theaters still being shuttered due to the coronavirus, Warner Bros.’ latest iteration of superhero flick “Wonder Woman 1984” (WW84) defied skeptics and pandemic-era precedent and booked the best opening weekend numbers the industry has seen in almost a year. Get...
With an eye on the future of travel, J.P. Morgan Chase has agreed to acquire the rewards division of cxLoyalty Group Holdings, the companies announced in two press releases Monday (Dec. 28). Get the Full Story Complete the form to unlock this article and enjoy...
In today’s top news, President Trump signed the pandemic relief bill Congress passed last week, and Square CEO Jack Dorsey is reportedly interested in buying Jay-Z’s TIDAL music app. Plus, Grubhub drivers in California are angry over a policy change that has reportedly reduced the...
Big Tech is falling out of favor not just in the West, but in China as well. Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul of the all-powerful political and regulatory regime in China. Get...
Echelon Fitness of Tennessee has raised $65 million in funding as the internet-connected fitness company takes advantage of pandemic-fueled growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
In today’s top retail news, FedEx Corp. concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. Plus, PYMNTS looks back on direct-to-consumer (D2C) brands, which...
In today’s top news in digital-first banking, financial regulators in China are moving to check the influence of Jack Ma’s Ant Group, while the second pilot of a digital yuan by the People’s Bank of China has concluded. Plus, a Brexit deal has been reached...
Anthony Tan, Grab co-founder and chief executive officer, is looking to secure his title for life as the Singapore delivery and rideshare platform continues to move forward in its merger with rival Gojek, based in Indonesia. Get the Full Story Complete the form to unlock...
