News

Regulation
Twitter, Other Tech Companies Caution Europe Over Internet Rules
December 10, 2020

Several companies, including Twitter, are urging European Union regulators to “defend the Open Internet.” The move comes as the EU is working on a European Democracy Action Plan and the closely watched Digital Services Act. Get the Full Story Complete the form to unlock this...

Social Commerce
L’Oréal, Instagram Lead Late-Year Social Commerce Push
December 10, 2020

The social commerce category is finishing the year with a flourish. New announcements from Instagram, L’Oréal and Snap lead the way, as consumers find new ways to shop from shared videos and social posts. Get the Full Story Complete the form to unlock this article...

Retail
Academy Sports And Outdoors Reports 16.5 Pct Rise In Comp Sales
December 10, 2020

Academy Sports and Outdoors, Inc. reported on Thursday (Dec. 10) that comparable sales for Q3 2020 rose 16.5 percent over Q3 2019, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
Airbnb, DoorDash And The Appeal Of The ‘Platform’ IPO
December 10, 2020

Platform companies are all the rage on Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Retail
Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels
December 10, 2020

Ascena Retail Group Inc. has received the green light to sell the Lou & Grey, Loft, Lane Bryant and Ann Taylor labels to Sycamore Partners in a deal valued at approximately $1 billion that might close by next week, The Wall Street Journal reported. Get the Full...

Payments Innovation
Virtual Payments Align Well With Virtual Workforces
December 10, 2020

To put it crisply, “the traditional office is disappearing as more staff work from home, and businesses must roll out advanced digital payments technologies and processes to sustain their employees. Determining which innovations to adopt can be difficult for businesses that have yet to make...

Social Commerce
Instagram Introduces Its New Reels Shopping Feature, A TikTok Competitor
December 10, 2020

Instagram is on a roll — with new features that include its introduction of shopping to IGTV, its standalone video for Android and iOS smartphones. Also: an Instagram redesign included new tabs to spotlight Shops, its eCommerce section, and Reels, its area for creators’ short...

Merchant Innovation
Global Shopping Index Finds Australian Merchants Ahead Of Payments Pack
December 10, 2020

Australia is both incubator and test market for captivating new payments experiences, namely in the buy now, pay later (BNPL) space. The country also provides a fascinating study into the attitudes and behaviors of digital-first consumers. This is true even though throughout the pandemic, Australians...

B2B Payments
Deep Dive: How Businesses Are Preparing Their Workers, Payments Operations For A Digital B2B Future
December 10, 2020

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