Fashion retailer Zara is reportedly facing challenges with its new anti-shoplifting system. The system, which relies on RFID technology to replace hard security tags on apparel items, was expected to be rolled out globally in July. However, the implementation has been delayed due to issues...
The owner of the Westfield malls group is reportedly rethinking its plan to exit the U.S. Instead, The Wall Street Journal reported Tuesday (Sept. 12), Paris-based Unibail-Rodamco-Westfield will hold onto some of its best-performing malls, while still getting rid of most of its properties in the U.S. by the...
Today, consumers crave the ability to maximize their precious free moments, and convenience in shopping is the key to achieving this. Not only does convenience spare them the laborious effort associated with traditional shopping — navigating bustling stores, hunting for items, enduring lengthy checkout lines,...
Are America’s dog and cat owners beginning to switch to cheaper pet foods? The grocery trade-down wave has been underway for months as inflation continues, but pet products managed to avoid that trend. But the tide could be turning, according to a Tuesday (Sept. 12) Wall Street...
British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money in funds overseen by BlackRock, letting users invest as little as a single British pound, according to the company website....
Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of instant payments. He noted that the United States may be in “a bit of a transformation at the moment,” as...
The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not limited to one industry or domain of use. The text is currently winding its way through the corridors of the...
The retail industry is experiencing a significant transformation as digital channels become increasingly influential in driving sales. In “Digital Payments Takeover: Catching the Coming eCommerce Wave,” PYMNTS leverages insights from a survey of nearly 2,700 U.S. consumers to learn more about how their demand for...
U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy. Big Tech companies are rushing to prove that they can get there first — and do the most — with effective self-regulation. After all, failure to ensure that AI products are safe and...
