The luxury goods and apparel business looks to be poised for a comeback, driven in part by the consumer shift to Digital 3.0. The evidence can be seen in a new report from Bank of America and an earnings announcement from luxury apparel marketplace Farfetch....
The department store segment had mixed news this week, as Dillard’s showed signs of recovery but a new report showed a reversal of some of the positive foot traffic and sales trends that had led to a guardedly optimistic outlook for the sector. Get the...
Alternative-asset manager Brookfield Asset Management said it raised a record $23 billion in Q2 and foresees speeding up the pace of investments in the wake of the pandemic’s disruption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.S. Census Bureau reported estimated advanced U.S. retail and food services sales for July of $536 billion, marking a rise of 1.2 percent (± 0.5 percent) from June and 2.7 percent (± 0.7 percent) above July of last year, according to a Friday (Aug....
While open banking frameworks and initiatives have slowly trickled throughout the U.S. financial services system, the landscape is nowhere near as developed as in other markets like the U.K. in which open banking regulatory mandates have accelerated the unlocking of bank data. Get the Full...
With $227.5 million in combined funding, B2B FinTechs remain resilient in today’s current market. Investments ranged across geographies and industries, but the biggest highlights landed on trade financing and early wage access innovators, as startups bolster their value by supporting small businesses’ and employees’ financial...
The eCommerce landscape is shifting on multiple fronts, with sellers embracing digital channels and adjusting their business models to a new reality of customer demands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple’s bundle bet, Goldman Sachs’ move to bid on the General Motors credit card or Square’s decision to test small-dollar, short-term loans. Get the Full Story Complete the...
FinTech service provider WEX has introduced a new ClearView Snap capability with Amazon Alexa to help fleet managers look at insights and improve decision making by way of a verbal conversation with the chat function, according to a press release. Get the Full Story Complete...
