As it looks to hire employees in lower-cost states, Stitch Fix Inc. told its approximately 1,400 California-based stylists that they would be laid off. Many of the layoffs will occur in September. The impacted individuals will have the opportunity to move to remain with the...
Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few...
Mastercard has added a program designed to assist FinTech startups in Europe with quickly launching and expanding, the company announced on Tuesday (June 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The forces closing in on retail have forced its various trade and advocacy groups to press their case in Washington. Among those forces: 2.1 million in the industry out of work as of April, spring inventory still sitting in stores and various government programs that...
Integrity. Honesty. Value. Customer-centricity. The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As consolidated same-store sales dropped nearly 30 percent fueled by temporary store closures due to the coronavirus, Dick’s Sporting Goods reported that eCommerce sales jumped 110 percent in the first quarter of 2020 compared to the first quarter of last year. The company had also...
The recession is upon us, and as consumers stash the cash, and wallets are walloped, a seismic shift may be brewing in the money transfer business, through consolidation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Whether payments industry stakeholders are moving to develop entirely new infrastructure to improve payments, or to develop new capabilities upon existing infrastructure to make progress, this week’s look at payment rail innovation reflects a focus on industry collaboration to take steps toward faster payments ubiquity....
A steady stream of trade and commerce will be critical to economic recovery, but with supply chains disrupted and many logistics operations forced to upend their business models, plenty of obstacles remain in the way of frictionless movement of goods. Get the Full Story Complete...
