News

Partnerships / Acquisitions
Shopify Teams Up With Kustomer To Bolster Key Sales Platform
July 08, 2020

Kustomer on Wednesday (July 8) announced a deal with Shopify that the New York firm is betting will expand the reach of its CRM (customer relationship management) platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IPO
Alibaba’s Ant Group Plans Hong Kong IPO At $200B+
July 08, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Walgreens Teams With VillageMD To Offer In-Store Health Clinics
July 08, 2020

Walgreens Boots Alliance is teaming up with Chicago-based VillageMD to make Walgreens “the first national pharmacy chain to offer full-service doctor offices co-located at its stores at a large scale,” according to a Wednesday (July 8) press release. Get the Full Story Complete the form...

Retail
Brooks Brothers Bankruptcy Leads List Of More Fashion Retail Troubles
July 08, 2020

The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon Ann Taylor was reported to be preparing for a Chapter 11 filing. Get the Full Story Complete the form to...

Artificial Intelligence
How Mastercard Uses AI To Fight Fraud And Make Better Credit Decisions
July 08, 2020

Mastercard is harnessing artificial intelligence (AI) in a bid to hit fraudsters hard by searching for emerging patterns of criminal activity before they become major problems, two top executives told Karen Webster during Mastercard’s Virtual Cyber & Risk Summit. Get the Full Story Complete the form...

Retail
Dunkin’s Speedway Exit Puts Spotlight On Contactless
July 08, 2020

Closing store locations has been a near-daily occurrence during the pandemic. But when a high-flying QSR like Dunkin is in the news, it’s a bit of a surprise. The chain announced on Tuesday (July 7) that it was following through on its decision announced earlier...

Retail
Retail Lease Defaults Have Ripple Effect
July 08, 2020

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. With...

Retail
CVS Pharmacy Creates Spoken Rx To Read Prescription Labels
July 08, 2020

To provide its patients with “talking” prescription labels, CVS Pharmacy has created a new function of its app called Spoken Rx. The function can read a certain kind of label for individuals who have visual impairments or can’t read typical print labels, according to an...

Retail
PVH Announces Sustainability Progress In Corporate Responsibility Report
July 08, 2020

As it aims to keep expanding upon its commitment to transparency and accountability, PVH Corp. released its 2019 annual Corporate Responsibility (CR) Report. The company, whose brand portfolio includes Calvin Klein and IZOD, said the report was published during the pandemic and the movement against...