A Chinese startup is landing hundreds of millions in additional financing as a group of investors – which includes Tencent – eyes the country’s fast-growing grocery delivery sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
With the reopening of the U.S. economy underway, American Express is rolling out a $200 million program designed to boost spending at small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A former Nordstrom executive is calling on the department store sector to meet the needs of customers and keep pace with technology – or face extinction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Welcome to the great reboot. Physical retail’s return to business was previously known as the “great reopening” or the “great resettling.” But it’s becoming apparent that the unprecedented business dynamics of the pandemic will be anything but a subtle reopening marked by subtle changes –...
The automotive evolution to Digital 3.0 revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in the third quarter via a complicated reverse merger arrangement. Get the Full Story Complete the form to unlock this article...
Retailers looking for the shape of an economic recovery have had several letters to choose from. There’s the “hoped for” V-shaped recovery that heralds a quick return to pre-COVID consumer spend levels. There’s the U-shaped recovery that says the return will only happen after a...
Sales of new cars are expected to be off by nearly 6 percent from a year ago, according to a joint forecast by J.D. Power and LMC Automotive, the companies reported Monday (June 29). Get the Full Story Complete the form to unlock this article...
In an email on Thursday (June 25), Nike CEO John Donahoe said the current financial crisis will likely see the athletics retailer cutting jobs after a $790 million loss in revenue, Complex reported. Get the Full Story Complete the form to unlock this article and...
Across industries and across the globe, industry experts continue to raise concerns about shifting B2B payment habits — often to the detriment of small vendors. But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. Get...
