Wirecard has postponed publication of its 2019 annual report after disclosing that its auditor can’t confirm the existence $2.1 billion in trust accounts — or about a quarter of the value on the company’s books. Get the Full Story Complete the form to unlock this...
Designer Brands Inc. reported that net sales plunged by 44.7 percent to $482.8 million in the first quarter of fiscal year 2020, compared to the same period the previous year. The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The...
With Mother’s Day solidly in its pocket, 1-800-Flowers adjusted its sales projections upward Thursday (June 18) as the gift and flower eCommerce company saw record results through the first three quarters of the year combined with unexpectedly high eCommerce demand through the first 10 weeks...
The digital shift is coming to Father’s Day, neat, as upscale spirits brands pick up on direct-to-consumer (DTC) momentum. Example: For the first time in the brand’s history, The Macallan Scotch is embracing the digital shift. It is partnering with eCommerce spirits distributor Thirstie Inc. to...
Kroger posted a monster first quarter on both sides of the aisle Thursday (June 18) as consumers showed they will visit grocery stores with the right safety measures, but also that online grocery is no fad in the post-pandemic era. Get the Full Story Complete...
This week’s 17 percent bounce for retail sales was a welcome bit of good news. Unfortunately, it will not be sustainable nor does it indicate the complete return of consumer spending. Time will tell if the number looks better on paper than it does in...
As COVID-19 menaced the world, an acronym known to relatively few — PPE — made its way into the lexicon of ordinary people. Personal protective equipment, or PPE, was worth a king’s ransom at the pandemic’s apex, as were adjacent products from hand sanitizer to...
Global payments provider Blackhawk will now work with lottery expert Pollard Banknote in order to let customers buy lottery tickets instantly, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
With a focus on expanding functionality for business customers, financial institutions (FIs) this week turned to FinTechs that could facilitate real-time data connectivity and analysis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
