News

Retail
Neiman Marcus May Shutter Key Manhattan Store
June 09, 2020

How the mighty have fallen — on hard times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Retail
Time Is Now To Use Bankrupt Stores’ Gift Cards
June 09, 2020

Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loyalty & Rewards
Klarna Pushes Into Rewards Space With ‘Vibe’
June 09, 2020

Global payments provider and shopping service Klarna is rolling out a sweetener in a bid to bring in more customers as summer weather beckons and coronavirus lockdown restrictions are eased. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Will Americans Return To Salons After Doing Their Hair At Home During The Pandemic?
June 09, 2020

When the pandemic hit and shut down hair salons along with other businesses nationwide, the effect on personal aesthetics started out as something of a joke. TV personality Kelly Ripa began tracking the progress of her gray roots growing out, celebrities began serving up their makeup-free selfies and people shaved...

Retail
Lumen Aims To Boost Weight Loss Through Metabolism Measurements
June 09, 2020

This year, about 45 million Americans will go on some kind of weight loss diet, and they’ll spend $33 billion doing it. However, very few of them will get to the core of how and why they became overweight in the first place. One of...

Retail
eCommerce Marketplace Bids.com Raises More Than $1.7M
June 09, 2020

eCommerce marketplace Bids.com notched more than $1.7 million in funding, exceeding its initial funding goal of $1 million for a first-round valuation of $10 million, according to an announcement. The company said it is gearing up for its second round of financing that “currently values...

Retail
Reopened Macy’s Stores Exceed Expectations, But Chain Still Expects Big 1Q Losses
June 09, 2020

Macy’s Inc. reported that its reopened stores are “performing better than anticipated” in its preliminary first-quarter 2020 financial results. The department store retailer said it had roughly 450 retail locations reopened by June 1, with many opened in their complete format, and that curbside pickup...

Retail
The Digital COVID Cure
June 09, 2020

Remember when omnichannel was “the thing” that would save retail? More recently it’s been payments choice. As summer 2020 gets underway and reopening along with it, digital as a way of operating smarter and faster … without having to touch anything … is the surest...

Digital Banking
AML/KYC Fast-Tracked In Open Banking Boom
June 09, 2020

In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of respondents said they are “very” or “extremely” likely to consider a firm’s digital offerings when deciding where to spend their...