News

Retail
25K Store Closures Forecast Amid Pandemic
June 09, 2020

As many as 25,000 stores could close by year’s end, most of them in malls, as part of the fallout from COVID-19, a new survey reveals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Vroom’s Shares Surge Following IPO
June 09, 2020

Online auto retailer Vroom Inc. saw its shares more than double on Tuesday (June 9) on their first day of trading following the company’s initial public offering (IPO). The firm’s stock traded as high as $48.88, up 122.2 percent from the stock’s IPO price of $22....

B2B Payments
FreshBooks Unveils Initiative To Link Accounting Professionals With SMBs
June 09, 2020

To connect modern accounting firms with small businesses, FreshBooks rolled out its FreshBooks Accounting Professionals Program. The software firm said the initiative is inspired by a Collaborative Accounting approach that has accounting professionals and their small business clients working in connection as a team and...

News
Today In Payments: InsurTech Lemonade To Go Public; Affirm Unveils High-Yield Savings Account
June 09, 2020

In today’s top news, insurance tech startup Lemonade filed an IPO, and Affirm launched a high-yield savings account. Plus, retail dispute management firm Chargeback raised $6.6 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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...