News

International
France’s Fund Aims To Rescue Tech Startups From Takeovers
June 05, 2020

Looking for a way to protect technology companies from becoming prey to foreign buyers, France has created a fund to bail out startups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
Catching Hold Of Rapidly Digitizing Consumer Bases
June 05, 2020

It’s been a busy week in payments and commerce, as June kicks off and consumers around the world are ready to reemerge into the physical world. But their path back to normal still looks decidedly uncertain, as the pandemic’s future remains unknown and civil unrest throughout America acts...

Investments
UAE Fund Pumps $1.2B Into Jio Platforms, India’s Telecom Giant
June 05, 2020

Mubadala Investment Co., an investment arm of the government of Abu Dhabi in the United Arab Emirates (UAE), is investing $1.2 billion in Jio Platforms, the Indian telecommunications firm, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
New Study Shows Retailers Are Stepping Up For Safety
June 05, 2020

With the most recent COVID-19 studies from PYMNTS reinforcing the need for health and safety in the retail world, some retailers are stepping up to accommodate consumers’ concerns. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Offline Shopping: Three Categories To Watch
June 05, 2020

The numbers are in. The latest in the PYMNTS COVID-19 series that quantifies the effects of the pandemic shows not only a deepening digital shift, but an increasingly sticky one. The research shows that 35.7 percent of consumers were shopping for retail goods online as...

Retail
Saving Main Street: Running Retailers Take The Baton
June 05, 2020

Terry Schalow is the executive director of the Running Industry Association (RIA). In addition to working toward its general mission of moving the sport and hobby forward, the RIA functions as a trade and advocacy group for independent running specialty stores, the huge majority of...

Retail
Gap Inc Q1 eCommerce Sales Rise 13 Pct
June 05, 2020

With pandemic-related store closures driving a 43 percent year-over-year decline in sales, Gap Inc. reported a 13 percent year-over-year rise in Q1 eCommerce sales and 100 percent year-over-year sales growth in May. The retailer said in an announcement that 55 percent of its North American...

Retail
JCPenney To Shutter 154 Stores, Start Closing Sales
June 05, 2020

JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as well as performance. The retailer said closing sales will commence at 154 stores following a court order entered at a...

B2B Payments
Why Banks Must Gear Up For A Growing Freelancer Base
June 05, 2020

With dramatic disruption in the economy, the freelancer community is in flux. 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...