Is the retail industry looking at the wrong numbers? It could be. While last week’s 16 percent overall spending drop lit up the headlines and scored high on the drama factor, it’s the eCommerce numbers – up 8.4 percent during the same period – that...
In a letter to its customers, Apple outlined its approach to the reopening its retail locations. Apple Senior Vice President for Retail and People Deidre O’Brien wrote in the letter that almost 100 of its stores throughout the world have been able to open their...
In emerging markets, expanding access to financial services for small- to medium-sized businesses (SMBs) is imperative to promoting wider economic growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The pandemic continues to drive forward the conversation about B2B supplier payment habits, as some retailers vow to maintain timely payment terms to promote the cash flow of their vendor partners, while others choose to delay payment to preserve their own working capital needs. The...
Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company announcement on Monday morning (May 18). Get the Full Story Complete the form to unlock...
Uber’s Sunday (May 17) acquisition offer of 1.9 of its shares for each Grubhub share is not enough to close a deal, but discussions are still ongoing, according to a Wall Street Journal (WSJ) report citing sources familiar with the talks. Get the Full Story...
The coronavirus has made it likely that this summer will look very different from summers past, and rising sales of outdoor furniture and pool, grill and gardening equipment signify that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Many firms have been navigating a lot of change of late given the small matter of the international health crisis, but even by recent standards, Green Dot stands out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The New York-based private equity firm General Atlantic closed an $870 million deal for a 1.3 percent stake in Jio Platforms, the digital subsidiary of Reliance Industries in India. The deal puts Jio’s valuation at $65 billion, according to a report in The Financial Times (FT)...
