After almost six decades as chief executive, L Brands CEO Leslie Wexner is reportedly in talks to leave his position as head of his retail empire. As the longest-serving chief executive of an S&P 500 firm, Wexner molded Victoria’s Secret, The Limited and Abercrombie &...
Big chains and eCommerce operators tend to drive retail innovation — or make the most news when commerce fails — but small, local and even mom-and-pop operations are getting more focus these days via various forms of change, innovation and disruption. Get the Full Story...
As the newest traditional merchant to try the expanding resale market on for size, Nordstrom is intending to sell secondhand clothes at its New York flagship and through eCommerce. The “See You Tomorrow” store will provide secondhand pieces from brands such as Thom Browne, Burberry,...
Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of transparency and sky-high fees and interest rates. Get the Full Story Complete the form to unlock this...
Despite its rising popularity, open banking and data sharing frameworks were not necessarily opportunities toward which banks initially jumped. 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...
Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries. Get the...
Airlines in the U.S. are following the lead of British Airways in canceling all flights to and from mainland China due to the coronavirus outbreak, according to reports on Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article and enjoy...
Plant-based burger maker Beyond Meat is facing a lawsuit from former business partner Don Lee over fraud allegations, saying the company misappropriated its trade secrets and broke a contract. This could hurt its stock rates, according to CCN.com. Get the Full Story Complete the form...
A lawsuit by the U.S. government is targeting five companies and three individuals accused of perpetuating hundreds of millions of fraudulent robocalls, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
