News

Retail
The Big Winners (And Losers) Of Retail Earnings Season
August 23, 2019

As the results from the nation’s most prominent names in retail came rolling in for Q2, one could not help but think back to high school and recall what is probably the best-known start to a novel in the English language:  It was the best...

Payments Innovation
Trending: Meeting The Millennial Need For AI-Powered Visual Shopping
August 23, 2019

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, you agree to receive marketing communications from PYMNTS and...

Cross-border Payments
ECB Gives Banks More Time To Cover Unpaid Loans
August 22, 2019

The European Central Bank (ECB) is granting eurozone financial institutions additional time to cover unpaid loans after being pressured by Brussels, Reuters reported on Thursday (Aug. 22).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
N26 Banking App Now Live In US
August 22, 2019

Banking startup N26 has announced that its mobile banking app is now available to customers across the United States, following the completion of a beta program that lasted two months, according to a release. Get the Full Story Complete the form to unlock this article...

Retail
Mobile Checkout Finds Fresh Fuel From 7-Eleven
August 22, 2019

Mobile checkout is getting a boost from one of the largest retailers, further evidence of the technology’s continuous move deeper into the consumer mainstream. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Rewriting Rewards Around Consumer Behavior
August 22, 2019

In theory, a rewards program tied to customer loyalty is a totally logical acquisition tool.  Customers prone to come in anyway are incented further with points (or stars, or cash back savings), which bring them in, which draws spend, which creates more points and rewards,...

Retail
Bringing Specialty Socks To Malls With Automated Retail
August 22, 2019

For many entrepreneurs, their experiences tend to guide them toward a particular area. The Sock Spot CEO Ben Williams, for instance, worked for a manufacturer in eCommerce and decided to start his own online shopping company. He settled on selling socks because his wife wore...

Retail
TJX Net Sales Miss Estimates In Q2
August 22, 2019

With heightened competition in the off-price space, TJX Cos. reported comp sales and total revenue that came out below the estimates of analysts. The discount department store retailer’s net sales were $9.78 billion, which were below estimates of $9.90 billion, Chain Store Age reported. Get...

Retail
Zomato Faces Challenges With Gold Subscription
August 22, 2019

As restaurants lose interest in the company’s Gold Subscription program, food delivery startup Zomato is hitting roadblocks in India. The offering was meant to be a win-win for restaurant partners along with Zomato, according to reports. Get the Full Story Complete the form to unlock...