PayPal has bought a majority stake in Chinese payments group Guofubao (NationPay), and has acquired a payments license in the country, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
WeWork’s initial public offering (IPO) is suspended and the company is pulling out of its S-1 filing, CNBC reported on Monday (Sept. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
It looks like tariff worries could take a bite out of retail spending this holiday season. According to new data out from AlixPartners cited by RetailDive, only 31 percent of consumers are planning to spend the same or more than they did in 2018. That...
Americans spend quite a bit of money each year attempting to be artistic. The combined revenue of America’s two largest arts and crafts shops, Hobby Lobby and Joanne’s, came in at over $7 billion in 2018 alone. Some of those consumers are knitting, sewing and painting, while...
The world of toys has changed and keeps on changing, and that means changes, too, for toy retail — changes that reflect some of the hottest trends in commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Fast-fashion chain Forever 21 has filed for Chapter 11 bankruptcy protection. The company said it will close a large number of physical stores worldwide, CNBC reported on Sunday (Sept. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Luxury travelers may trade the typical beach vacation or amusement park trip for more exotic and adventurous destinations, such as Costa Rica or Naples, Italy. And this segment is willing to spend big on their excursions. But many luxury trips can run aground without effective...
Counterfeiting is stereotypically the domain of luxury goods, where fraudsters dupe unsuspecting shoppers into buying fake handbags, accessories or beauty products. But as with the tainted baby formula scandal a decade ago and more recent vape-related illnesses, possibly due to tampered cartridges, counterfeiting can affect...
Maritime eProcurement platform ShipServ announced it has signed an agreement with Hanseaticsoft GmbH. 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....
