News

Retail
Amazon To Open Grocery Stores In US Cities
March 01, 2019

Amid Amazon’s efforts to grow its reach in the food space, the eCommerce retailer is reportedly looking to launch grocery stores in multiple big U.S. cities. The company is reportedly aiming to open a location in Los Angeles as soon as the close of 2019,...

Retail
Kroger Widens Ban On Visa Credit Cards
March 01, 2019

Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will stop offering that payment option beginning April 3. Get the Full Story Complete the form to unlock this article and...

Banking
Revolut’s CFO Departs Amid AML Saga
March 01, 2019

Amid controversy around an anti-money laundering system, Revolut CFO Peter O’Higgins resigned from the firm. O’Higgins didn’t mention the issue in his resignation statement, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Gap Inc. Plans Big Channel Changes Amid Evolving Retail Landscape
March 01, 2019

As Gap Inc. looks to improve the channel mix of its eponymous brand and shutter specialty stores, the retailer beat analysts’ earnings estimates but fell short on top-line revenues for the fourth quarter of 2018. The retailer reported revenues of $4.62 billion and earnings per...

Retail
Retail Pulse: DSW Expands In-Store Experiences; L Brands Plans Store Closures
March 01, 2019

Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. DSW, for instance, is growing its W Nail Bar partnership to offer services such as manicures and pedicures in more U.S. markets, aiming to generate repeat visits as part of its experiential retail efforts....

Retail
goPuff: Making Convenience More Convenient With Delivery
March 01, 2019

It’s happened to almost everyone at some point in their lives: They are up in the middle of the night working on a school project/work project/watching over a sick child, when two unfortunate realities become apparent at the same moment. The first is that they...

Retail
Tesla Plans Move To eCommerce Sales Model
March 01, 2019

In an effort to transition to an eCommerce sales platform, Tesla announced its move to an online-only sales model. The company’s CEO, Elon Musk, noted that the move would lower costs and enable the Model 3 to arrive on the market, CNET reported. Get the Full...

B2B Payments
HighRadius Links AR Data To Collections
March 01, 2019

Order-to-cash Software-as-a-Service company HighRadius is addressing organizations’ collections struggles with a new data exchange solution. 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,...

B2B Payments
Kabbage: Small Business Owners Not Paying Themselves
March 01, 2019

Cash flow management challenges can burden small business owners struggling to pay vendors and employees, but a new report from Kabbage finds that entrepreneurs often go unpaid themselves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...