News

Retail
How Fortnite Turned ‘Free’ Into $3B In Profits
January 05, 2019

Until extremely recently, the word “fortnight” was a fancy way to say “two weeks” – and it wasn’t likely to come up unless one happened to be studying for the SATs. But in the year 2018, that changed – the word went from being a...

Retail
Sears In Danger Of Liquidation If No Deal Is Reached
January 04, 2019

Sears, which hasn’t turned a profit since 2010, may face liquidation if it can’t find a resolution to its bankruptcy situation, according to a report from CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Manhattan Retail Battle Heats Up As Saks Closes Store Downtown
January 04, 2019

Luxury retail company Saks Fifth Avenue is closing a two-year-old location at Manhattan’s Brookfield Place, a move that spotlights the intensifying competition from other high-end retailers for physical space amid shoppers’ exodus to online shopping. Get the Full Story Complete the form to unlock this...

News
Five At Five: Marriott’s Passport Problems
January 04, 2019

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest about the big Marriott data breach, and a new kind of a corporate appointment for Mastercard. U.S. lawmakers want to combat tech theft from China...

Banking
Goldman Increases Interest Rates For Marcus
January 04, 2019

Goldman Sachs has boosted interest rates for Marcus savings accounts, according to a report from CNBC. 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...

Investments
Indian Tech Startups Broke Funding Records In 2018
January 04, 2019

Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Taking Stock Of Tokenized Stocks
January 04, 2019

Tokenization of publicly traded stocks – might crypto have found a use case that is global in scope? 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...

Retail
Dagne Dover’s Function-Focused Handbags Disruption
January 04, 2019

Before Melissa Mash was CEO of up-and-coming DTC handbag company Dagne Dover, she’d spent a surprising amount of time in retail. As a college undergrad, she found internships with a clothing and bedding designer, and with the jewelry company Henri Bendel. Get the Full Story...

Retail
Sleeping Pods Where Students, Professionals Can Recharge
January 04, 2019

To serve students and professionals looking to catch up on sleep between classes or work projects, so-called sleeping pods are coming to venues like offices and universities. HOHM, for instance, recently brought its pods to the campus of the University of Arizona. The company’s founder...