Britain’s Financial Conduct Authority (FCA) has said the Financial Ombudsman Service, which handles complaints from financial companies and customers, will be able to raise fine amounts and in turn allow for more compensation to customers and businesses, according to reports. Get the Full Story Complete...
To help head up joint business initiatives and work toward the alignment of their long-term interests, Alibaba Group Holding Ltd. and Ant Financial reportedly plan to form a steering committee. Alibaba Chief Executive Officer Daniel Zhang is said to head up the group, which will reportedly be...
In an effort that could limit Silicon Valley’s growth, U.S. Senator Elizabeth Warren (D-Mass.) has put out a plan to break up large tech firms like Facebook and Amazon. The idea is said to be the clearest proposal of its kind in the presidential race...
Retailers are bringing omnichannel experiences to consumers by bridging the worlds of online and brick-and-mortar commerce through offerings such as buy-online-pickup-in-store (BOPIS). Following that trend, Fast fashion apparel retailer rue21 recently announced it plans to bring the offering to more than 700 stores. Get the...
When the world first encountered the brand in 2011, Dollar Shave Club didn’t have much more than an innovative idea for selling razors and a viral video about the concept. Pitched at men, Dollar Shave Club offered a simple choice: pay $10-$20 for razors at...
Amid growth in its eCommerce sales and online selections, Costco Wholesale Corporation beat analysts’ estimates for earnings, but fell short on top-line revenues for the second quarter. The warehouse chain reported revenues of $35.4 billion and earnings of $2.01 per share compared to analysts’ estimates...
Amid a strong holiday season, Barnes & Noble, Inc. reported an increase of 1.1 percent in comp sales. The result showed “the Company’s best quarterly performance in several years,” the bookseller said in an announcement. Get the Full Story Complete the form to unlock this...
Marking its first fall in quarterly sales in half a decade, LaCroix sparkling water maker National Beverage Corp. reported revenue of $220.9 million for the quarter concluding on Jan. 26. By contrast, the Florida-based company reported $300 million in the quarter finishing in July, The Wall...
Millennials, we’ve often been told, are a generation of renters, as opposed to buyers. Maybe it was all the early childhood focus on sharing that was in vogue in the 1980s, maybe it was the Great Recession that forced many of them to graduate college...
