News

Retail
Walmart Gives Up On Unpopular Self-Checkout Service
May 16, 2018

Walmart has ended its self-checkout service after it failed to become a hit with customers. 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,...

Banking
TRENDING: Prepping Banks For AI’s Pandora’s Box
May 16, 2018

From artificial intelligence to blockchain to new mobile app features and offerings, banks and financial institutions are investing more in innovations to give customers a better experience and gain an edge over their competition. Get the Full Story Complete the form to unlock this article...

Retail
Investors Believe Home Depot Can Compete With Amazon
May 15, 2018

As shares of Home Depot have risen with the coming of spring, some investors are bullish on the chain and believe it can compete with online retailers such as Amazon. The company’s stock has risen more than 10 percent since the beginning of April, outpacing...

Retail
From Chatroom Buddy To Mall Concierge: The Evolution Of Chatbots
May 15, 2018

In the 1960s, Massachusetts Institute of Technology professor Joseph Weizenbaum came up with a revolutionary idea: a computer-based script that would take in phrases and generate a response. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Majority Of Company Leaders, Employees Leaving Toys R Us
May 15, 2018

Toys R Us CEO Dave Brandon — along with other members of the leadership team and the majority of employees—are leaving the company. A company spokesperson confirmed to Retail Dive that Brandon and the executives “fulfilled their professional and fiduciary responsibilities to the company.” Get the...

Retail
Toys R Us’ Surprisingly Sexy Inventory Auction
May 15, 2018

When now bankrupt Toys R Us puts its assets on the auction block next month, some expected things will be up for sale — like the toy and game retailer’s internationally recognized mascot Geoffrey the Giraffe, according to recent CNBC reports. Get the Full Story...

Retail
Playing Chess With Amazon: Target’s Competitive Strategy
May 15, 2018

They say it’s healthier to eat several small meals throughout the day instead of two or three big ones. Can the same logic be applied to shipments? That is, can several small deliveries serve a store better than one big truckload — even when the store...

Retail
Sears Builds Committee To Explore Kenmore Sale
May 15, 2018

Last month, investor and CEO of Sears Holdings Corp., Eddie Lampert, said his hedge fund ESL Investments was interested in bidding on some of the retailer’s units. Sears has since announced the creation of a committee to look into the sale of its Kenmore brand, along...

B2B Payments
HSBC Completes Its First Trade Finance Transaction On Blockchain
May 15, 2018

HSBC has completed its first trade finance transaction on blockchain technology — and claims it’s the first to do so in the market, due to its single-system solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...