Frozen food didn’t kill the restaurant. Telephones didn’t kill human interaction. And eCommerce won’t kill brick-and-mortar retail. That’s L Brands CEO and Chairman Les Wexner’s theory, as reported by The Wall Street Journal, in the face of brick-and-mortar retail’s worst year ever. Get the Full Story...
As Walmart seeks to invest in tech to compete with Amazon, the retailer has acquired a small virtual reality (VR) startup. Spatialand will become the crux of Walmart’s VR efforts as the retailer looks to transform its shopping experience across multiple channels, Recode reported. Get...
In the 1970s, the venerable The Great Atlantic & Pacific Tea Company (A&P) was losing market share. While Safeway expanded in the West and enjoyed the benefits of population growth there, A&P had a bit of a problem: It was focused on the East Coast,...
Meal kits came to the market strong and, for a while there, it seemed like everyone was offering a variation of a direct-to-one’s-door delivery of dinner’s component parts waiting for assemblage. That market has since seen more than a bit of difficulty in sustaining the...
Most companies today have at least some kind of automation in place within the accounts payable (AP) department. Even when invoices flow in as paper documents, organizations are using electronic solutions or optical character recognition (OCR) tools to process those bills for payment. Get the...
BMO Bank of Montreal is expanding its commercial card portfolio with a focus on small businesses. 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...
In just two years, the U.S. will see 483 million domestic business trips, according to Audrey Hendley, SVP of Global Products at American Express. Hendley recently spoke at a corporate travel event held in New York, put on in conjunction with Hilton, to explore some...
Several U.K. banks have reportedly standardized the onboarding process for new small business (SMB) customers, adhering to regulators’ efforts to ease bank-switching, another move by the traditional financial services space that could help it compete with the growing population of challenger banks. Get the Full...
Soon after news emerged that the Consumer Financial Protection Bureau (CFPB) would be pulling back its investigation into Equifax Inc. and the data breach that led to the personal data of 143 million Americans being exposed, Equifax announced a new initiative it says aims to...