News

eCommerce
China Launches Inquiry Into Fake Goods On Pinduoduo
August 01, 2018

Regulators in China have reportedly launched an investigation into Pinduoduo following on the heels of media reports that third-party vendors are selling fake goods on the marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Project Repat And A Second Life For Old Shirts
August 01, 2018

Many of us have faced the day when we realized our T-shirt collection has run out of control. Sure, you could throw out those shirts, or if they happen to be in servicable condition donate them to the Salvation Army — but it’s not always...

Loyalty & Rewards
J. Crew Launches Its First Rewards Plan To Win Back Shoppers
August 01, 2018

J.Crew has launched its first rewards program in a bid to lure back shoppers. 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, PYMNTS...

Retail
How Local Food Delivery Aggregators Compete With Larger Platforms
August 01, 2018

For every Uber Eats or Seamless, there are small food delivery platforms competing in cities across the U.S. on customer service, local knowledge and restaurant fees. In Richmond, Virginia, for example, Chop Chop allows diners to choose from a menu of 50 to 60 restaurants...

Retail
Starbucks Opens Princi Bakery In Seattle
August 01, 2018

In a second run at the bakery business, Starbucks has opened the doors to a brick-and-mortar location of Princi bakery and café in the U.S. The coffee chain had previously shuttered all of bakery chain La Boulange’s locations after acquiring the company in 2013, Chain Store...

Retail
Zara Now Offering Online Shipping From Stores
August 01, 2018

Zara is now enabling its stores to ship online purchases in an effort to boost sales of full-priced items. 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...

Retail
Amazon Could Hit $1T Market Cap Before Apple
August 01, 2018

Amid the race to reach $1 trillion in market capitalization, analysts are predicting that Amazon will win over Apple. Even so, Apple could potentially pull off an upset. The tech company’s stock rose up to 4 percent following better-than-expected revenue projections for the fourth quarter,...

B2B Payments
Watchdog Says Its Hands Are Tied; Takes No Action Against RBS
August 01, 2018

The Royal Bank of Scotland (RBS) will not face enforcement action by the U.K. Financial Conduct Authority (FCA), according to Reuters reports on Tuesday (July 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Fitch Sounds Warning On Corporate Debt Loophole Of Trade Finance
August 01, 2018

Trade finance is a critical part of cross-border trade, particularly for small businesses. The explosion of different kinds of trade finance enables businesses to address multiple areas of cash flow gaps for both buyers and suppliers, all with the same goal: keep the global trade...