Welcome to Five at Five, your late look at today’s payments and commerce news. Today’s coverage includes discussion of an edge that Walmart may have on Amazon, along with big funding news in the world of last-mile logistics. Best Buy wants to make a major...
To help Mall of America merchants engage with Chinese consumers, CITCON has teamed up with the shopping complex to offer stores a cross-border mobile payments system. The feature will be offered in merchandise shops, Nickelodeon Universe and guest services, CITCON said in an announcement. Get the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Comviva’s deployment of mobiquity in Columbia. In addition, PhonePe is teaming up with the Indian Railway Catering and Tourism Corporation (IRCTC) for mobile payments in India, and the National...
After what feels like years writing about the ongoing retail apocalypse, it is just a touch surprising to see retail do so well this week — especially physical retail. But, much like the the dog days of summer, physical retail has been undeniably on fire...
Tradesy Founder Tracy DiNunzio has a very defined perspective when it comes to fast, cheap fashion items and their more expensive designer cousins. Customers get what they pay for. Fast fashion is available, affordable but ultimately expendable. It has no resale value, and because it...
Former Walmart CEO Bill Simon thinks that Walmart’s big brick-and-mortar network of stores gives it an underrated edge against Amazon in a multichannel world where consumers want smooth online-to-offline commerce experiences. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
To continue to tap into the connected-home market, Best Buy plans to purchase GreatCall, Inc. for $800 million. The retailer expects that the deal will close by the end of the third quarter, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...
Kohl’s has expanded its partnership with Amazon, launching Amazon return stations throughout its Milwaukee stores. 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,...
After reporting a weaker forecast and higher losses, JCPenney saw its shares fall more than 27 percent. 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...
