As consumers shift their spending from brick-and-mortar stores to eCommerce sites, iconic American fashion and houseware brands are shuttering their flagship stores. Lord & Taylor, for example, plans to close its store on Manhattan’s swanky Fifth Avenue, CBS reported. That decision came after the retailer...
Driven by younger customers, such as millennials and teens, casual luxury is bolstering sales of luxury apparel, handbags and footwear. According to research from Bain, consumers — particularly teens — are looking for low-brow statements in items such as sneakers, T-shirts and rubber sliders, CNBC...
IBM is teaming up with Intellect Design Arena to deliver new solutions for corporate banks, according to a press release on Thursday (June 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A group of investors in Canada and France has announced a partnership to launch a transatlantic fund aimed at facilitating investment in small businesses (SMBs) in Quebec and France. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Clarity, a startup that offers small businesses (SMBs) a way to manage their data, announced plans for a token sale before its official launch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Human capital management company Ceridian HCM Holding announced on Thursday (June 7) a new feature of its Dayforce HCM solution that can help business users address issues with employee retention. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Amazon-effect is back at it again in the B2B world. With eCommerce now a mainstay for consumers, B2B eCommerce is quickly coming into the fold, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
There is a clear pattern in B2B FinTech investment. Recent years saw a surge in funding for alternative finance players, as a gap in access to traditional bank loans paved the way for AltFin to make its splash. While the alternative lending hype has dulled...
Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to perform a months-long industry-wide review. However, the U.S. regulator has concluded that the practice of creating fake customer accounts isn’t...
