Boosted by strong digital sales growth, Kohl’s posted a strong first quarter and beat both top-line and bottom-line estimates. The retailer reported earnings per share of $0.64 and revenues of $4.21 billion compared to analysts’ estimates of $0.50 and $3.95 billion, respectively. Get the Full...
Hy-Vee amps up its partnership with the Wahlberg brothers by opening its first Wahlburgers restaurant at the Mall of America in Minnesota. The opening comes as Hy-Vee plans to open another 25 restaurants over the next few years, The Star Tribune reported. Hy-Vee Chief Executive...
Which?, a U.K.-based consumer group, and a cross-party group of 84 MPs are taking on bank overdraft fees, demanding the Financial Conduct Authority (FCA) require banks to charge the same rages for unarranged overdrafts that they do for arranged overdrafts. According to Which?, the rates...
ZTE, the Chinese telecom firm, may see losses of as much as $3.1 billion (20 billion yuan) amid a continuing ban from the U.S. government on U.S. firms supplying components and materials to ZTE. Get the Full Story Complete the form to unlock this article...
Nationwide, one of the U.K.’s top three mortgage providers, is responding to struggling profits by focusing on corporate banking, reports in Reuters said Tuesday (May 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
With a market gap as wide as $1.5 trillion, it’s no wonder the trade finance industry has landed the attention of FinTechs at a lightning pace in recent years. Much of that focus occurs in the form of alternative lenders introducing new avenues through which...
Retailer Neiman Marcus is turning to technology to boost visibility into sales and inventory for its supplier base, the company announced this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Global payments logistics service provider EFiS is broadening its collaboration with payments messaging firm SWIFT to facilitate connection to faster payments networks in Europe, the companies announced on Tuesday (May 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Capital One released its third annual commercial card survey on Tuesday (May 22), and, according to the results, the industry is in need of an innovative push. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
