After five years as head of membership-only retail warehouse Sam’s Club, it was recently announced that Rosalind Brewer will be exiting from her position as CEO. Doug McMillon, CEO of parent company Walmart, said to staff in a memo that Brewer was stepping down because “she...
The holiday confetti has settled, quite a few gifts have gone back — on National Returns Day and this week — but reports show customers did indeed use their power, high confidence to shop and willingness to take risks and rack up some debt this holiday season. Consumers...
Just last week JCPenney announced plans to sell its expansive headquarters campus located in Plano, Tex., for $450 million, and the retailer already has a buyer solidified for the sale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
No public listing looms for Neiman Marcus, reports Fortune, as the luxury retailer, facing some of the same headwinds as its peers, has decided not to take its shares to the masses. The news comes amid an official filing with the Securities and Exchange Commission (SEC)...
In the days of Al Capone, laundromats used to, literally, launder money. Now, that’s any website that a clever bad guy sets up or takes over. Today, Trustwave will launch its transaction laundering service — one that SVP Mike Petitti says shines a new light...
Wells Fargo said it is putting the final touches on a new compensation plan, as it continues to rebuild its reputation and win back customers in the new year, post-scandal. The Wall Street Journal reported that the plan will replace the old sales goals that put the...
Cash withdrawals set a record on Dec. 23 in the U.K., with Brits withdrawing £730 million from LINK cash machines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The first nationwide crackdown on P2P lending in China is underway — and expected to eliminate many of the 2,400 or so leading platforms in the nation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A new attack is emerging in which the hackers can prevent access to 911, and it may just be because of vulnerabilities in the system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
