Unexpected supply chain costs took a toll on The Children’s Place in the fourth quarter. The children’s specialty apparel retailer said in Monday (Feb. 6) preliminary unaudited results that it expects a net loss of $52 million to $57 million in the quarter due to...
TerraPay has partnered with Beyon Money to enhance outward remittances from Bahrain in key corridors. The London-based cross-border payment services provider announced the partnership in a press release on Monday (Feb. 6). Through the collaboration, customers of Beyon Money, which bills itself as “a financial...
Open Software-as-a-Service (SaaS) eCommerce platform BigCommerce has expanded its Multi-Storefront offering to small businesses. Launched last year, Multi-Storefront was initially designed to help enterprise merchants launch and manage multiple storefronts within one BigCommerce store. Now, the company is opening this service to its small- to...
Will Grocery Stores Go the Way of the Department Stores? If grocery store executives want to see what their industry could look like over the next decade, they might want to look at how department stores have fared over the past two. Like the department...
For an emerging market, Latin America is in many ways leading the global digital transformation of payments through endless innovation and new ways of partnering. This was the upshot of a recent conversation between PYMNTS’ Karen Webster and PayU Latam CEO Francisco Leon, who said...
As food costs rise, consumers are turning to dollar stores to buy groceries. More than 20% of consumers purchase their groceries at stores such as Dollar Tree and Dollar General, CNBC reported Sunday (Feb. 5), citing research from Coresight. The report also points to a...
Nigeria is having a tough time switching over to some new paper currency. The Financial Times (FT) reported Friday (Feb. 3) that a shortage of the new bills has led to long lines at banks and ATMs, fights, limits placed on withdrawals, closed bank branches and a...
As global tech architecture advances, the time is ripe for the consumerization of B2B payments. This means increased personalization and real-time responsiveness, transactional transparency, and an overall B2B money movement experience that is much more streamlined and friction-free. The good news is this rosy future...
Scotland-based digital pharmacy Phlo has reportedly raised 10 million pounds (about $12 million) in Series A funding. The digital pharmacy will use the new capital to expand the reach of both Phlo Digital Pharmacy, which offers patients same-day delivery of medications in two British cities,...
