News

Retail
Class Action Lawsuit Accuses Zara Of “Bait & Switch” Pricing
August 24, 2016

Fast fashion retailer Zara is facing a lawsuit from U.S. consumers that alleges that the firm intentionally misleads American consumers as to the price of its products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Sears Makes A Surprise Turn Toward International Fashion
August 24, 2016

Sears — in what feels like its ever-evolving attempts to reinvent itself for an increasingly fickle modern world — is changing up what it offers in the apparel department. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Merchant Innovation
Looks Like Samsung Is Building An Echo Of Its Own
August 24, 2016

It seems Samsung is not content to let Amazon and the Echo (or Google’s forthcoming Home products) walk away with the simple smart home device market. According to reports emerging, Samsung is releasing a gadget all its own called the Scoop to compete in the...

eCommerce
JustFab Rebrands As TechStyle
August 24, 2016

Shakespeare wasn’t one to take names overly seriously, famously musing in “Romeo and Juliet:” 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, PYMNTS...

Retail
Retail’s Ups And Downs: Best Buy, Outlet Malls And Pokémon GO
August 24, 2016

The world of retail can be a fickle mistress. One quarter, a company can post killer or even just better-than-expected earnings and be Wall Street’s stock du jour, only to fall flat on its face the next quarter by missing earnings estimates by a couple...

Mall Chain Owner Considering Selling Off Its Malls
August 24, 2016

Forest City Realty Trust, a real estate company that owns more than two dozen malls and shopping centers across the country, may soon be getting out of the shopping mall business altogether. Get the Full Story Complete the form to unlock this article and enjoy...

Here’s How Retailers Plan To Launch Their Holiday Campaigns This Year
August 24, 2016

There’s still over 17 weeks and more than 120 days of shopping left before Christmas, but retailers will start kicking their holiday shopping strategies into gear a lot earlier than that. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Blockchain / Distributed Ledger
Some Big Banks Are Borrowing The Blockchain To Build Their Own Bitcoin
August 24, 2016

The blockchain — the underlying technology that powers the digital currency bitcoin — may be nearing its mainstream moment in the sun as four of the world’s largest banks are using it to develop a new form of digital currency.  That bank-backed “bitcoin” is intended to become...

Security & Fraud
Android Security Flaw Exposes 1.4B Devices
August 24, 2016

A flaw that was previously discovered in the Android operating system’s Linux kernel is now believed to impact four in five devices, an estimated 1.4 billion Android devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...