News

Smartwatch Sales Post First-Ever Annual Decline Thanks To Apple Watch
July 22, 2016

The smartwatch market saw its first-ever year of sales decline, and it was a doozy, according to a new report from IDC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Retail Spending In Britain Down Sharply In June (But Not Thanks To Brexit)
July 22, 2016

Retail sales in Britain were down sharply in June, but The Guardian blames the measly sales data on uncharacteristically “soggy” weather, rather than the country’s controversial vote to leave the European Union. Get the Full Story Complete the form to unlock this article and enjoy...

Pandora Refuses $3.4 Billion Offer From Sirius XM Owner
July 22, 2016

Pandora, the online radio streaming service, turned down a $3.4 billion acquisition offer from Liberty Media recently, the company that owns the Sirius XM satellite subscription radio service, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article...

eCommerce
Jet.com Turns One
July 22, 2016

There are certainly no shortage of online marketplaces out there, but only one of them has attached itself to the epithet of “Amazon killer.” For better or worse, that honor over the last 12 months has gone to Jet.com, and as it celebrates its first...

Partnerships / Acquisitions
Retail Bedfellows Tracker: Barnes & Noble Seeks Screenplays, Xiaomi Seeks Stores
July 22, 2016

Just because the pundits say that certain forms of retail are on their way to the grave doesn’t mean that merchants in those markets are going to go quietly into that good night. Such resilience puts many over-the-hill brands in a difficult position, though. Unable to go...

Security & Fraud
Birkenstock Takes Amazon Counterfeiting Into Its Own Hands (And Feet)
July 22, 2016

Few dads and tropical tourists look as fetching in any piece of footwear as they do in Birkenstocks, and the company is well aware of the brand image it’s acquired. So aware, in fact, that it’s willing to go to drastic lengths to protect unauthorized...

Merchant Innovation
Grover Brings The Sharing Economy To Electronics
July 22, 2016

At the rate smartphones come out today, the price of a new device (plus two-year contract and data plan) can be difficult to pay off in the time before they release the next one. To that end, a new startup to the U.S. thinks renting...

International
Investors Want Uber, Didi To Halt China Squabble
July 22, 2016

A group of behind-the-scenes investors are pushing to have Uber cease its escalating war with Didi Chuxing, China’s largest taxi cab-hailing company, over control of the lucrative Chinese marketplace because they fear it is costing the company too much money, according to a Bloomberg report....

News
Vantiv Named CBA’s Sole EFT Processing Partner
July 22, 2016

Vantiv, a provider of payment processing services, has been chosen by the California Bankers Association as its sole endorsed EFT processing partner. 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...