News

Retail
Brunello Cucinelli: When Consumers Recognize Product Value, They Spend 
January 09, 2024

Over the past year, the focus in retail has been delivering the value that customers seek. While many assume this means offering the lowest prices, Brunello Cucinelli, a brand recognized for its understated luxury and discreet pricing, is demonstrating that if consumers perceive value in...

Retail
Walmart Aims to Become ‘Customer’s Concierge’ With Latest Retail Technologies
January 09, 2024

The future of commerce will be “customer-centric, interconnected, frictionless and consistently exceeds expectations.” 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 Today....

B2B Payments
Digital Business Networks Alliance Launches to Oversee eInvoicing Solution
January 09, 2024

The Digital Business Networks Alliance (DBNAlliance) has been launched as a nonprofit organization to oversee the exchange framework of the Business Payments Coalition’s E-Invoice Exchange Market Pilot.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Alternative Finances
Working Capital Solutions Bridge Cash Flow Gaps for 48% of Growth Corporates in Commercial Travel
January 09, 2024

The utilization of working capital solutions among Growth Corporates in North America has transcended the conventional focus solely on investment purposes. Insights detailed in the “2023-2024 Growth Corporates Working Capital Index (WCI): North America Edition” by PYMNTS Intelligence underscores this evolution, shedding light on the...

Retail
Rent the Runway Cuts 10% of Corporate Staff 
January 09, 2024

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. 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 Today. By...

Banking
SVB Financial Group and Creditors Aim to Form New Company
January 09, 2024

SVB Financial Group, the former parent company of Silicon Valley Bank, has made progress in its bankruptcy case by reaching a deal with key creditors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
National Bank of Oman to Leverage PayMate’s B2B Payment Solutions 
January 09, 2024

The National Bank of Oman (NBO) will leverage PayMate India SPC’s B2B payment automation solutions.  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 Today. By...

Retail
Carrefour-PepsiCo Spat Comes as Grocers Step Up Efforts to Manage Inflation
January 09, 2024

As rising food prices alienate grocery customers, merchants are beginning to throw their weight around with major food brands, if the Carrefour-PepsiCo standoff is any indication, though the truth may be murkier. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
AppDirect Raises $100 Million to Fund Investment Program
January 09, 2024

B2B subscription commerce platform AppDirect received $100 million for its investment program. 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 Today. By...