News

Retail
Temu and Shein’s Black Friday Marketing Heft Pressures Other Retailers
November 27, 2024

The marketing might of two online retailers might mean a bleak Black Friday for rivals. 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,...

Retail
Luxury Brands Shed 50 Million Customers as Prices Climb
November 27, 2024

Luxury brands have shed roughly 50 million customers over two years as shoppers seek lower prices. 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...

Retail
How True Religion’s Data-Driven Approach Powers Customer Loyalty and Holiday Campaign Success
November 27, 2024

As True Religion works to re-establish itself in the retail landscape, the brand is placing an emphasis on data-driven marketing strategies to drive both customer loyalty and sales. By leveraging insights to better understand consumer behavior, True Religion is focusing on standing out through product...

Investments
SoftBank Reportedly Eyeing $1.5 Billion OpenAI Stock Purchase
November 27, 2024

SoftBank reportedly wants to purchase $1.5 billion in OpenAI stock. 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 completing this form, you agree...

Payments Innovation
How the ‘Shopify of Gaming’ Is Helping Developers Go Direct to Consumer
November 27, 2024

The seeds were sown long ago for Chris Faught, CEO of Neon, to create a direct-to-consumer (D2C) platform for the gaming industry in 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Nordstrom’s Digital Sales and Enhanced Customer Experience Drive Growth in Q3
November 26, 2024

While digital sales continued to perform well at Nordstrom, enhancements to the overall customer experience paid off as well, according to CEO Erik Nordstrom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Best Buy Revenues Dip as Consumers Await ‘Deals and Sales’
November 26, 2024

Best Buy says cautious, deal-chasing consumers and the presidential election kept quarterly sales muted. 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...

Artificial Intelligence
Google Vets Raise $56 Million to Give AI Its ‘Android-Like Moment’
November 26, 2024

A group of tech veterans have reportedly raised $56 million to help construct an operating system for artificial intelligence (AI) agents. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Citi Invests in Mortgage Infrastructure Provider Pylon
November 26, 2024

Citi made a minority investment in mortgage infrastructure provider Pylon. 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 completing this...