Big Lots said it’s shifting away from big-ticket items and toward small-town locations. The strategic change comes as the Ohio-based operator of 1,450 off-priced stores saw its third-quarter comp sales drop 11.7% as inflation and economic concerns continue to crimp low-end consumer spending. “The low-income customers whom...
Victoria’s Secret is hoping to entice customers with both bargains and innovation as sales drop. Speaking during an earnings call Thursday (Dec. 1), CEO Martin Waters projected a decrease in sales in the fourth quarter, saying the lingerie and beauty products retailer had seen a...
Latin America is a burgeoning market for eCommerce, with a recent report pegging its value at $382 billion, representing a 35% growth from 2021. Some experts are even projecting a 25% growth in volume between 2021 and 2025, including B2C commerce, cross-border purchases, travel and digital goods, for a...
Roughly one in 10 U.S. SMBs are concerned they won’t survive to see 2024, putting the onus on cash flow management to help them stay healthy and profitable. A new report explains how new payments solutions can help small companies improve cash flow management.
Walgreens says it will extend its same-day delivery service to fulfill orders around the clock. Beginning Thursday (Dec. 1), Walgreens will fulfill orders 24 hours a day, seven days a week at nearly 400 of its 24-hour stores — an industry first, the company said...
Temenos and Mbanq expanded their partnership to speed U.S. Banking-as-a-Service (BaaS) adoption. The companies announced their deeper collaboration Thursday (Dec. 1), saying it continues a relationship that began last year when the companies joined forces to develop a Credit-Union-as-a-Service tool. “This partnership opens up the opportunity...
With just over a month left to go until 2023 dawns, Spreedly CEO Justin Benson told PYMNTS that 2022 can be viewed as a year split into halves when it comes to the payments industry. In the first half of the year, there was still...
Payments innovators are pushing past omnichannel retailing to meld POS-capable channels tied to databases. It’s a unified commerce approach that brings capabilities like checkout anywhere on the sales floor. By creating digital environments in physical retail spaces, new customer interactions are enabled that not only...
Local FinTech wallets are a key part of the Asia-Pacific (APAC) eCommerce ecosystem. Whether Alipay in China, Paytm in India, Kakao Pay in South Korea or Rakuten in Japan, shoppers are accustomed to using local wallets to transact in their everyday lives. So why do...
