The European Court of Justice has sided with luxury brand Louboutin in a lawsuit against Amazon. Reached for comment Thursday morning (Dec. 22), an Amazon spokesperson told PYMNTS the company “will study the court’s decision.” Later, the spokesperson followed up with this addition: “Amazon makes...
Under Armour has named Marriott International President Stephanie Linnartz president, CEO and a board member. Linnartz will join the athletic apparel brand on Feb. 27, 2023, while interim President and CEO Colin Browne will resume his position as chief operating officer, Under Armour said in...
Outsourced banking processes are being used by FinTechs and small business to minimize rising rate risk. By using banking-as-a-service (BaaS) to address this and other macroeconomic challenges, Treasury Prime COO Remy Carole told PYMNTS, these companies are not only surviving and thriving but can even...
Despite all the growth of omnichannel retail, the inventory data needed to satisfy BOPIS demand is still behind. Among those pressures: Having the right inventory in place, and having the right tech stack in place to track that inventory and update the information in real...
The epic battle for wallet share between Amazon and Walmart entered uncharted waters in 2022. Tracking the action in the PYMNTS Amazon Versus Walmart report series, the year began with big news: the eCommerce titan bested the Bentonville behemoth for the first time in history,...
As grocery shoppers seek more convenience, Ahold Delhaize sees eCommerce demand rising despite economic headwinds. In an interview with PYMTNS, Rom Kosla, executive vice president, information technology and chief information officer for Ahold Delhaize USA’s services company, Retail Business Services, discussed these trends. He noted...
As prices rise, restaurant chains are taking very different approaches to their rewards programs. While some brands are pulling back their rewards to avoid further diminishing their margins on top of the price increases they are already forced to absorb to remain competitive, other brands...
German eCommerce sales have seen a double-digit decline in the lead-up to Christmas. The numbers, reported by the German Federal Association for eCommerce (bevh), reveal that online sales between Oct. 1 and Nov. 30 — including Black Friday — were 16.8% lower than in the...
Nigerian online furniture store Taeillo now has $2.5 million in funding raised to ramp up production. The Lagos-based investment company Aruwa Capital Management, a female-founded and led impact investor, provided the capital, which it announced earlier this month (Dec.12). “We are thrilled to announce this investment into...
