As Kroger and Albertsons gear up for their merger, the former may benefit from the latter’s recent digital growth, with eCommerce transactions and loyalty engagement on the rise. Grocery giant Albertsons, which operates a range of major grocery chains including Safeway, Vons, Jewel-Osco and others,...
Wise, the U.K.-based cross-border money transfer business, has increased the average cost of transactions for the first time since 2020. As reported in the Financial Times on Tuesday (Oct. 18), the average cost per transaction increased by 2 basis points to 0.64% in the third...
B2B payments and invoicing network TreviPay has launched the TreviPay Aviation Network. The network provides a “co-branded, closed-loop card solution” for fixed-base operators (FBOs) and flight support service organizations that serve the general and defense aviation industries, as well as their customers, according to a...
After years of obsessing over the buying behavior of millennials, retailers and brands are now pivoting to the next big thing, specifically, the Generation Z cohort, whose oldest members were born in 1997 and are now turning 25, have incomes, and shop and spend differently...
For a business that’s been selling toys and games for 99 years, Rhode Island-based Hasbro — which now calls itself a “branded entertainment” company — is feeling the pinch of a mix of external pressures not seen in decades. While CEO Chris Cocks said the company...
After five years in the role, Nordstrom Chief Financial Officer Anne Bramman will resign in December, the luxury department store chain announced Monday (Oct. 17). “As a result of Anne’s guidance through the pandemic, Nordstrom has the financial strength and flexibility to successfully manage through...
After a little more than a year on the job, Chandra Holt has stepped down as president and CEO of furniture, appliance and electronics retailer Conn’s Home Plus. The Texas company announced her departure in a Tuesday (Oct. 18) news release, saying former CEO Norman...
Amazon’s app-based in-store shopping experience for men and women’s clothing and accessories opened its second location, this time in the Midwest at the Easton Town Center in Columbus, Ohio. At Amazon Style, customers can use their phones to scan QR codes as they shop the...
Customers — both personal and corporate — are more exacting than ever when it comes to digital banking. Their complaints are as keenly felt as they are diverse, with customers saying their banks fail them in several fields. Fifty-two percent of customers said their banking...
