News

Retail
Foot Locker’s Stock Plunges 34% as It Battles ‘Still-Tough Consumer Backdrop’
August 23, 2023

Foot Locker shares plunged 34% at the release of second-quarter earnings on Wednesday (Aug. 23) as the company faces a challenging retail environment and struggles to meet sales expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Sephora Helps Kohl’s Drive a 90% Increase in Beauty Sales
August 23, 2023

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Investments
SpyCloud Secures $110 Million Funding to Strengthen Digital Identity Protection
August 23, 2023

SpyCloud has secured $110 million in a growth round of funding to expand globally and enhance its authentication bypass prevention solutions, further fortifying digital identities against cyber threats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Loyalty & Rewards
Fast-Casual Chains Turn Their Loyalty Focus to the in-Restaurant Experience
August 23, 2023

As restaurants continue to seek out ways to combat declining traffic, fast-casual chains including Sweetgreen, Noodles & Company and Panera Bread are taking their loyalty efforts beyond the digital sphere into their brick-and-mortar restaurants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Seasonal Trends and a Recall Prompt Drop in Peloton Subscriptions 
August 23, 2023

The state of recalls. That’s what it feels like with Peloton, as on Wednesday (Aug. 23) the company reported a loss that exceeded expectations and a reduction in new quarterly subscribers. The fitness company cited the recall of its bike seat post and seasonal patterns...

Artificial Intelligence
Twilio Unveils AI Tools for Customer Engagement Platform
August 23, 2023

Twilio has introduced new artificial intelligence (AI) tools for its customer engagement platform. 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...

Delivery
Carvana Adds Indiana to Its Same-Day Delivery Roster
August 23, 2023

Online used-car platform Carvana says it has added same-day delivery to a second state. 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...

eCommerce
Giant Food Closes Three eCommerce Facilities as Grocers Rethink Fulfillment
August 23, 2023

As merchants look for ways to improve the margins of online grocery, Giant Food is backpedaling, reportedly closing three delivery fulfillment centers to find a better model. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Citi Streamlines Retail Offering as Personal Banking Income Grows 11%
August 23, 2023

Citi has introduced a series of new offerings designed to streamline its retail banking business. 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...