News

Retail
Richemont Confirms China’s Diminishing Role in Luxury Retail 
July 18, 2023

China, once hailed as the savior of the luxury sector, is no longer providing the same support as before, at least for now. The industry had relied on a revival in China to offset the sluggishness in the U.S. market. However, this lifeline is no...

Retail
Zalando Introduces Body Measurement Tool to Reduce Returns 
July 18, 2023

To recoup costs for returns, retailers have traditionally relied on tactics such as high restocking fees or charging for returns. However, a new trend is emerging to promote informed and deliberate purchases to reduce returns. Zalando is the latest retailer to join this trend.  Get...

Retail
Dollar General Offers Cash Back as Consumers Hunt Low Prices
July 18, 2023

Dollar General says it wants to help its customers earn cash back on purchases. 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....

Investments
Super App Companies Scale Back Plans Amid Funding Drought
July 18, 2023

While consumers are excited about super apps, some investors apparently aren’t as sure. 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....

Security & Fraud
Bottomline and Pay.UK Team on Fraud Prevention
July 17, 2023

Payments FinTech Bottomline has teamed with Pay.UK to help companies prevent fraud. 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...

CFPB
CFPB and European Commission Open Dialogue About Digitization of Finance
July 17, 2023

As financial services become more digital, consumer advocates on both sides of the Atlantic are taking notice. 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...

Delivery
Uber Eats Teams With Vroom to Boost $5B New Verticals Business
July 17, 2023

As Uber Eats looks to grow its non-restaurant sales, the aggregator is partnering with convenience retail eCommerce platform Vroom Delivery to grow c-store sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

IPO
Ola Electric’s Rapid Growth Sparks Early IPO Plans
July 17, 2023

Indian startup Ola Electric Mobility is reportedly in line for an initial public offering (IPO) sooner than anticipated. 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...

Regulation
FCA Proposes Consumer Duty on Social Media Financial Product Ads
July 17, 2023

The U.K.’s financial watchdog wants to crack down on illicit marketing of financial products on social media. 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...