News

eCommerce
Alibaba to Bring Tmall eCommerce Site to Europe
June 15, 2023

Alibaba, the Chinese eCommerce behemoth, is planning to expand its Tmall eCommerce site to Europe, according to Michael Evans, president of Alibaba Group. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days
June 15, 2023

Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. 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...

Retail
Kroger Says AI Boosted Digital Coupon Redemption by 180 Million in Q1
June 15, 2023

Kroger is using artificial intelligence (AI) to drive spending among inflation-concerned shoppers, utilizing consumer data to be more effective with its digital couponing efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Social Commerce
TikTok Looks to Southeast Asia to Drive eCommerce Growth
June 15, 2023

TikTok will invest billions in Southeast Asia as it undergoes scrutiny elsewhere in the world. 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,...

Retail
Global Retailers Set Sights on Slice of US Consumer Spend
June 15, 2023

Overseas retailers, once focused on expansion in global markets, are showing increasing interest in claiming a stake in the United States, seeking to make their presence known both online and in-store. As reported in June by The Wall Street Journal, global brands such as Mango...

Cross-border Payments
Visa and Sunrate Team on X-Border Business Payments
June 15, 2023

Visa and payment and treasury management platform Sunrate have teamed to boost its cross-border payment offerings. 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,...

IPO
Cava’s $318 Million IPO Haul Shows Industry’s Turn Toward Fast-Casual
June 15, 2023

Cava’s blockbuster initial public offering (IPO) comes as restaurant customers look to strike a balance between convenience and quality — the sweet spot for the fast-casual segment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Report: Zepz Seeks M&A Targets After 26% Layoffs
June 15, 2023

Money transfer FinTech Zepz is reportedly looking to add to its business portfolio. 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....

Retail
Can Exclusive 48-Hour Product Preview Access Save J.Crew? 
June 15, 2023

J.Crew once had a chokehold on a cohort of consumers who seemingly loved the preppy vibe along with brands like Abercrombie & Fitch and Hollister Co. Today, the flame as faded out as J.Crew’s product assortment no longer seems to resonate with consumers, reflected in...