News

Retail
Klarna Says Shoppers Want Recommendations Rather Than Search Results
May 26, 2023

Klarna aims to lead a shift in purchases from search to recommendations. 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...

Retail
Foot Locker Embraces Localization Strategy Through Small Concept Stores 
May 26, 2023

Despite facing challenges in the first quarter due to changes in Foot Locker’s physical presence, brand assortment, digital initiatives, and omnichannel strategies, the retailer is using concept stores as experimental spaces to explore localization in a bid to make deeper customer connections.   Get the Full...

Retail
Ulta Beauty Reports Strong Sales Growth Despite Dealing With Retail Theft  
May 26, 2023

Ulta Beauty CEO Dave Kimbell shared the company’s first-quarter results on Thursday (May 25), highlighting a 12.3% increase in sales compared to the previous year. Same-store sales also experienced a positive growth of 9.3% over the previous year. Get the Full Story Complete the form...

Artificial Intelligence
Generative AI Broke the Mold
May 26, 2023

Generative AI has permanently altered how humans create new ideas and content, yet even OpenAI's own AI detector misses 74% of AI-generated content. In the inaugural issue of the “Generative AI Tracker®,” PYMNTS describes how the race is on to ensure that human-generated materials retain...

Retail
Gen Z Leads Decline in Subscription Renewals
May 26, 2023

Value may outweigh convenience when it comes to recurring subscriptions, as consumers seek any and all avenues to cut costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Bank’s Best Customers Now Willing to Trade Convenience for Security
May 26, 2023

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 completing this form, you agree to receive marketing communications from PYMNTS and...

Faster Payments
EBA: Corporate Treasurers’ Hit Roadblocks Using Real-Time Data to Manage Liquidity
May 26, 2023

As demand for faster payments increases around the world, financial institutions (FIs) in Europe are having to beef up investment in real-time data and payment processing infrastructure to meet the needs of their corporate clients. Get the Full Story Complete the form to unlock this...

Retail
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
May 25, 2023

Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. 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...

Fintech Investments
FinTech IPO Index Slips 2.4% as OneConnect, Lufax Decline After Earnings Reports 
May 25, 2023

The last of the earnings reports are trickling in across the FinTech IPO Index, with more decliners than gainers, which in turn helped send the index down 2.4% for the week. Get the Full Story Complete the form to unlock this article and enjoy unlimited...