News

Retail
Nordstrom Walks Back on Luxury and Leans Into Deep Discounts
April 15, 2023

Following its recent earnings report in early March, fashion retailer Nordstrom has announced the upcoming launch of nine additional stores for its Nordstrom Rack off-price retail concept. Most of the stores are planned to debut in the spring of 2024, while one store is scheduled...

Retail
Best Buy Eliminates Hundreds of In-Store Consultant Roles
April 14, 2023

Best Buy has reportedly eliminated hundreds of roles in its brick-and-mortar stores. 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...

Artificial Intelligence
Elon Musk Is Creating an OpenAI Competitor
April 14, 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...

Digital Banking
SBA Lifting Moratorium on Licensing New Small Business Lending Companies
April 14, 2023

Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans. 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...

Retail
Retail Sales Data: Consumers Reconsider Their ‘Essential’ Purchases
April 14, 2023

In retail, get ready for the “big reconsideration.” 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...

Loyalty & Rewards
Just 51% of Diners Used Restaurant Loyalty Programs in January
April 14, 2023

Restaurant loyalty program use has broadly increased in the past year, but that increase has begun to plateau in recent months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Organized Retail Crime Groups Focus on Everyday Consumer Goods
April 14, 2023

Everyday consumer goods are the primary target of organized retail crime (ORC) rings. 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....

Artificial Intelligence
Schumer Unveils Regulatory Framework for American AI Leadership
April 14, 2023

With more than 100 million monthly users, OpenAI’s ChatGPT is the fastest-growing consumer application in history. 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...

B2B Payments
Contractors May Move to Modernize as Manufacturing Boom Spurs Construction Demand
April 14, 2023

Government incentives are spurring nationwide industry investment as manufacturers race to find space to fulfill demand.  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...