pymnts Profile:
Target (NYSE: TGT)
Target Corporation is the eighth-largest department store retailer in the United States, and is a component of the S&P 500 Index.
Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
April 18, 2024Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card, a ...Read moreMastercard Brings Commercial Cards to Digital Wallets
April 18, 2024Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the ...Read moreBiden Pledges to Block US Steel Acquisition by Japanese Firm
April 17, 2024In a recent statement, President Joe Biden emphasized the importance of keeping U.S. Steel Corporation, a cornerstone of the American industrial sector, under domestic ownership. This declaration comes amid growing ...Read moreJapan’s Antitrust Overhaul Targets Tech Titans Like Apple
April 17, 2024Japan is ramping up its antitrust regulations in a bid to crack down on monopolistic practices among major corporations, taking cues from recent actions by the European Commission. Following the ...Read moreSenator Blames ‘Pink Tax’ for Undermining Women’s Financial Wellness
April 16, 2024A Pennsylvania lawmaker has once again put the so-called “pink tax” in the spotlight. In a new study, U.S. Sen. Bob Casey, D-Pa., accuses corporations of disproportionately undermining the financial well-being of ...Read moreUnions & SMBs Urge Congress for Antitrust Funding Boost
April 16, 2024Various unions, small businesses, and advocacy groups are urging the US Congress to allocate more funds to the Justice Department and the Federal Trade Commission (FTC) to strengthen antitrust enforcement. ...Read moreRBC Capital Markets Launches Cash Management Solution
April 16, 2024RBC Capital Markets has launched a cloud-native cash management solution designed for Fortune 1000 companies in the United States. The new RBC Clear platform provides near real-time traceability and transparency of transaction lifecycles for ...Read moreJapan Probes Google for Alleged Ad Monopoly
April 16, 2024Japan’s antitrust watchdog has initiated an investigation into Google’s purported monopoly, an exploitation of its dominant position in the realm of online advertising. The U.S. tech behemoth stands accused of ...Read moreChina’s Regulation on Resale Price Maintenance: The Necessity and Path for the Implementation of the “Safe Harbor” and “Effects-Based Defense” Mechanisms
April 16, 2024The regulation of resale price maintenance (RPM) stands as a notably contentious issue within antitrust law. The 2022 revision of China’s Anti-monopoly Law introduced the concepts of “Safe Harbor” and ...Read moreBlackRock and Jio Team to Offer Wealth Management in India
April 15, 2024India’s Jio Financial Services has launched a joint venture with BlackRock. The collaboration will establish a wealth management and brokering business in India, and comes less than a year after the two companies ...Read more
Grubhub Deepens Grocery Offering With Mercato Partnership
April 18, 2024Grubhub is expanding its grocery presence via a partnership with online marketplace Mercato. The collaboration, announced Thursday (April 18), will bring Mercato’s inventory from more than 950 independent grocery stores nationwide to the Grubhub Marketplace. “Grubhub ...Read moreKraft Heinz Sales Dip as Shoppers Make ‘Smaller Trips’
February 14, 2024From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14). Speaking ...Read moreWalmart Shares Hit All-Time High as Groceries Draw Shoppers
November 3, 2023Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at $166.30, is the highest point since ...Read moreBuoyant Grocery Spend Sharpens Online, Offline Battle Lines Between Walmart and Amazon
September 15, 2023The latest official data from the United States government gives a nod to the fact that U.S. consumer spending on grocery products remains buoyant. The resilience will likely give new impetus ...Read moreReport: Hostess Weighs Sale After Takeover Interest From Food Giants
August 27, 2023Some of the world’s biggest food companies are reportedly interested in buying Hostess Brands. The Twinkies-maker is considering a sale after hearing takeover interest from companies that include General Mills, PepsiCo, Mondelez International and The Hershey Company, ...Read moreDeliveroo Orders Drop, but Customers Up Spending by 10%
August 10, 2023Deliveroo Plc, the British food delivery company, posted strong earnings on Thursday (Aug. 10) for the first half of 2023, even while total orders fell 6% as the company looks to ...Read moreWalmart Offers Customers on Government Assistance Walmart+ Discounts
July 20, 2023Walmart is continuing its efforts to court customers who receive government assistance. The retail giant on Thursday (July 20) announced the debut of its Walmart+ Assist program, which offers customers on government assistance half ...Read moreConsumers Purchase Groceries at Walmart, Saving Pricier Item Spend for Amazon
June 30, 2023Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. In-person shopping beats online in how often consumers shop at the world’s largest two retailers, ...Read moreWhite Castle Launches Beer as Restaurants Enter Grocery Stores
March 30, 2023As restaurants expand their grocery store offerings, White Castle is doubling down on branded beer. On Thursday (March 30), the quick-service restaurant (QSR) chain announced the launch of its second beer ...Read moreCostco Leverages Prepared Food Demand to Drive Memberships Amid Inflation
March 2, 2023Costco is drawing in customers amid inflation by meeting their demand for more affordable restaurant alternatives. On a call with analysts Thursday (March 2) discussing the members-only warehouse chain’s second quarter ...Read more
iPhone Sales Plunge to 4-Year Low in China
April 23, 2024Apple’s troubles in China continue, with iPhone sales reportedly plummeting 19% during the last quarter. That brought the company’s flagship product to its worst performance since the start of the COVID pandemic in 2020, ...Read moreExpress Files for Bankruptcy as Gen Z Shoppers Redefine Fast Fashion
April 22, 2024With young consumers’ fashion habits rapidly evolving alongside quickly changing social media trends, Express has not been able to keep up. The fast-fashion company, which in addition to its self-titled retail ...Read moreGen Z Shoppers Want Things, Not Experiences
April 22, 2024As consumers save for big purchases, Gen Z is proving to be the only generation that would rather save up for an object they will get to keep than an ...Read moreAlbertsons: Digital Rewards Keep Shoppers Spending
April 22, 2024As ongoing financial challenges have grocery shoppers more cautious about their purchasing, many are seeking out digital rewards. In its fourth quarter and full year fiscal 2023 financial results, Albertsons Companies shared that increases ...Read moreBite CEO: Self-Service Kiosks Meet Shopper Demand for Click-and-Mortar™ Retail
April 22, 2024Consumers are demanding eCommerce-like convenience from their in-store journeys, and retailers are rising to the occasion with self-service technologies. In an interview with PYMNTS, Brandon Barton, CEO of self-service kiosk provider Bite, ...Read moreLevi’s Finds D2C Business Provides Greater Consumer Trend Insights
April 22, 2024Levi Strauss has found that selling through its own stores gives it greater insights into consumer trends. The company’s D2C channels also allow it to test new products before making them available to wholesalers ...Read moreFrom Heineken’s Dumb Phone to T-Pain, ’00s Make a Comeback
April 20, 2024From the rise of social networking to a more fractured media landscape to the integration of artificial intelligence (AI) into daily life, the world looks very different now than it ...Read moreShoppers May Ditch Preferred Merchants If Credit Card Surcharges Expand
April 19, 2024With consumers struggling under ongoing financial challenges, many may find credit card surcharges to be the proverbial straw that breaks the camel’s back, leading them to be less loyal to ...Read moreBrazil’s Click-and-Mortar™ Shoppers Underpin Pix and Instant Payments Growth
April 19, 2024The rise of the Click-and-Mortar™ shopper in Brazil may give some tailwind to the use of Pix, the instant payment system that became operational in the country in late 2020. The ...Read moreP&G: Shoppers Are Done Trading Down to Private-Label
April 19, 2024Many consumers may have traded down to private-label brands in earlier stages of the current period of high inflation, but now, according to Procter & Gamble, shoppers are consistently staying ...Read more
Virtual Cards Set to Transform Buyer-Supplier Relationships
April 23, 2024Management guru Peter Drucker once said that “wherever you see a successful business, somebody made a courageous decision.” That’s the spirit behind the Certainty Project, a study from PYMNTS Intelligence highlighting ...Read moreIssuers Look Beyond Inflation and Interest Rates to Managing Real-Time Fraudsters
April 23, 2024As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal. ...Read moreRapid FinTech Growth Adds Risk to Inbound Account Funding
April 22, 2024The quick growth of neobanks and FinTechs has put an increased emphasis on secure money movement. Ingo Payments CEO Drew Edwards details the challenges in money movement and their solutions ...Read moreConvenience Drives Non-Cash Users to Pay With Card
April 19, 2024For consumers no longer carrying wallets full of cash, ease and convenience are top of mind, PYMNTS Intelligence reveals. By the Numbers The June 2023 PYMNTS Intelligence study “Consumer Inflation Sentiment Report: ...Read moreThis Week in B2B: Lending Innovations, AI and Digital Payments
April 19, 2024The B2B landscape is on the cusp of the next era in payments innovation. As PYMNTS readers already know, this new and exciting era is being driven by an ongoing digital ...Read moreEU Regulators Set to Accept Apple’s Proposals on Tap-and-Go Tech
April 19, 2024European Union (EU) antitrust regulators are reportedly preparing to approve Apple’s tap-and-go mobile payments system proposals as early as May. The tech company had proposed to open the system to rivals after being accused ...Read moreAffiniPay Expands Payment Processing Solutions to Puerto Rico
April 18, 2024AffiniPay has expanded the availability of its payment processing solutions for attorneys and accounting professionals to Puerto Rico. These solutions, LawPay and CPACharge, are already used by more than 80,000 law and accounting firms in ...Read moreWorldFirst Launches Cross-Border Payment Solution for B2B Trade
April 18, 2024Digital payments platform WorldFirst has debuted a solution to help small businesses speed cross-border payments. WorldTrade, announced Thursday (April 18), is aimed at small and medium-sized enterprises (SMEs) that procure products from suppliers based in ...Read moreMore Payments Friction Coming for Customers
April 18, 2024The recent credit card surcharge agreement brings into focus the impact regulations could have on businesses. Spreedly Vice President of Product Joe Meuse explains what the changes could mean for ...Read moreNext-Gen Fraud Strategies Use Data to Onboard Customers Safely
April 18, 2024Business need to fight fraud with data, says Bryan Lewis, CEO of Intellicheck. He breaks it down in the new PYMNTS eBook, “The Implications of Uncertainty.” Data breaches and mail theft have resulted ...Read more