News

Retail
Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
July 16, 2024

As the luxury retail sector looks to strike a balance between digital accessibility and the more immersive, high-touch in-store experience, these upscale brands must create an omnichannel strategy that is much more experiential than that of their mass-market counterparts. Get the Full Story Complete the...

Payments Innovation
Trustly Lays Out Vision for Open Banking at Retail
July 16, 2024

Open banking at retail — at the point of checkout — has the advantage of lowering the costs below traditional credit and debit options. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Goldman Sachs Unit Invests in Plaid, Databricks Company Stakes
July 15, 2024

Venture capital (VC) firm NEA has reportedly created a $540 million continuation vehicle that has drawn as investors Goldman Sachs Group’s alternatives unit, Industry Ventures, Pathway Capital Management and Goanna Capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
China’s Economic Growth Shows Surprise Slowdown
July 15, 2024

Economic growth in China reportedly fell to its slowest pace in five quarters. 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
Macy’s SVP Says Winning Back Customers Brand’s Top Priority
July 15, 2024

For Macy’s Senior Vice President, Customer Journey, Bennett Fox-Glassman, personalization boils down to two things. 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,...

Investments
OCN Raises $86 Million to Expand Gig Worker Platform
July 15, 2024

OCN, a gig worker-focused FinTech formerly called OneCarNow, raised $86 million in equity and debt in a Series A funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Fashion Brands Drop Virtual Goods to Drive Omnichannel Engagement
July 15, 2024

From the metaverse to video game worlds, fashion companies are releasing digital clothing and accessories to create new sales opportunities and get consumers to engage more with their brands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Lloyds Reportedly Puts Brakes on Staff Travel
July 15, 2024

Lloyds is reportedly telling staff to reduce their use of taxis and business class flights. 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,...

Social Commerce
Gen Z Consumers 117% Likelier to Shop From Influencers
July 15, 2024

As social commerce comes to occupy a growing role in retail overall, Generation Z consumers are the most likely to seek shopping inspiration from influencers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...