Figure Technology Solutions has named Michael Tannenbaum as CEO and a member of the board of directors, effectively immediately. The company’s previous CEO, co-founder Mike Cagney, has assumed the role of executive chairman, Figure said in a Tuesday (April 23) press release. Tannenbaum was most recently chief operating officer at Brex and...
With ongoing financial challenges prompting consumers to make more conservative spending changes, major membership wholesale clubs’ latest promotions suggest they are having trouble getting shoppers to spring for full-priced memberships. In the last few weeks alone, Costco brought back its $20 membership deal, BJ’s Wholesale...
Perplexity has reportedly raised $63 million as it aims to compete with Google’s search engine. The new funding round values the artificial intelligence (AI) startup at $1 billion, marking a two-fold jump in valuation so far this year, Bloomberg News reported Tuesday (April 23). As the report notes, the not...
Consumers find stores’ own online grocery platforms more accessible than third-party marketplace offerings, bucking broader retail trends. Now, major players such as Amazon and DoorDash are trying to win those shoppers over by making their offerings more accessible — the former in terms of price,...
Saks is now offering digital advertising to connect brands with luxury shoppers on its platform. The new Saks Media Network delivers sponsored product ads and display banners on the luxury eCommerce platform, Saks.com, the retailer said in a Tuesday (April 23) press release. “Our view of the...
Few things must be as frustrating to an eCommerce merchant as cart abandonment. But, as PYMNTS Intelligence found in compiling its “How Preferred Payment Availability Can Reduce Cart Abandonment” report in a collaboration with Adobe, merchants shouldn’t take cart abandonment personally. Our data reveals that millennials...
When trying unfamiliar products online, consumers demand a high degree of expert, personalized guidance — the kind that they are used to getting in stores — and artificial intelligence (AI) can go a long way toward helping shoppers get over their initial hesitance. In an...
Access to financial resources is undeniably critical for business success. Without it, the road ahead can be fraught with challenges, potentially leading to the demise of even the most promising ventures. Yet, for independent creators — whether they are influencers, musicians or content creators —...
Management 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 the implications of decision-making in financial operations. And according to a recent panel discussion of industry heavyweights...
