Poshmark is shuttering some overseas operations and paying greater attention to America’s recommerce market. “In order to focus on Poshmark’s North America business and drive meaningful growth in its core markets of the United States and Canada, the company has made the difficult decision to close...
The decision to shut down an online business to prioritize a brick-and-mortar retail strategy might seem counterintuitive. However, there are instances where this move could make perfect sense, driven by factors like inflation and the sensory experience offered by physical stores. HomeGoods announced Wednesday (Oct....
Conduent Inc., a global technology-led business solutions and services company, launched its latest Finance, Accounting, and Procurement (FAP) software solution, FastCap Finance Analytics, the company said Thursday (Oct. 19). The platform aims to uncover hidden working capital, enabling businesses to free up cash for operations, enhance financial...
In the fast-paced hospitality industry, where convenience and quick access to funds are of utmost importance to workers, the popularity of instant tip payouts is on the rise. In “Generation Instant: Hospitality and Tips,” PYMNTS Intelligence draws on a survey of more than 2,600 consumers...
Many people have said many of things about generative artificial intelligence (AI). U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said Sunday (Oct. 15) that if AI technology is left unchecked, it will lead to a financial crisis within a decade. Meanwhile, venture capitalist...
Danish startup Dealflow hopes to move beyond its invoicing roots after raising $700,000. The company will use the capital to help support a vision of developing an artificial intelligence (AI) “worker” to automate finance, according to a company blog post. “We’re already moving hundreds of...
Walmart is doubling down on its strategy of holiday season grocery deals in an effort to take advantage this high-stress time to secure market share and customer loyalty. On Wednesday (Oct. 18), the company announced “even bigger” deals on Thanksgiving meals and other holiday food...
Premium and luxury are not the same. In the world of fashion, premium brands strut their stuff by offering top-tier products that outshine mass-market alternatives, all while keeping prices at a runway-ready level for a wider audience. On the other hand, luxury brands tend to...
Delivery platforms like Instacart are becoming a valuable avenue for brands looking to connect with consumers who prefer the convenience of grocery shopping from their own personal spaces. In its most recent initiative, Instacart is poised to provide brands with category-specific buying data, enabling them...
