H&M is planning to sell secondhand clothing from its flagship London store. The Swedish apparel retailer will debut its “Pre-Loved” collection of womenswear Oct. 5, the company said in a news release provided to PYMNTS Wednesday (Sept. 13). The move comes as H&M and others...
Birkenstock has filed to go public through an initial public offering (IPO) in New York. The German footwear brand did not specify in its Tuesday (Sept. 12) F-1 filing with the U.S. Securities and Exchange Commission (SEC) the number of shares or the IPO price. The Financial Times (FT) reported Tuesday that...
Sustainability initiatives have ignited a transformative spark across the fashion industry, compelling brands and retailers to realign their strategies with the evolving values of environmentally conscious consumers. While sustainability has permeated various market segments, from apparel and accessories to innovative rental and resale models, one...
Credit platform Versatile Credit has earned the confidence of growth equity firm PSG. The Pennsylvania-based company announced Wednesday (Sept. 13) that it had received a strategic growth investment from PSG, which it will use to expand its go-to-market infrastructure, its relationships with lenders, and move into new...
In the retail banking industry, convenience and trust are two pivotal elements that significantly influence customer satisfaction and the acquisition of new customers. In the report “Credit Union Membership and Credit Profiles,” PYMNTS leverages insights gathered from a survey of over 4,000 U.S. consumers and...
In today’s fast-paced world, gift-giving has become a convenient and versatile practice. Among the many options available, gift cards have emerged as the go-to choice for many. These small, plastic tokens offer a world of possibilities to the recipient, allowing them to choose what they...
The Connecticut Department of Banking has issued new industry guidance regarding the Small Loan Lending and Related Activities Act. These changes in the regulation are set to come into effect on Oct. 1, the regulator said in the document released Monday (Sept. 11). One of the key changes brought...
Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming its workforce, already reducing its employee base by nearly 40,000, Reuters reported Tuesday (Sept. 12). Santomassimo told...
Retail giant Target has inked a partnership with jewelry brand Kendra Scott to offer exclusive collections of earrings, bracelets and other accessories. Under the new agreement, announced Tuesday (Sept. 12), Target will offer vibrant jewelry from Kendra Scott, both online and at approximately 150 of its stores. The debut collection, featuring...
