As consumers increasingly change their buying habits toward consumables, Dollar Tree appears to be profiting from this trend. Customers see Dollar Tree and Family Dollar as appealing places to make value-driven purchases. During the retailer’s first-quarter earnings call on Thursday (Aug. 23), CEO Rick Dreiling noted that Dollar Tree...
Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.” Much in the way 9/11 forced financial services...
How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots such as ChatGPT. The implication for regulators,...
Amazon’s strategy of overtaking Walmart in key retail categories may finally come to fruition. The competition between the world’s top two retailers for shares of consumer spend is fierce. Walmart currently dominates in the food and beverage category with an 18% share of consumer spend....
The FinTech IPO Index barely budged this past week, giving up a slight 0.1% through the past five sessions. A bit less than three months from now, earnings season will be in full swing again, and we’ll see if the lending picture has brightened, if...
One of the more compelling stories to come out of the pandemic was the idea of shoppable content. The hyper-convenient purchase moment and context of shoppable content, along with its emergent cousins like social shopping and live selling, seemed poised to take off. Click-through to...
In March, PYMNTS reported on Nordstrom’s shift from its prior reputation of luxury and exceptional service to utilizing substantial discounts to manage inventory, resulting in decreased sales and profits during the fourth fiscal quarter. Today, has the narrative evolved? While the retailer asserts a more...
Luxury watchmaker Rolex plans to boost its presence in the retail space by acquiring watch merchant Bucherer. This acquisition will ensure the continuation of Bucherer’s success and strengthen the close ties between the two companies that have been nurtured since 1924, Rolex said in a Thursday (Aug. 24)...
Healthcare payments firm Waystar Technologies is ready to become a public company. Waystar announced Thursday (Aug. 24) that parent company Waystar Holdings had confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for proposed initial public offering (IPO). “The number of shares to be...
