News

eCommerce
Why Farfetch and TheRealReal No Longer Find Beauty Products Pretty
August 15, 2023

Over the past few years, the beauty category has witnessed unprecedented growth, leading to a surge in new brands, innovative products, and cutting-edge marketing strategies. However, while the beauty category has thrived and evolved, it doesn’t necessarily mean that retailers not associated with beauty will...

Regulation
Experian Consumer Services Faces $650,000 Fine for Spam Emails
August 14, 2023

The Federal Trade Commission (FTC) is hitting Experian Consumer Services (ECS) with a $650,000 fine over charges that it sent its customers unsolicited emails without providing them a way to unsubscribe. The FTC’s complaint said ECS violated the CAN-SPAM Act, according to a Monday (Aug....

Retail
Amazon Adds Whole Foods Private Label to Marketplace Despite Overall Cutbacks
August 14, 2023

Amazon may be cutting back on its private-label offerings overall, but it seems that, when it comes to grocery brands, the eCommerce giant may just be getting started. The company will be adding brick-and-mortar grocery subsidiary Whole Foods Market’s private-label brand, 365 by Whole Foods...

Retail
Tim Hortons Joins QSRs Taking Over Grocery Stores’ Coffee Aisles
August 14, 2023

As restaurants look to expand their reach to more parts of consumers’ day-to-day routines, many fast-food chains are getting into consumer-packaged goods (CPG). Take, for example, the coffee aisle, which is filling up with restaurant brands. Tim Hortons, the North American coffee chain with more...

Loyalty & Rewards
Brooklyn Dumpling Shop CEO: Inventory Management Key to Customer Loyalty
August 14, 2023

As restaurants’ loyalty efforts become more important amid today’s macroeconomic pressures, inventory management technology can be key to customer retention. In an interview with PYMNTS, Stratis Morfogen, owner and CEO of Brooklyn Dumpling Shop, an automat-style chain with a handful of locations in the Northeast (and more...

Artificial Intelligence
From PopeGPT to the Pentagon: All Eyes on Gen AI Oversight
August 14, 2023

Artificial intelligence (AI) holds seemingly unlimited potential to impact nearly all areas of human activity across personal, professional and social life, as well as politics and the global economy. AI has even captured the attention of organizations as disparate as the Pentagon and the Catholic Church’s...

Retail
A Tale of 2 Brands: Macy’s Ramps Up Private Labels as Amazon Backs Away 
August 14, 2023

While Macy’s is making its plans public to enhance its private business, Amazon is reducing its focus on private-label operations.   This summer, Macy’s announced its plans to launch four private brands by the end of 2025. The first brand, called “On 34th,” is scheduled to...

Investments
Mastercard Investment Values MTN’s FinTech Group at $5.2 Billion
August 14, 2023

South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s business at $5.2 billion. At the same time, MTN made a commercial agreement with Mastercard...

Security & Fraud
The Trade-Off With That Free, Unexpected Package You Received — Your Identity
August 14, 2023

Have you received an unexpected package lately? It might be from Amazon, Home Depot, or any other retailer you can think of. While receiving an unsolicited package might seem like a pleasant and cost-free surprise, it’s important to keep in mind that nothing truly comes...