There’s a reason that business processes get the “consumer” treatment, not the other way around. And it isn’t just because the cart can’t drive the horse. As it relates to end-user purchasing experiences, “[those of] consumers are just dramatically more streamlined than the experience business...
Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. In-person shopping beats online in how often consumers shop at the world’s largest two retailers, as consumers turn to Walmart for groceries and Amazon for less frequent but more...
The platforms surged — many of them anyway. And yet the FinTech IPO Index was up a muted 1.5% headed into the end of the second quarter and headed into a trading week that will be shortened by the July Fourth holiday. Opendoor was up...
While Nike may have rekindled its relationships with wholesale partners Macy’s and DSW, the apparel and footwear giant isn’t looking to go full throttle on wholesale, unless consumers want it. Well, maybe. Let’s dig into that. Earlier this month PYMNTS reported that Nike would be reversing...
Unit21 has raised $45 million in a Series C round to grow the Fintech Fraud DAO consortium. The funding is being used to support a collaborative approach to addressing fraud and money laundering, and the consortium is experiencing a surge in participation, the risk and compliance infrastructure company...
The Commodity Futures Trading Commission (CFTC) will be taking a closer look at cybersecurity, emerging technology and environmental fraud. Those will be among the issues addressed by two new task forces comprised of attorneys and investigators, the CFTC said in a Thursday (June 29) press release. “We must...
During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs. Pharmacy sales rose 3.4% year over year, fueled by the demand for Ozempic and other GLP-1 receptor agonists. These medications are prescribed...
Shein has denied a media report that it has registered for an initial public offering (IPO) in New York. Reuters reported Thursday (June 29) that the fast-fashion retailer has confidentially submitted its registration with the Securities and Exchange Commission (SEC) and that its IPO could...
Skyscend Capital and Encore Funding have partnered to offer supply chain financing. With this collaboration, supply chain financing will be offered through Skyscend Pay, a software-as-a-service (SaaS) platform that integrates with enterprise resource planning (ERP) systems and automates the invoicing process, the companies said in...
