TikTok will soon be launching its first online retail store within the United States version of the app. The ByteDance-owned social media app’s new store will be up and running as soon as next month, Semafor reported Thursday (June 28). The store will include an array of...
For eCommerce brands heavily reliant on social media for sales and awareness, every day can bring a fresh round of worry. How much longer will TikTok be vulnerable to a nationwide ban, leading to a possible shopping channel pullback? Could another well-lauded innovation tank when it hits the market,...
As illustrated in the PYMNTS collaboration with LendingClub, “New Reality Check: The Paycheck-to-Paycheck Report,” Gen X shoulders the heaviest financial burden across generations, and the Supreme Court’s decision on student loan forgiveness may make it worse. The striking down of Biden’s forgiveness plan may give...
Consumers are increasingly turning to digital channels to purchase alcohol, as Constellation Brands observes, but eCommerce in the industry has a long way to go. The beer, wine and spirits giant, parent company of a range of popular brands including Modelo, Corona, Svedka and more,...
There’ll be no loan forgiveness, it seems… …and the pinch to retailers’ top lines — and profits — may be unforgiving. Friday (June 30th), the Supreme Court struck down the Biden administration’s student loan forgiveness program. And so, the stage looks set for roughly $400...
African startup Union54 is reportedly developing a super app that may launch in September. The new ChitChat app aims to provide secure messaging, dollar-based virtual cards, and services around payments, gaming, dating and food delivery, Bloomberg reported Friday (June 30), citing an interview with Union54...
Technology drives growth, and the pace of change is accelerating. That’s why, despite no clear regulatory framework, the world’s biggest tech firms aren’t about to stop their breakneck race to win the artificial intelligence era. In fact, from a bird’s eye view, they look to...
Across the restaurant industry, brands are getting more targeted with their promotions, and Denny’s has become the latest to tap data-informed, personalized “challenges” to get more return on its rewards investments. On Thursday (June 29), Denny’s, a full-service diner chain with nearly 1,600 locations around...
Authentic Brands Group has received a $500 million primary follow-on investment from growth equity firm General Atlantic. The global brand owner, marketing and entertainment platform — which owns more than 40 brands, including Brooks Brothers, Nautica and Reebok — will use the new funding to...
