In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven itself resilient by posting a surprise quarterly profit and surpassing revenue estimates. The company’s turnout was attributed to improved inventory...
JPMorgan Chase is giving business clients deeper access into its $9.6 trillion payments network. The banking giant on Thursday (June 1) debuted its Payments Partner Network, a digital platform powered by Salesforce that lets merchants and corporate treasury clients view and tap into a matrix...
Petco, where the pets go. That’s the motto the specialty retailer aims to bring to its latest retail development: Petco’s flagship store in Union Square in New York City. The store is open and located at the corner of 17th and Park, at 44 Union...
General-purpose digital wallets started life in most parts of the world, including the U.S., as substitutes for physical credit cards at the point of sale — and promised to change how people pay. In truth, as Jenny Cheng, vice president and general manager of Google...
The recent banking crisis has strained the U.S. government’s deposit insurance fund. That’s according to data released by the Federal Deposit Insurance Corp. (FDIC) Wednesday (May 31) as part of its quarterly banking profile. It showed that the government’s Deposit Insurance Fund had $116 billion...
Amid the great digital shift, and in the post-pandemic world, the transportation industry is undergoing significant changes. With those changes come new vulnerabilities that need to be addressed as the trucking industry, dominated by small fleets and operators, embraces digitization but remains vulnerable to bad...
Cardinal Health, a manufacturer and distributor of medical and laboratory products, has teamed up with Square to provide payment solutions for independent pharmacies. This collaboration aims to help independent pharmacies increase operational efficiency, stay current with customer payment preferences, and access integrated software tools for...
Overdraft fees have been a hot button issue in financial services. But they’re less of a revenue source for banks — significantly less — than they were not all that long ago. To that end, as reported last week by the Consumer Financial Protection Bureau...
IKEA stores will soon be operating with a new warehouse management system designed to improve the omnichannel experience. Ingka Group, which owns and operates IKEA stores in 31 countries, has acquired Made4net, a provider of supply chain software solutions, Ingka Group said in a Wednesday (May 31) press...
