If you can sell your clothes, why can’t you also rent out your clothes? By Rotation, a U.K.-based app, is looking embrace the mindset of consumers who sell their belongings on third-party marketplaces like Poshmark and The RealReal — but apply it to a rental...
For banks — and specifically for their consumers: No deposit, no return? The bedrocks of finance — the commercial banks — are seeing at least some turbulence as customers draw down on deposits. And to keep customers in place, and the funds in place, there...
J.P. Morgan Chase is reportedly resolving some duplicate transactions experienced by its customers who used Zelle. The bank has apologized to customers, is working to resolve the issue, and will fix any double payments and related fees, The Wall Street Journal (WSJ) reported Friday (June 2). Reached for comment...
Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. In the United States, for instance, supermarket chain Aldi recently announced that it is reducing the prices of more than 250 products. “We don’t...
Pay by bank transfer is an increasingly popular payment method for consumers, yet it also carries security concerns as it involves sharing banking details. We explore this and related issues in “New Payment Options: Building Stronger Customer Ties With Pay by Bank Transfer,” a PYMNTS...
Buybuy Baby, the baby gear retailer owned by Bed Bath & Beyond, has caught the attention of at least two bidders as its parent company works to auction off its assets. CNBC reported Friday (June 2) that investment firm Ankura Capital Advisors is advising an...
Grocery shoppers’ anxieties around food price inflation may be easing somewhat, but they continue to pinch pennies wherever possible. In an interview with PYMNTS, Barbara Connors, vice president, strategy and acceleration at 84.51°, Kroger’s retail data science, insights and media company, spoke to how consumers’ grocery...
Saks Fifth Avenue is now offering its luxury personal shopping and styling service at resorts. Previously offered only in the luxury retailer’s own stores, the Fifth Avenue Club is now available in private suites at select Marriott International’s The Ritz-Carlton and St. Regis Hotels & Resorts and other luxury resorts, Saks Fifth Avenue...
Shopify has launched a new rewards program for users of Shop Pay in the United States. The new Shop Cash program gives customers making eligible purchases 1% back in rewards that can be redeemed on the company’s Shop app, Shopify said in a Friday (June...
