Chanel has signed one of the largest lease agreements since the onset of the pandemic — a prominent retail space in the bustling shopping district of Causeway Bay in Hong Kong. The rented shop spans two floors, emphasizing Chanel’s commitment to maintaining a strong presence...
Perfect Corp. has created an innovative virtual hand-sizing technology aimed at assisting jewelry brands in minimizing their return rates. With the introduction of their new tools, users can now visualize accessories like rings, bracelets, and watches, empowering them to discover the most fitting products without...
Twitter reportedly continues to shed advertisers amid a rise in hate speech on the platform. In the five weeks from April 1 to the first week of May, ad revenue was $88 million, a 59% decrease from the same period a year earlier, The New...
Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into effect in 2024. PYMNTS examines what will be required as banks and FinTechs will rely on each other for data...
The contemporary commerce experience has become an end-to-end, digitally seamless and frictionless experience. Merchant payment capabilities need to keep up with, and even help push forward, this fast-evolving new normal. Beauty and wellness businesses were among those to “shift rapidly to digital-first solutions” due to...
Robinhood Markets says its customers are switching to high-yield deposits amid recent banking sector turmoil. Speaking Friday (June 2) at the Bernstein Strategic Decisions Conference, Robinhood CEO Vlad Tenev said total deposits into the company’s Gold Sweep program had surpassed $10 billion, “so it’s kind...
Fast casual eatery Cava is reportedly set to begin promoting its initial public offering (IPO). Executives from the Mediterranean-themed restaurant chain plan to begin a roadshow to attract investors as soon as Tuesday, the Wall Street Journal reported Sunday (June 4). The report, citing people familiar with the matter,...
Hackers have reportedly stolen data from several users of file transfer tool MOVEit Transfer. That’s according to a Friday (June 2) report by Reuters, citing a disclosure from software maker Progress Software, which earlier in the week had revealed the vulnerability that it said could lead to potential...
House Republicans have unveiled legislation they say fills in gaps in the country’s cryptocurrency regulations. The draft proposal, authored by Reps. Patrick McHenry of North Carolina and Glenn Thompson of Pennsylvania, gives the Commodity Futures Trading Commission (CFTC) explicit spot market authority over crypto commodities under...
