Francesca’s, a boutique clothing chain, has acquired the lifestyle brand Richer Poorer as part of its strategy to appeal to millennial and Gen Z women. The acquisition aims to expand the retailer’s channel reach by taking advantage of its strong wholesale network, as well as...
Recent quarterly reports indicate that major tech companies such as Amazon and Meta have experienced a boost in advertising revenue, suggesting a possible recovery of the digital advertising industry. However, as retail media gains momentum and brands and retailers seek new ways to attract and...
Adore Me has teamed with Walmart to expand its direct-to-consumer (D2C) lingerie brand. The apparel company, owned by Victoria’s Secret, has been working for the last two years with intimate designer Gelmart on an under-the-radar partnership to develop an exclusive line for Walmart called Adored...
An ex-Federal Reserve official said America’s regional banking crisis hasn’t yet passed. Former Federal Reserve Bank of Dallas President Robert Kaplan said in a Wednesday (May 3) interview with Bloomberg Television that the country’s central bank should hold off on interest rate hikes as troubles...
America’s biggest bank auditor is reportedly under fire after a trio of high-profile banking failures. KPMG, one of the “Big Four” accounting firms, was the auditor for Silicon Valley Bank (SVB), Signature Bank and First Republic Bank, all of which were taken over by federal...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Brad Wiskirchen, GM and SVP of Kount, an Equifax Company, says businesses need to focus on finding the customers...
Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via these platforms are expected to quadruple from $1 trillion to $4 trillion between 2020 and...
Raising the level of deposit insurance for banks should not go too far. So said Wells Fargo CEO and President Charlie Scharf on Tuesday (May 2) during a panel discussion at the Milken Institute Global Conference. Banks are independent enterprises, are highly regulated and are...
Investors remain concerned about the future of regional banks. After regulators seized the struggling First Republic Bank and auctioned it off Sunday (April 30) and JPMorgan Chase agreed to acquire it on Monday (May 1), shares of other regional banks dropped on Tuesday (May 2),...
