With consumers buying more snack foods of late, according to major brands, PYMNTS research reveals they are looking for cheaper ways to get their fix while sticking with their favorite brands. Data from the latest edition of the Consumer Inflation Sentiment series, “Consumer Inflation Sentiment...
Predictive artificial intelligence (AI) has long been a chief financial officer’s best friend. For years, the cutting-edge tech, better known as machine learning (ML) or automation, has been silently performing tedious, high-value tasks across operations and helping businesses achieve future-fit efficiencies that drive growth by...
At Costco, eCommerce and discretionary items saw declines in sales in April. During the four weeks that ended April 30, the membership warehouse club recorded a year-over-year increase in total sales of 1.4% but a decline in eCommerce sales of 5.9%, according to a Wednesday...
Consumers face the choice between the effort to pick up and paying for bring-it-to-me convenience when buying goods. PYMNTS researched three categories — retail, restaurant meals and groceries — and found that across demographics, consumers prefer convenience, so long as it is within their budgets....
While apparel retailers are increasingly making forays into branded resale, creeping behind is footwear. Recently, Toms Shoes launched its resale initiative in partnership with thredUP and Sam Edelman in partnership with Archive, indicating that consumers are willing to not only resell items across more categories...
Brands face a conundrum when it comes to boosting top lines. While they ideally want to grow their customer bases, it can be more expensive to find a new customer than to retain an existing one — and grow their loyalty. Brendan Grove, chief technology...
Generative artificial intelligence (AI) solutions are set to produce new efficiencies across the business landscape. While the technology is having an ongoing pop culture moment as text and video generation continue to make headlines alongside fears of misuse and disruption of education, there exist exciting...
Barclays and TransferMate are collaborating on a new international receivables solution for U.K. businesses. By leveraging TransferMate’s global payments infrastructure, the new solution will allow Barclays clients operating in British pounds (GBP) to invoice their customers in more than 60 currencies and 67 countries and...
Tech companies have determined that the United Kingdom is not the place to launch their initial public offerings. This observation follows the decision of British semiconductor designer Arm to list in New York, CNBC reported Monday (May 8). The report attributed tech companies’ wariness about listing...
