Open banking platform Tarabut Gateway hopes to expand in Saudi Arabia after raising $32 million. The company announced the Series A funding round Wednesday (May 3) in a news release provided to PYMNTS, saying it wants to use the money to attract new talent and...
Fraud is growing faster, which means organizations’ defenses need to constantly be evolving. Today’s digitized payments landscape has given bad actors an increasingly sophisticated array of tools and tactics to defraud both businesses and individuals, making it mission-critical for organizations to defend their exposure points...
Luxury store openings in Europe skyrocketed last year as global travel resumed. That’s according to the latest edition of Savills’ Global Luxury Retail Outlook, which found a 77% increase in new high-end stores in Europe. “A relatively fast recovery in luxury spend in the region,...
Aiming to reach a new generation of golfers, Adams Golf has moved fully online. The TaylorMade Golf-owned brand aims to be “a digitally native leader in direct-to-consumer golf equipment,” Adams Golf said in a Monday (May 1) press release. “We’re pushing this brand to be progressive and different, but...
Simon Property Group (SPG), the largest shopping center manager and developer in the United States, has had a favorable start to the year, as indicated in its first-quarter report on Tuesday, which presented gains across different metrics. However, one question remains: Are people still shopping...
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...