The neobanks promised to shake up the world. Especially in Europe. It hasn’t quite worked out that way. As the first quarter of 2023 is firmly in the rearview mirror, as open banking becomes ever-more firmly entrenched within the fabric of everyday financial life in...
Square is giving merchants an easier way to make contactless payments. The commerce solutions provider has begun offering Tap to Pay on Android for sellers in the U.S., U.K., Australia, Ireland, France and Spain, letting them accept contactless payments with a compatible Android device, according...
From Stella McCartney launching sustainable beauty to Dries Van Noten and Off-White expanding into makeup or skincare, apparel retailers have increasingly made strategic efforts into the beauty industry, seeing it as a promising avenue for growth. H&M is the most recent apparel retailer to venture...
Zalando will add a ChatGPT-powered fashion assistant to its online platform for fashion and lifestyle. The fashion assistant’s generative artificial intelligence (AI) capabilities will enable it to help customers find and select items based on questions they ask using their own words or fashion terms,...
WWE has expanded its partnership with Fanatics, giving the sports retailer control of events merchandising. That means that Fanatics Commerce — the company’s eCommerce, licensed merchandise and physical retail operations business — will manage on-site retail sales for all of the WWE’s 300-plus wrestling events...
In the first quarter of the year, Italian luxury group Brunello Cucinelli, most renowned for its cashmere apparel, witnessed sales growth of 33% at constant exchange rates. The increase was mainly attributed to performance in the Americas and a resurgence in Asia, reflecting the emergence...
Wage growth is still on the rise despite the recently cooling job market, leading some employers to turn to pay-related “perks” in order to retain workers. Bureau of Labor Statistics data published earlier this month noted that hiring has cooled from its previous breakneck pace....
Insurance group Allianz is reportedly selling its stake in neobank N26 at a steep discount. According to a report late Tuesday (April 18) by the Financial Times, sources say Allianz’s venture capital operation Allianz X has told advisors to sell the company’s roughly 5% stake...
In a curious reversal, the ongoing legalization of cannabis is akin to the repeal of alcohol prohibition of the 1920s, except in that case, the federal government lifted the ban before many states did. With cannabis, it’s the states that are rolling ahead with medical...
