Increased consumer spending has helped China’s economy rebound following its lengthy COVID lockdown. Figures from the country’s National Bureau of Statistics released Tuesday (April 18) showed China’s economy growing 4.5% during the first three months of the year. Helping drive this growth was an increase...
Tupperware, founded in 1946 by Earl Tupper, was once recognized for revolutionizing the way people stored and preserved their food. But it was also recognized for how it marketed its products to consumers, becoming one of the most notable direct-to-consumer (D2C) brands of its time....
New Yorkers are updating their wardrobes as they return to working in the office. Custom suiting sales are picking up as these workers seek to adapt their attire to the evolving workplace, project a professional image and display their own personality and individual style, Balani...
Drop the Walls is proving that what was once old is new again as the U.S.-based fashion retailer revealed to have crossed over $25 million in sales from livestreaming alone. Last month, PYMNTS discussed how the concept of live, televised shopping was initially pioneered by...
Germany’s Mytheresa is reportedly hoping to court shoppers in China’s busy luxury space. CEO Michael Kliger said the upscale eCommerce company will begin employing personal shoppers and staging in-person events as it tries to carve a space in a marketplace ruled by companies like Alibaba,...
Fears of a recession are stressing consumers and complicating banks’ efforts to deliver winning customer service. More than eight in 10 bank executives, for example, reported that their banks increased their technology budgets over the previous year, with a substantial 63% implementing or upgrading payments...
When it comes to artificial intelligence (AI)-driven credit decision-making, Chirag Shah, founder and CEO at U.K. FinTech lender Nucleus Commercial Finance, is of the view that it’s all about data. “Most lenders right now have gathered substantial amounts of data in a form that can...
David’s Bridal, a privately owned specialty retailer, will be forced to close all of its stores unless it finds a buyer to continue operating the bridal chain. Despite its efforts to find a buyer, the company was forced to file for bankruptcy. According to a...
A proposed consent decree will prohibit Nexway from providing credit card laundering for tech support scammers. The Federal Trade Commission (FTC) has filed proposed consent decrees in which the multinational payment processing company and its subsidiaries, an associated company, and two of its executives have...
