News

Social Commerce
Community.com, Artifact and Substack Creating Next-Gen Social Platforms Around Text
April 25, 2023

Rising next-gen social engagement platforms are not on the metaverse or Web3 but rather simplified and streamlined text-based apps that draw together like-minded users and drive commerce through true interest and engagement, relying less on algorithmic feeds. Among those leading the way is Community.com, the social...

Retail
Beyond Yoga to Open 4th Store May 11
April 25, 2023

Beyond Yoga has opened its third brick-and-mortar location and will open a fourth on May 11. The athleisure brand’s new store at Westfield Century City in Los Angeles features its women’s, maternity, extended sizing and men’s collections, Beyond Yoga said in a Saturday (April 22)...

Retail
How Brands Are Collaborating With Experts, Influencers and Nonprofits to Connect With Consumers 
April 25, 2023

To achieve relevancy with consumers, brands must exhibit authenticity and a clear mission, although what this looks like can vary from brand to brand. For example, Elie Seidman, former CEO of Tinder and current interim CEO of Fast Growing Trees, explained in a recent interview...

Retail
Authentic Brands Group Strengthens Luxury Position With Acquisition of Vince 
April 25, 2023

Authentic Brands Group (ABG) is looking to strengthen its position in the luxury market with another acquisition. The group has entered into a deal with the understated luxury brand from California, Vince Holding Corp., to acquire the intellectual property of the Vince brand.  Per the...

Retail
Party City Shutters Stores and Plans to Go Private
April 25, 2023

Bankrupt party supply retailer Party City is closing more stores as it prepares to go private. The company last week shuttered nine stores in five different states and will auction the locations off later this week, according to A&G Real Estate Partners, its real estate...

Retail
Klarna Unveils AI-Powered Shopping Feed
April 25, 2023

Klarna has debuted a personalized shopping feed powered by artificial intelligence (AI). The new tool, announced Tuesday (April 25), is part of a suite of new products for shoppers, creators and retailers from the Swedish payments company, and the latest example of AI’s prevalence in...

eCommerce
Why Türkiye Is a Prime Opportunity for eCommerce
April 25, 2023

With eCommerce growth eclipsing that of Europe or the U.S., Türkiye offers a prime opportunity for global sellers, but new regulation will change how eCommerce business is done, Worldline’s Michael Bilotta and Roman Tazetdinov explain.

eCommerce
PYMNTS Intelligence: What Foreign Merchants Need to Know About Doing Business in Türkiye
April 25, 2023

Türkiye represents an enticing opportunity for foreign merchants, especially as eCommerce quickly gains popularity in the region. Never before has it been easier to gain an entirely new customer base from anywhere in the world, as the need for brick-and-mortar stores and warehouses in the country has been dramatically reduced...

Security & Fraud
What Experts Say It Takes to Stem the $49 Billion Rising Tide of Card-Not-Present Fraud
April 25, 2023

The physicality of face-to-face commerce has put a huge dent in fraud. Or at least some types of fraud. EMV chips have made it hard to clone cards. Chip, PIN and signature combinations have also been instrumental in keeping fraudsters at bay. Entersekt Co-founder and...