THG has reportedly received a non-binding acquisition proposal from Apollo Global Management. The British online retail platform said the private equity firm has until May 15 to make a firm offer and that it is uncertain if it will do so, Seeking Alpha reported Monday...
Direct-to-consumer brands are increasingly using warehouse club stores to reach new, bargain-hungry consumers. As a report Monday (April 17) by Modern Retail noted, this trend is well-established but has become a larger part of consumer packaged goods (CPG) companies’ strategy as they look to expand nationally. Among...
Is society ready for the artificial intelligence (AI) revolution? Yes and no, according to Google’s CEO. “On one hand, I feel no because the pace at which we can think and adapt as societal institutions, compared to the pace at which the technology is evolving,...
In a bid to better align with Generation Z, Walmart has teamed up with Canadian direct-to-consumer (D2C) brand Inkbox temporary tattoos. The move marks the D2C brand’s first foray into physical stores, and the collection is expected to be exclusive to Walmart. The exclusive Inkbox...
“Deadpool” star Ryan Reynolds has a new role: investor in Canadian FinTech Nuvei. The actor and Vancouver native announced his support for the company Monday (April 17), the latest in a series of high-profile investments by Reynolds. “I know about as much about fintech as...
Only 44% of banks are offering the personalized digital banking experiences their customers demand, something that digital platforms help banks deliver by testing and learning, Michael Tischer of Associated Bank explains.
Transaction disputes are massing across digital channels. Mike Lemberger, head of risk for North America at Visa, told PYMNTS that friendly fraud, also known as first-party fraud, accounts for as much as 16% of fraud disputes, as estimated by Merchant Risk Council. With a nod...
Until fairly recently, consumers’ financial data has primarily been something to be hoarded and siloed. Rather than closing off this data, a new generation of solutions powered by connectivity may define the future of banking worldwide. After years and years of closed banking, open banking technology...
The Federal Trade Commission is warning advertisers to back up claims about their products. The FTC last week issued notices to 670 companies warning that they could face civil penalties if they make claims in their ads that cannot be substantiated. “The requirement for advertisers...