Few debates rage as fiercely today as how to protect bank customers — and how much protection they need. A trio of regulators appeared before the Senate Banking Committee on Tuesday (March 28) to discuss what went wrong at Silicon Valley Bank and Signature Bank,...
The Amazon and Walmart of pet product retailers — Chewy and Petco — know that pets are more than just animals to many people — they are companions and family members. Pet parents are more often than not willing to go to great lengths to...
Macy’s Chairman and CEO Jeff Gennette will retire in February 2024. He will be succeeded by Tony Spring, who was Macy’s executive vice president and Bloomingdale’s chairman and CEO and has now been appointed Macy’s president and CEO-elect and a member of the board of...
Discount retailer Dollar General is putting a new emphasis on beauty products. The company announced Wednesday it was unveiling “Beauty Reinvention,” a series of new store layouts in 300 stores that give shoppers an easier way to navigate its beauty and personal care items. “We...
Canadian athletic apparel company Lululemon Athletica Inc. reported impressive earnings for both the fourth quarter that ended Jan. 29 and full year 2022, indicating the demand for athletic wear has not waned. The company posted a 30% increase in net revenue for the fourth quarter,...
Tech layoffs are running rampant. With inveterate titans like Meta, Google and Microsoft laying off thousands of workers, many are beginning to wonder whether digital growth and consumers’ appetite for digital is starting to cool now that pandemic restrictions are a thing of the past....
Contextual real-time data, not Advil, is helping CFOs solve lingering spend management headaches. Flurries of payments and accompanying reports have kept chief financial officers on their toes for years. Still, Oded Zehavi, CEO at Mesh Payments, tells PYMNTS that the spend management landscape can be divided into...
Forging a 21st century commerce ecosystem on a global scale means changing consumer behavior, and merchant mindsets, particularly in markets where digital remains a small fraction of how consumers and merchants shop and pay. It’s also an enormous opportunity for PayFacs to accelerate adoption and...
Launched way back in 2014, Apple Pay was supposed to ignite contactless payments, with Apple devices as the conduit. Consumers would move beyond using the physical wallet at the point of sale — especially the physical point of sale — and juggling plastic debit and...
