It’s an off-price retailer’s market. While large department stores ranging from Nordstrom to Kohl’s are struggling to find their footing, off-price retailers such as Burlington Stores are finding an opportunity to shine. PYMNTS research shows that nearly 70% of retail consumers expect significant price increases...
Berlin-based, female-led venture capital firm La Famiglia has raised $264 million. The company announced the funding Wednesday (March 8) on its LinkedIn page, saying it would be used to fund B2B tech firms in Europe and the United States. “Our growth co-investment fund allows us...
Mashreq and i2c have partnered to offer digital payment solutions in the United Arab Emirates (UAE). With this collaboration, Mashreq, a leading financial institution in the region, will leverage i2c’s software-as-a-service (SaaS) payment and banking solutions to provide new products to consumers, merchants and FinTechs, the companies said...
To boost membership and consumer spending beyond groceries, Walmart’s subsidizing at least some of the cost of its memberships. To that end, and as detailed in emails seen by PYMNTS promoting the chance to “save on Spring shopping,” American Express Platinum Card holders can get...
As major brands raise wholesale prices, retailers are seizing on the private label opportunity. On a call with analysts Wednesday (March 8) discussing its third-quarter FY2023 financial results, Casey’s, the third-largest convenience store chain in the nation, said confectionery giants’ recent price increases have left...
The New York State Department of Financial Services (DFS) secured $157.4 million in 2022. That total includes $124.5 million recovered for consumers and healthcare providers who filed complaints against insurance and non-mortgage-related banking providers, as well as $32.9 million in restitution and penalties collected from...
America’s consumer protection watchdog says an examination has uncovered illegal fees in several industries. The Consumer Financial Protection Bureau (CFPB) announced Wednesday (March 8) that its recent Supervisory Highlights report found “unlawful junk fees” in auto loan, student loan and mortgage servicing, payday lending and...
Struggling crypto-friendly bank Silvergate Capital is reportedly working with U.S. regulators to stay in business. Officials from the Federal Deposit Insurance Corporation (FDIC) have been in discussions with the California-based bank’s management, Bloomberg News reported Tuesday (March 7), citing unnamed sources. PYMNTS reached out to...
Consensus has raised $110 million from Sumeru Equity Partners to grow its intelligent demo automation platform. The platform helps B2B sellers produce, distribute and track the progress of interactive video demos. These demos provide the digital-first approach preferred by today’s B2B buyers, Consensus said in...
