News

Retail
Saks Promises ‘Innovation and Growth’ After Completing Neiman Marcus Acquisition
December 24, 2024

Saks Global has completed its previously announced acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Retailers Expect Higher-Than-Usual Return Rate as eCommerce Expands
December 24, 2024

As consumers finish up their holiday shopping for this year, retailers reportedly expect to see a lot of returns in January. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
Jet.AI Launches Agentic AI Model for Selecting and Booking Private Jets
December 24, 2024

Jet.AI has launched an agentic artificial intelligence (AI) model that helps customers select and book private jets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Retail
Seasonal Jobs Shift to Fulfillment Centers as Consumers Shop Online
December 24, 2024

Seasonal jobs are reportedly shifting from retail stores to eCommerce fulfillment centers as businesses respond to consumers’ changing holiday shopping habits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
AI, Omnichannel and Social Commerce: Inside the 2024 D2C Transformation
December 24, 2024

The retail sector is witnessing changes, with direct-to-consumer (D2C) brands leading innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Gift Cards
Blackhawk Network Makes Snapchat+ Subscription Gift Cards Available at Retailers
December 23, 2024

Gift cards for a one-year subscription to Snapchat+ are now available online and in-store at select major retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Retail
Pre-Purchase Testing and Flexible Payments: Shaping the Future of Retail Transactions
December 23, 2024

As consumers rely more on online shopping, the importance of optimizing the payment process has never been more evident. With peak shopping periods like the holidays driving even higher consumer demand, retailers are focusing on pre-purchase testing and offering flexible payment options to ensure smooth...

Retail
Nordstrom Founding Family Takes Retailer Private in $6 Billion Deal
December 23, 2024

The Nordstrom family now owns the department store chain bearing their name. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Artificial Intelligence
How AI Reshaped Retail in 2024: 10 Key Developments
December 23, 2024

In 2024, artificial intelligence (AI) evolved from theory to practice in the retail industry, changing the way businesses interact with customers, manage operations and develop products. From inventory management to virtual shopping experiences, AI has become essential for retailers looking to stay ahead. Here are...