Indian eCommerce retailer Snapdeal has reportedly halted its planned initial public offering (IPO). The firm filed papers for an IPO in December 2021 but changed its mind after seeing the drop in the valuations of technology companies in the stock market that has happened since then, Reuters...
Fake medical documents and fabricated “evidence” are two new schemes being deployed by ransomware groups. Krebs on Security reported Thursday (Dec. 8) that these schemes are being deployed by groups that have had trouble getting paid via other ransomware methods. In one new scam, healthcare...
In a declining market for home furnishings, RH is targeting upscale buyers. RH Chairman and CEO Gary Friedman said Thursday (Dec. 8) during a quarterly earnings call that the luxury lifestyle retailer continues to reject the discounting that is common in the industry. He said that while the company...
Amazon and Walmart are hoping new tech will make the holidays a little less difficult. While no one thought 2022’s busy season was ever going to be easy, the embrace and use of new digital processes — in stores, websites and warehouses — by the...
Pet owners are paring back on nonessentials but boosting their purchases of the basics. Online pet product supplier Chewy reported Thursday (Dec. 8) that its 14.5% year-over-year growth in net sales during the quarter ended Oct. 30 was driven by non-discretionary products like food and...
Athleisure retailer Lululemon Athletica reported earnings on Thursday with a positive look at its eCommerce expansion. The company’s results for the third quarter 2022 were mainly positive thanks to increased web traffic and in-store purchases at the start of the holiday shopping season. “Black Friday...
New government data shows digital natives are falling for some online scams more than elders. In short, engagement — not age — is the primary predictor of an online attack. According to the Consumer Protection Data Spotlight report from the Federal Trade Commission (FTC) released...
Costco’s strong membership and renewals were not enough to offset a slump in digital sales. According to Costco CFO Richard Galanti, while the retailer’s 847 stores in the U.S., Canada and a dozen other countries delivered an 8% increase in its fiscal first quarter sales,...
By any measure, instant payments and QR codes have been a phenomenal success in Brazil. Patrick Devlin, president of Brazilian FinTech Matera, told PYMNTS’ Karen Webster that his company is setting the stage for the United States to see similar traction, especially when FedNow debuts...
