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...
Mobile self-checkout, and specifically, scan and go, would seem a slam dunk for grocers. It has not worked out that way. All manner of retail is striving to embrace automated shopping, especially in brick-and-mortar settings. Merchants are streamlining the process of getting items into carts...
Meal kit providers are finding that many consumers prefer speedy convenience to cooking from scratch. Berlin-based multinational meal kit company HelloFresh said on a call with analysts Tuesday (March 7) discussing its fourth-quarter 2022 financial results that it is seeing non-meal-kit categories lead growth, with...
Demand for larger, more complex sets helped Lego stand out among toymakers in 2022. The Danish firm announced in its annual report Tuesday (March 7) that it “significantly” outpaced the broader toy market, venue in 2022 jumped 17% to around $9.28 billion. The company attributed...
