News

Retail
What’s in a Name? Overstock CEO’s $21.5M Bet on the Power of an Iconic Brand...
July 31, 2023

In March 2023, Arthur Stark, the former president of Bed Bath & Beyond (BBBY), discussed the company’s revival of its coupon strategy called the “big blue” approach. The tactic involved sending 20% discount coupons to millions of households and was an iconic part of the Bed Bath...

eCommerce
The Most Satisfied Shoppers Are Found in the UAE — How Other Countries Can Catch...
July 31, 2023

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Security & Fraud
‘Rare’ Android Malware Uses OCR to Steal User Info
July 30, 2023

Security researchers have reportedly discovered malware that steals user data via optical character recognition. 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...

Retail
Report: Shein and Temu Fight Two-Front Battle for Fast-Fashion Market
July 30, 2023

Earlier this month, Chinese fast-fashion brand Temu sued rival Shein, accusing it of “intimidation.” 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 completing...

Retail
Luxury Retailers Say Slowdown Is a Sign of ‘Normalization’
July 30, 2023

After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline.  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,...

Loyalty & Rewards
Embracing Disloyalty: Are Consumers Rewriting Rewards Programs?
July 29, 2023

With the resurgence of travel and consumers increasingly relying on credit to pursue their experiences, one might assume that brand loyalty would become more straightforward. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Report: Figure Technologies Lays Off 90 Employees and Plans IPO
July 28, 2023

Figure Technologies has reportedly laid off staff and is preparing for an initial public offering (IPO). 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,...

Artificial Intelligence
Microsoft Emphasizes Importance of GPU Supply for AI
July 28, 2023

Microsoft has told investors that the supply of graphics processing units (GPUs) is a key resource — and risk factor — for the company’s growing cloud business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Binance Fights Back Against CFTC Complaint, Claims Regulatory Overreach
July 28, 2023

Binance and its CEO, Changpeng Zhao, are reportedly fighting back against a complaint filed against the cryptocurrency exchange by the U.S. Commodity Futures Trading Commission (CFTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...