News

Retail
Nike’s Share of Direct Sales Hits $21.3 Billion, a 14% increase in FY 2023
June 29, 2023

While Nike may have rekindled its relationships with wholesale partners Macy’s and DSW, the apparel and footwear giant isn’t looking to go full throttle on wholesale, unless consumers want it. Well, maybe. Let’s dig into that.  Get the Full Story Complete the form to unlock...

Security & Fraud
Unit21 Raises $45 Million to Grow Fintech Fraud DAO Consortium
June 29, 2023

Unit21 has raised $45 million in a Series C round to grow the Fintech Fraud DAO consortium. 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...

Security & Fraud
CFTC Forms Task Forces Focused on Technology and Environmental Fraud
June 29, 2023

The Commodity Futures Trading Commission (CFTC) will be taking a closer look at cybersecurity, emerging technology and environmental fraud. 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
Rite Aid Rides Ozempic Wave but Fails to Profit  
June 29, 2023

During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Shein Denies Report of Confidential Registration for IPO in US
June 29, 2023

Shein has denied a media report that it has registered for an initial public offering (IPO) in New York. 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...

B2B Payments
Skyscend Capital and Encore Funding Launch Supply Chain Financing Offer
June 29, 2023

Skyscend Capital and Encore Funding have partnered to offer supply chain financing. 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...

Regulation
How AI Regulation Could Shape Three Digital Empires
June 29, 2023

Artificial intelligence (AI) offers a new tool to genuinely help advance human learning and thought. 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,...

B2B Payments
Zip Adds Virtual Cards to Intake-to-Procure Platform
June 29, 2023

Zip has added virtual cards to its intake-to-procure platform. 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 this form,...

B2B Payments
Aria Expands B2B Deferred Payment Infrastructure to UK
June 29, 2023

French FinTech Aria has expanded its B2B deferred payment infrastructure to the United Kingdom. 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...