News

Retail
Mugler and H&M: Why Luxury Brands Are Leaning Into Fast Fashion
May 15, 2023

The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for fear of damaging their brand image. Nevertheless, the landscape has changed as consumer attitudes towards fashion have shifted and new...

Cross-border Payments
How a 190-Year-Old UK Bank Is Reimagining Payments
May 15, 2023

Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And although technology has simplified cross-border payments over the years, Bhairav Trivedi, CEO at U.K.-based Crown Agents Bank (CAB), says not...

Retail
40% of US Retailers Say Scan-and-Go Is Essential to Keep Customers
May 14, 2023

The Wall Street Journal reported last month (April 7) on the evolution of self-checkout systems, focusing on Uniqlo’s parent company, Fast Retailing, and its introduction of radio frequency identification (RFID) technology into the process. In stores where the system is implemented, shoppers can simply drop...

International
Macron Invites Global Companies to ‘Choose France’
May 14, 2023

France’s president is due to unveil billions in investments in his country by global businesses. 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,...

Retail
Target Investors Worry About Earnings as Consumers Cut Back
May 14, 2023

As consumers cut spending, investors are reportedly worried Target’s next earnings will miss the mark. 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....

Social Commerce
New Twitter CEO’s Goal: Turning Platform to ‘Twitter 2.0’
May 14, 2023

Twitter’s new CEO says she’s excited to “transform” the social media 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...

Security & Fraud
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. 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
Will Consumers Pay $50 for Drugstore Brand Sunscreen?
May 13, 2023

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, you agree to receive marketing communications from PYMNTS and...

Investments
Salsa Raises $10 Million to Help Platforms Embed Payroll Features
May 12, 2023

Salsa has raised $10 million to help software platforms embed payroll features inside their own products. 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,...