News

Retail
Is D2C a Tired Playbook? How One Beauty Brand Finds Value in Retail Distribution
September 11, 2023

In the past few years, grocery stores have significantly transformed, expanding beyond their traditional role as food suppliers. They have evolved into comprehensive shopping destinations, offering many products, including beauty and health items. This transformation has ushered in an era of unparalleled convenience for consumers,...

IPO
Instacart IPO Target Could Be Under $10 Billion
September 10, 2023

 Instacart is reportedly aiming for an initial public offering target far below its past valuation. 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...

eCommerce
Alibaba Cloud CEO Daniel Zhang Steps Down
September 10, 2023

China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. 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...

Retail
Walmart Weighs Investment in ChenMed Senior Care Clinics
September 10, 2023

Walmart is reportedly considering purchasing a majority share of primary care chain ChenMed. 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
Can Selfridges’ Play on Nostalgia Revive the Yellow Pages?
September 09, 2023

When was the last time you saw the Yellow Pages? Probably in 2019, since that was the last time it was published. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
FDIC Review Identifies Supervision Shortcomings in First Republic Bank’s Failure
September 08, 2023

The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. 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...

Artificial Intelligence
AI Safeguards to be Focus of Congressional Hearings
September 08, 2023

The U.S. Congress is reportedly taking steps to address the potential risks associated with the rapid advancement of artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
Former Google CEO Eric Schmidt Emerges as Leader on AI Policy
September 08, 2023

Eric Schmidt, the former CEO of Google, has reportedly emerged as a powerful force in the world of technology and artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

IPO
Report: Alibaba Delays Freshippo IPO Due to Weak Demand
September 08, 2023

Alibaba Group Holding has reportedly decided to delay the potential initial public offering (IPO) of its grocery chain, Freshippo, in Hong Kong due to weak sentiment for consumer stocks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...