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Pandemic Continues To Dull Allure Of Luxury Goods

Pandemic Continues To Dull Allure Of Luxury Goods
Pandemic Continues To Dull Allure Of Luxury Goods
July 01, 2020  |  Retail

COVID-19 continues to take the shine off luxury goods. Despite some signs of improvement this month, LVMH, the world’s biggest luxury goods group, admitted that...

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Fitness Platforms Expand Offerings As Consumers Work From Home
Fitness Platforms Expand Offerings As Consumers Work From Home
July 01, 2020  |  Today In Data

Fitness and wellness platforms are expanding their offerings as Americans continue working from their residences and gym facilities have limited operations because of the pandemic. Gympass’...

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Walgreens Adds To Digital 3.0 Momentum
Walgreens Adds To Digital 3.0 Momentum
July 01, 2020  |  Retail

The digital shift at retail continued its momentum this week as Walgreens and Lululemon both made significant moves to embrace the online consumer experience. Get...

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Macy’s Takes $3.1B Charge As Pandemic Dampens Outlook
Macy’s Takes $3.1B Charge As Pandemic Dampens Outlook
July 01, 2020  |  Retail

Macy’s Inc. recognized a $3.1 billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus...

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Police Raid Wirecard’s Offices In Two Countries
Police Raid Wirecard’s Offices In Two Countries
July 01, 2020  |  Security & Fraud

A team of investigators raided Wirecard AG’s offices in two countries as part of the probe into the 1.9 billion euros ($2.1 billion) that went...

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ADP Report Shows US Added Nearly 2.4M Private-Sector Jobs in June
ADP Report Shows US Added Nearly 2.4M Private-Sector Jobs in June
July 01, 2020  |  Economy

It’s not exactly “Happy Days Are Here Again,” but private sector employment increased by nearly 2.4 million jobs from May to June, according to the...

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Iconic British Retailer John Lewis To Shutter Stores Amid Pandemic
Iconic British Retailer John Lewis To Shutter Stores Amid Pandemic
July 01, 2020  |  Retail

As department stores suffer amid the COVID-19 health crisis, John Lewis is set to shutter many locations, and Harrods is eliminating 700 positions. John Lewis...

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Cloud Banking Gives Legacy Systems A Lift
Cloud Banking Gives Legacy Systems A Lift
July 01, 2020  |  Cloud Banking

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent...

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Aggregators Eat Well In Latest Mobile App Provider Ranking
Aggregators Eat Well In Latest Mobile App Provider Ranking
July 01, 2020  |  Aggregators

It’s a weird year all around, and that certainly applies to the world of mobile apps for order aggregators. PYMNTS’ latest Provider Ranking of Mobile...

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