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View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

UAE Fund Pumps $1.2B Into Jio Platforms, India’s Telecom Giant

UAE Fund Pumps $1.2B Into Jio Platforms, India’s Telecom Giant
UAE Fund Pumps $1.2B Into Jio Platforms, India’s Telecom Giant
June 05, 2020  |  Investments

Mubadala Investment Co., an investment arm of the government of Abu Dhabi in the United Arab Emirates (UAE), is investing $1.2 billion in Jio Platforms, the Indian telecommunications firm,...

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New Study Shows Retailers Are Stepping Up For Safety
New Study Shows Retailers Are Stepping Up For Safety
June 05, 2020  |  Retail

With the most recent COVID-19 studies from PYMNTS reinforcing the need for health and safety in the retail world, some retailers are stepping up to...

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Offline Shopping: Three Categories To Watch
Offline Shopping: Three Categories To Watch
June 05, 2020  |  Retail

The numbers are in. The latest in the PYMNTS COVID-19 series that quantifies the effects of the pandemic shows not only a deepening digital shift,...

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The Pandemic’s Impact On Shopping Habits And Gaming
The Pandemic’s Impact On Shopping Habits And Gaming
June 05, 2020  |  Today In Data

Most consumers don’t have any plans of reverting to their pre-pandemic shopping habits, even as portions of the U.S. economy continue to reopen. They are still...

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Saving Main Street: Running Retailers Take The Baton
Saving Main Street: Running Retailers Take The Baton
June 05, 2020  |  Retail

Terry Schalow is the executive director of the Running Industry Association (RIA). In addition to working toward its general mission of moving the sport and...

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Gap Inc Q1 eCommerce Sales Rise 13 Pct
Gap Inc Q1 eCommerce Sales Rise 13 Pct
June 05, 2020  |  Retail

With pandemic-related store closures driving a 43 percent year-over-year decline in sales, Gap Inc. reported a 13 percent year-over-year rise in Q1 eCommerce sales and...

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JCPenney To Shutter 154 Stores, Start Closing Sales
JCPenney To Shutter 154 Stores, Start Closing Sales
June 05, 2020  |  Retail

JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as...

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Debit Leads Payments Preference Parade
Debit Leads Payments Preference Parade
June 05, 2020  |  Next-Gen Debit

In disasters of the recent past there has been a marked shift away from credit toward debit. Households and even small and medium-sized businesses (SMBs)...

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Surprise: US Jobless Rate Falls To 13.3 Pct
Surprise: US Jobless Rate Falls To 13.3 Pct
June 05, 2020  |  Economy

In a surprising jobless report, the nation’s unemployment rate fell to 13.3 percent in May as some jobs returned amid a partial reopening of the...

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