Department Stores Continue Slide As Nordstrom Reports 22 Pct Holiday Drop

Department Stores Continue Slide As Nordstrom Reports 22 Pct Holiday Drop
Department Stores Continue Slide As Nordstrom Reports 22 Pct Holiday Drop
January 13, 2021  |  Earnings

Showing the continued struggles of retail stores in the pandemic era, Nordstrom reported a 22 percent net sales decline for the nine-week holiday period that...

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Tim Cook Will Allow Parler’s App Store Return With Compliance
Tim Cook Will Allow Parler’s App Store Return With Compliance
January 13, 2021  |  Apple

Social media app Parler can return to the App Store if it complies with Apple’s terms of service, Apple CEO Tim Cook said on CNBC’s...

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Poshmark IPO Puts Spotlight On reCommerce
Poshmark IPO Puts Spotlight On reCommerce
January 13, 2021  |  Retail

The 2021 initial public offering (IPO) season is off to a fast start for the payments and commerce business, including an expected filing next week...

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Target Doubles Holiday Digital Sales; In-Store Comps Up 4.2 Percent
Target Doubles Holiday Digital Sales; In-Store Comps Up 4.2 Percent
January 13, 2021  |  Retail

Target reported Wednesday (Jan. 13) that comparable digital sales more than doubled during the holiday period, while in-store sales also surprisingly grew despite the pandemic....

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Walgreens To Roll Out Co-Branded Cards With Mastercard, Synchrony
Walgreens To Roll Out Co-Branded Cards With Mastercard, Synchrony
January 13, 2021  |  Retail

Amid its continuing commitment to provide healthcare offerings and benefits to shoppers, Walgreens is growing its financial services offering with the help of Synchrony and...

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Visa’s Phalen: SMBs Remain Optimistic; Data Shows Digital Tools Bring New Customers
Visa’s Phalen: SMBs Remain Optimistic; Data Shows Digital Tools Bring New Customers
January 13, 2021  |  SMBs

The pandemic was a crushing blow for SMBs, with many of them pushed to the edge of survival and beyond. Still others rolled up their...

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AI Rides To Rescue Of Analog Accounting Processes
AI Rides To Rescue Of Analog Accounting Processes
January 13, 2021  |  Artificial Intelligence

The problems are analog. The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even...

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Billtrust To Make NASDAQ Debut, Trading As BTRS
Billtrust To Make NASDAQ Debut, Trading As BTRS
January 12, 2021  |  B2B Payments

Billtrust, which works in accounts receivable automation and integrated B2B payments, has completed a special purpose acquisition company (SPAC) merger with South Mountain Merger Corp.,...

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Starbucks Launches $100 Million Fund To Support SMBs
Starbucks Launches $100 Million Fund To Support SMBs
January 12, 2021  |  Investments

Starbucks announced on Tuesday (Jan. 12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods. Get...

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