As Nordstrom looks to return its full-priced banner to revenue growth, the department store chain is turning to digital technology to meet upscale shoppers’ increasing demand for convenience. The retailer announced Tuesday (Mar. 5) in its fourth quarter fiscal 2023 financial results that its premium Nordstrom banner...
Business travel, once a stalwart of corporate existence, has been taxiing on the post-COVID runway. But the strong financial results posted by American Express Global Business Travel (Amex GBT) on Tuesday (March 5) for the fourth quarter and full year ending Dec. 31 point to hopes...
Target is revamping its Target Circle program to look more like, say, an Amazon Prime or a Walmart+ — a move that comes as same-day delivery sales rise, while other channels take a hit. The retail giant announced Tuesday (March 5) alongside its fourth-quarter and full-year fiscal 2023 earnings results that it is transforming...
Digital banking/finance platform Dave says its customers are seeking extra cash. More accurately, they’re seeking ExtraCash, the company’s cash advance program, which saw disbursements jump by double digits since last year, Dave said when announcing its quarterly and year-end earnings Tuesday (March 5). The company’s most recent quarter...
As Stitch Fix takes a hit amid its ongoing transformation, the online personal styling service is using its comprehensive insights about its customers to drive loyalty going forward. The company shared in its second-quarter fiscal 2024 earnings results Monday (March 4) that net revenue was down 18% year over...
While thrifting has typically demanded consumers be open to some degree of randomness and discovery, ThredUp is using artificial intelligence search capabilities to improve the relevance and exactitude of secondhand shopping. On a call with analysts Monday (March 4) discussing the digital consignment and thrift store’s fourth-quarter...
The business-to-business (B2B) payments landscape has undergone two-plus decades of digitization and innovation. And the particularly rapid acceleration of that digitization over just the past few years has wrought significant changes — and brought numerous benefits — to the way businesses transact and move money....
Volkswagen Group expects its sales revenue growth to slow in 2024. The automaker said in a Friday (March 1) press release that it expects sales revenue to grow “up to” 5% this year after it grew 15% in 2023. Positive effects from the market launch...
NCR Voyix’s most recent results show that, in the wake of the division of NCR into two companies, demand for point-of-sale (POS) solutions in the retail and restaurant sectors remains robust. CEO David Wilkinson said on the conference call with analysts, “With the spinoff of the...
