Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would give control to lenders and free it of costly debt, Bloomberg News reported Saturday (March 2), citing sources with knowledge of...
Among consumers who pay in installments, PYMNTS Intelligence finds, young shoppers are disproportionately ready to use these options to pay for their groceries. By the Numbers The September 2023 report “Installment Plans Becoming a Key Part of Shopper’s Toolkit,” a PYMNTS Intelligence study done in...
New York Community Bancorp (NYCB) stock plummeted Friday (March 1) amid a leadership shakeup. The almost 26% drop came as the bank also reported a loss greater than what it had stated in the past, and said it had uncovered “material weaknesses” in its internal loan...
X, ByteDance and Booking.com could be added to the European Union’s “gatekeeper” list. The European Commission (EC) made that announcement Friday (March 1) after receiving notifications from the three companies, Reuters reported. The gatekeeper list is part of Europe’s Digital Markets Act (DMA) and applies to companies that have...
Oreo is getting fancy as snack foods sprinkle in a little bit of affordable luxury to appeal to today’s belt-tightening shoppers. On Monday (March 4), the company will be launching Oreo Thins with tiramisu-flavored crème filling, according the brand’s social channels, marking a more upscale...
As direct-to-consumer (D2C) brands look to improve the digital experience to drive conversion, children’s sleepwear brand Bellabu Bear is seeing generative artificial intelligence (AI) open up new avenues to boost sales. In an interview with PYMNTS, Tamara Jarrar, the brand’s founder and CEO, said AI...
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN MoMo) wallets,...
Financial institutions are beset on all sides. The PYMNTS Intelligence report “New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments” found that more than a third of FIs think the benefits of open banking outweigh the risks. However, more than...
As digital merchants compete for consumers’ growing online grocery spending, Ocado Group said one of the biggest challenges to driving penetration across the industry is key players’ ongoing failure to deliver items accurately and on time. The British grocery technology company is part of PYMNTS’ CE 100 Index,...
