Once seen as a symbol of luxury and style, True Religion soared to fame in the early 2000s with its unique horseshoe logo and fancy stitching on back pockets. Loved by celebrities and fashion fans, it was the go-to brand for high-end denim. But after...
The 2023 holiday shopping season provided little reprieve from rising prices, and United States consumers sought ways to manage spending. This made card-linked offers especially attractive to budget-conscious shoppers. In fact, discounts and rewards were key drivers of consumer interest in and use of these...
Over the past year, the focus in retail has been delivering the value that customers seek. While many assume this means offering the lowest prices, Brunello Cucinelli, a brand recognized for its understated luxury and discreet pricing, is demonstrating that if consumers perceive value in...
The future of commerce will be “customer-centric, interconnected, frictionless and consistently exceeds expectations.” So said Walmart in a Tuesday (Jan. 9) press release describing some of its latest retail technologies that were unveiled at the CES trade show. “The way people buy and discover goods has evolved into a seamless integration...
The Digital Business Networks Alliance (DBNAlliance) has been launched as a nonprofit organization to oversee the exchange framework of the Business Payments Coalition’s E-Invoice Exchange Market Pilot. The DBNAlliance aims to eliminate the obstacles and inefficiencies associated with traditional invoicing methods, making the exchange of B2B...
The utilization of working capital solutions among Growth Corporates in North America has transcended the conventional focus solely on investment purposes. Insights detailed in the “2023-2024 Growth Corporates Working Capital Index (WCI): North America Edition” by PYMNTS Intelligence underscores this evolution, shedding light on the...
With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. The company plans to let go of about 10% of its corporate employees, it said in a Tuesday (Jan. 9) regulatory filing. That filing also reveals that Chief Operating Officer Anushka Salinas will step down Jan....
SVB Financial Group, the former parent company of Silicon Valley Bank, has made progress in its bankruptcy case by reaching a deal with key creditors. This development brings the company closer to resolving its financial challenges and potentially emerging from bankruptcy, Bloomberg reported Tuesday (Jan....
The National Bank of Oman (NBO) will leverage PayMate India SPC’s B2B payment automation solutions. By doing so, it will enable the bank’s corporate and small- to medium-sized business (SMB) clients to use their Visa Business Credit Cards for making supplier payments, the companies said in a Monday (Jan....
