As promotional events like Amazon Prime Days and Walmart+ Week escalate the rivalry between Walmart and Amazon, distinct consumer trends have emerged. A recent PYMNTS Intelligence Report, First Look: Walmart+ Week Draws High-Income Shoppers Looking for Deals, reveals high-income participants were 2.3 times more likely...
The Biden administration’s anti-junk-fee campaign is targeting the restaurant sector. But as CNBC reported Sunday (Aug. 25), restaurateurs are trying to avoid this fight. The report, citing data from the National Restaurant Association, said that 15% of restaurant owners added surcharges or fees to checks...
Telegram’s founder has reportedly been arrested in France as part of a cybersecurity investigation. Pavel Durov, the Russian-born billionaire behind the popular messaging app, was detained at Le Bourget airport outside Paris and taken into custody shortly after landing on a private jet late Saturday...
The head of England’s financial watchdog has reportedly been accused of violating a whistleblower’s confidentiality. Ashley Alder, chair of the Financial Conduct Authority (FCA), allegedly forwarded correspondence featuring a whistleblower’s name, address and concerns without redaction, the Financial Times (FT) reported Friday (Aug. 23). The...
As Starbucks struggles with comparable sales declines, the coffeehouse giant is evidently asking, “Maybe the Pumpkin Spice Latte will fix it?” The brand announced this week that the drink would be available Thursday (Aug. 22), marking the earliest yet return of the fan favorite, in...
Indian food delivery company Swiggy is reportedly planning to launch one of the country’s biggest initial public offerings (IPOs) of the year. The company aims to raise $1 billion to $1.2 billion at a valuation of around $15 billion, Reuters reported Friday (Aug. 23), citing unnamed sources. Swiggy said...
Returns fraud and policy abuse have surged to unprecedented levels, with U.S. merchants losing an estimated $101 billion in 2023 due to these issues. In an interview with PYMNTS, Hannah Bravo, CEO of Loop, offers a detailed analysis of these growing challenges and how businesses...
Second-quarter earnings reports for Ross Stores, TJX Companies (parent of TJ Maxx) and Target unveiled a mixed bag of results against a backdrop of economic uncertainty and ongoing supply chain disruptions. While the three retailers have carved out their respective niches, they face unique obstacles...
Perplexity AI, a billion-dollar artificial intelligence search startup, is reportedly preparing to monetize its platform through ads in the fourth quarter. The move comes as AI-powered search engines increasingly influence eCommerce, potentially reshaping how consumers discover products and businesses allocate their marketing budgets in the...
