August 23, 2023
Construction and Utility Businesses Use Credit Twice as Much as...
Slow payments are a perennial problem for the construction industry. PYMNTS research found that delayed transactions (those in which firms wait more than 90 days to receive payments) represented 12% of construction...
August 23, 2023
As Consumers Cut Back on Discretionary Spending, Macy’s Amplifies Leaner...
Consumers are cautious these days about their spending. It’s the tale of the retail community and the real-life challenge Macy’s is currently grappling with. On Tuesday (Aug. 22), in its...
August 22, 2023
Luxury Retail’s Loyalty Programs Give Big Box Retailers an In-Store...
For success in retail, innovation can stem from — if not outright imitation — then keen observation. And applying the proven success of others to one’s own business model, with...
August 22, 2023
CFPB Targets Heights Finance for Alleged Illegal Loan Churning
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged in illegal loan-churning practices. The...
August 22, 2023
Generative AI Helps Auto-Complete Commercial Transactions
The B2B ecosystem is mired in legacy and often interpersonal, relationship-based processes. At the same time, commercial buying and selling has become increasingly complex and fragmented. That’s where generative artificial...
August 22, 2023
Etsy Inches Toward Diversified Offerings to Get Consumers to Spend
When you think of Etsy, what comes to mind? Probably arts and crafts and unique finds, right? This is a perception that Etsy has been grappling with lately as it...
August 22, 2023
Everyday Retail Is Taking a Page From Luxury’s Playbook to...
The luxury retail market is an economic powerhouse, valued at $272 billion in 2022 and an expected value of $392 billion by 2030. This diverse segment traditionally includes apparel, footwear,...
August 21, 2023
Wow Bao CEO Taps Grocery to Spread Brand Familiarity
As many restaurant chains move into grocery aisles amid consumers’ shift toward food at home, Asian street food chain Wow Bao is leveraging consumer packaged goods (CPG) to not only open up a...
August 21, 2023
Credit Unions Can Be the Online ‘Influencers’ Guiding Younger Consumers...
PSCU Chief Growth Officer Brian Scott told PYMNTS that younger generations are more challenged than their older peers. “They just have not had the same amount of time to create a savings ‘pool’...
