News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Delivery Hero Acquires Online Grocer InstaShop As Revenues Surge
Delivery Hero Acquires Online Grocer InstaShop As Revenues Surge
August 27, 2020  |  Partnerships / Acquisitions

Berlin-based Delivery Hero has acquired all the outstanding shares of InstaShop in a deal estimated at $360 million. “The initial purchase price amounts to approximately...

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The Big Tech Tracker: Facebook Battles Apple
The Big Tech Tracker: Facebook Battles Apple
August 27, 2020  |  Retail

The “big four” tech companies aren’t exactly playing nice with each other this week – and some of the issues they’re contesting will affect retailers....

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New Amazon Halo Squares Off Against Apple Watch In Wearables Market
New Amazon Halo Squares Off Against Apple Watch In Wearables Market
August 27, 2020  |  Retail

Amazon squared off against Apple on Thursday (Aug. 27) in dramatic fashion. The marketplace powerhouse entered the wearables market with a wristband device that tracks...

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Auto Parts Sales Take Digital Ride With Used Cars
Auto Parts Sales Take Digital Ride With Used Cars
August 27, 2020  |  Retail

As the economy continues to show the fits and starts of an uneven recovery, it’s no surprise that new car sales are down and used...

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Serving Microbusinesses, Gen Z Consumers With Innovative Approaches 
Serving Microbusinesses, Gen Z Consumers With Innovative Approaches 
August 27, 2020  |  Today In Data

Credit unions (CUs) have been particularly invested in helping microbusinesses, with a sizable share of them intending to launch innovations geared toward these companies within the...

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1-800-Flowers.com Reports Record Sales In Q4 And For The Year
1-800-Flowers.com Reports Record Sales In Q4 And For The Year
August 27, 2020  |  Earnings

The COVID-19 pandemic may have spurred Americans to purchase flowers for ailing friends and family. One of the country’s largest online flower distributors, 1-800-Flowers.Com, reported...

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Foot Locker Opens California ‘Power Store’
Foot Locker Opens California ‘Power Store’
August 27, 2020  |  Retail

Bucking the trend away from brick and mortar stores, Foot Locker Inc. opened what it calls a “Power Store” in Compton, California Thursday (Aug. 27)....

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U.S. Jobless Claims Exceed 1M Again, Number Down From Previous Week
U.S. Jobless Claims Exceed 1M Again, Number Down From Previous Week
August 27, 2020  |  Economy

The number of Americans who filed for jobless claims exceeded 1 million last week, but it was down slightly compared to the previous week, the...

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Three Emerging Trends Defining Multichannel Commerce
Three Emerging Trends Defining Multichannel Commerce
August 27, 2020  |  Omnicommerce

Gone are the simpler times of retailing and paying for purchases. Ready or not, it’s now a post-pandemic multichannel world, and businesses either have the...

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