Advance Auto Parts plans to close 523 corporate stores, exit 204 independently owned locations and close four distribution centers in the United States by mid-2025 as it works to boost its operational productivity. The automotive aftermarket parts provider operates 4,781 stores primarily within the United...
In a snapshot of the AI sector’s financial health, voice artificial intelligence (AI) pioneer SoundHound reported Q3 revenue of $25.1 million despite mounting losses, while Chinese education tech firm Youdao achieved its first Q3 profit of $15.3 million, and AI advertising company AiAdvertising saw 45%...
Investors sent Intellicheck shares lower by 12% Thursday morning (Nov. 14) on a slight revenue miss. However, management pointed to potential in the company’s identity verification offerings, particularly in the areas of real estate and banking (and where retail remains a core focus, although that...
On Wall Street, what goes up must go down, and vice versa. A momentous week with a seesaw of volatility in the markets could be rightly chalked up to the seismic shifts from elections Tuesday (Nov. 5). So-called “Trump trades,” assets tied to President-elect Donald...
November 08, 2024
Small- to medium-sized businesses (SMBs) that focus on online sales outperform those that rely on physical stores, according to the PYMNTS Intelligence report “SMB Growth Report: Online vs. In-Store SMBs.” The report revealed how online SMBs record higher revenue, better growth prospects and more access to financing, while in-store businesses face limitations due to cost-cutting […]
November 06, 2024
CVS Health’s third-quarter earnings results released Wednesday (Nov. 6) reflected the company’s ongoing efforts to adapt to a changing healthcare and retail environment. As it continued to overhaul its operations...
October 09, 2024
Embedded lending is all about the future of credit. As such, it has opportunities and challenges, even in developed markets like the United States. The PYMNTS Intelligence report “The Embedded...
October 07, 2024
Levi Strauss & Co. is evaluating the possible sale of its Dockers brand amid its transformation to a direct-to-consumer (D2C)-first retailer. Once a dominant name in khakis, Dockers has struggled...
November 15, 2024
Advance Auto Parts plans to close 523 corporate stores, exit 204 independently owned locations and close four distribution centers in the United States by mid-2025 as it works to boost its operational productivity. The automotive aftermarket parts provider operates 4,781 stores primarily within the United States and serves 1,125 independently owned Carquest-branded stores, it said […]
November 04, 2024
The New York Times has reportedly seen digital subscriptions slow amid weakened consumer spending. The media company added 260,000 digital-only subscribers during its third quarter, down from 300,000 in the...
November 01, 2024
Melio raised $150 million in a Series E funding round to fuel the growth of its accounts payable (AP) and accounts receivable (AR) platform by expanding its B2B partnerships. The...
October 18, 2024
Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business up 10% year...
