The banking industry’s net interest margin increased in the third quarter as the increase in loan yields exceeded the increase in the cost of deposits for the first time since the second quarter of 2023. “As a result, the industry’s net interest margin increased 7...
Dick’s Sporting Goods’ third-quarter 2024 earnings results exceeded analyst expectations and demonstrated continued momentum as the back-to-school season transitioned into the holiday shopping period. During an earnings call Tuesday (Nov. 26), executives credited strategic initiatives, strong team execution and an omnichannel approach for the company’s...
Ross Stores aims to draw customers and drive sales by offering value and a “treasure hunt environment,” executives said Thursday (Nov. 21) during the off-price retailer’s quarterly earnings call. At its Ross Dress for Less and dd’s Discounts stores, which are largely focused on apparel...
Consumers in the United States have shown resilience while prioritizing speed and convenience, according to Walmart’s third-quarter earnings call Tuesday (Nov. 19). The retail giant reported a 5.5% increase in consolidated revenue for the third quarter of fiscal year 2025, reaching $169.6 billion — fueled...
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...
December 18, 2024
Instagram will soon make up half of parent company Meta’s advertising revenues in the United States. The photo-and-video-sharing app will exceed $32 billion in U.S. ad revenue next year, Bloomberg reported Wednesday (Dec. 18), citing data from Emarketer. That’s a 24% increase from this year. Meta’s emphasis on video content has been a key driver […]
December 12, 2024
The banking industry’s net interest margin increased in the third quarter as the increase in loan yields exceeded the increase in the cost of deposits for the first time since...
November 22, 2024
Ross Stores aims to draw customers and drive sales by offering value and a “treasure hunt environment,” executives said Thursday (Nov. 21) during the off-price retailer’s quarterly earnings call. At...
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...
