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...
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...
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 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 its Ross Dress for Less and dd’s Discounts stores, which are largely focused on apparel and home goods, the company turns goods quickly by offering […]
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...
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...
