Companies are reportedly using flexibility in accounting rules to beat analysts’ estimates at a time when business is slowing. This is being done often enough...
Earlier, PYMNTS reported that the summer of markdowns is here as Macy’s (along with Dollar General) struggled with declining consumer demand. The retailer has now...
The markdown of retail stocks Thursday (June 1) signals that the summer of markdowns is here. Macy’s financial results and a host of announcements from other...
In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven...
British neobank Monzo says it has reached profitability while reducing its annual losses. According to the bank’s annual report, Monzo reported net operating income of...
Abercrombie & Fitch has made significant strides since its days of provocative advertising campaigns that showcased young shirtless male models, turning the brand into a...
Klarna aims to lead a shift in purchases from search to recommendations. While 80% of purchases currently originate from search, shoppers are now looking for...
Among the best ways to gauge the interest in, and evolution of, new technology is to follow the money. A few data points, measured in dollars...
Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. The membership warehouse club’s comp sales rose 0.3% year over year...