Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is now seeking investors in an attempt to avoid bankruptcy, Bloomberg reported Wednesday (Aug. 28), citing unnamed sources. No final decision has been made on any
Recently, Bally has transformed its international development strategy and reimagined its creative direction. Credit: Shutterstock. Regent, which has invested in apparel and retail brands including La Senza, says over the past 170 years, Bally has grown to become one of the world’s greatest luxury brands. “Michael Reinstein, founder and chairman of Regent said: “Its legacy,
Russians enjoying all-time high real disposable incomes have gone on a shopping spree, buying more cars and eating out more often. In July, 133,000 car loans worth RUB197bn were issued in Russia, surpassing the record set in the boom years of the noughties. The volume of loans was up by 57% compared to July 2023,
The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
LONDON — Selfridges could finally be getting a boost after its minority shareholder Rene Benko’s troubled Signa property filed for insolvency following the collapse of the holding company in November 2023. Saudi Arabia’s Public Investment Fund, which already has a 10 percent stake in the Selfridges properties, is offering a cash price of 1 million British pounds for
If one picture is worth a thousand words, then your recent front page picture says it all. It barely makes the plural of the caption of “Passengers disembark…,” as there are only two getting off the Baltimore light rail car, and a look into the windows of the car shows empty seats. Nobody is on
Wind the clock back just a few years, and online transactions were a disjointed experience. After filling a cart at a merchant’s site, upon checking out a user would be directed to another website to enter the same payment details. Cart abandonment inevitably followed. Enter embedded payments. As Jim Colassano, senior vice president, RTP, product
It’s a challenging time at retail — both online and in-store. Merchants are grappling with a volatile economy and the fact that consumers, in at least some cases, are reining in their spending. Max Rieck, CFO at Versatile Credit; Chris Guido, head of TD Owned Brands, Sponsorships and Emerging Opportunities for TD Retail Card Services;
Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm during checkout. This is one of several new features that will be added to Apple Pay in the fall, Apple said in a Tuesday (June 11) press release. “Apple Pay introduces even more flexibility
Over the years, PYMNTS Intelligence research reveals, fewer and fewer consumers find themselves with savings enough to fall back on, and they are adjusting their spending habits accordingly. By the Numbers “The Nonessential Spending Deep Dive Edition” of PYMNTS Intelligence’s New Reality Check: The Paycheck-To-Paycheck Report tracked consumers’ financial lifestyles from year to year. As