Новости за 03.03.2021

Luxury retailer Nordstrom said it posted a 20 percent decrease in fourth-quarter sales and an 82 percent decline in earnings as higher than expected merchandise markdowns, increased freight costs and COVID-related expenses crimped profits. The Seattle-based chain that operates 100 namesake department stores and 250 off-price Nordstrom Rack locations also said that its digital sales […]

Dollar Tree, the country’s second-largest operator of discount stores, said Wednesday (March 3) that it is accelerating store growth and renovations this year as it looks to boost sales and profits at its more than 15,000 locations. In announcing its fourth-quarter and full-year financial results, the Virginia-based retailer said it plans to renovate 1,250 existing […]

Target said that years of investments into its omnichannel capabilities fueled record sales and earnings for its most recent quarter and the full year. In department store retail, digital sales tempered a broader revenue decline at Kohl's. And in payment methods, the financial ecosystem that was in place when 2020 began has been replaced by one in which digital disbursements are a […]

Of all the many aspects of daily life disrupted by the pandemic, few have been as disappointing and costly as the wholesale cancellation of weddings, which are often planned and paid for more than a year in advance. Now that the vaccine rollout is progressing and infection rates are trending down, hopes are rising that […]

French pre-owned fashion platform Vestiaire Collective completed a 178 million euro (approximately $215 million) financing round. American investment firm Tiger Global Management and French luxury company Kering were among the investors, Finsmes reported. “This latest round of investment confirms the incredible trajectory of Vestiaire Collective, founded during the 2008 crisis, the model has clearly demonstrated its […]

Off-price apparel and home fashion chain Ross Stores, Inc., which has 1,585 locations in 40 states, said that fourth-quarter sales came out ahead of its forecasts, although the pandemic proved to be a headwind for traffic, according to a press release. “While our fourth-quarter sales exceeded our expectations, the upsurge of the virus resulted in lower traffic, […]

Digital rewards and loyalty provider Tango Card has teamed up with enterprise automation platform Workato to roll out RG Integrate, which lets firms connect digital gift cards with the technologies they currently utilize without the need for programmers or programming resources, according to a Tuesday (Mar. 2) announcement emailed to PYMNTS. “Many companies in this era […]

The ongoing pandemic has led to tumult in multiple areas for consumers, who are now seeking ways to smooth their cash flow and receive funds as quickly as possible. The pandemic has also indelibly altered how consumers expect to send and receive their money — shifts that are filtering into how they want to file […]

Forecasting is a critical strategy in supply chain management and risk mitigation, and while this area of expertise has become a priority for more members of the C-suite, if the last year has taught corporates anything, it’s that the only thing certain is that nothing is certain. That’s an important understanding for today’s business leaders, […]

Talk of bitcoin in the corporate treasury department continues to build, but it remains to be seen whether that talk will amount to true transformation of corporate finances — or mere, empty hype. For some organizations, the decision to dabble in cryptocurrency may turn heads, but it may not necessarily represent the dramatic overhaul in […]

There is more than one reason that a business may want to adopt a corporate card, and this week's Commercial Card Innovation Tracker looks at a few of them. From Mastercard touting its expense management capabilities to Capital on Tap zeroing in on its working capital potential, the corporate card is seeking adoption through widening […]

B2B payments have experienced dramatic disruptions during the pandemic. Buyers wrestling with newfound financial challenges and the shift to remote work are finding themselves less equipped to meet suppliers’ payment deadlines, while vendors have been less capable of enduring waits and cash flow disruptions. Suppliers are thus finding it essential to quickly collect money from […]