A New Low-Tech Gift Card Scam, Plus JC Penney Courts Big And Tall Shoppers And $14.8B Isn't Enough For GGP.
 
 
 
 
 
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December 11, 2017
 
 
 
 
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The Increasingly Global Luxury Game
 
Why would Moda Operandi bring in $165 million in new funding when, according to its CEO Deborah Nicodemus, it really didn't need it and was well on track to profitability without it? In two words: growth and upgrades. Moda Operandi is an up-and-comer in a luxury eTail field dominated by two other (massive) players. But Moda is the only one that lets its users buy directly from the runway with no wait — and it's users are younger, richer and more willing to spend on more things than those of its competitors. So, is luxury retail about to have three big brands competing for dominance?
 
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  Breaking News
 
 
 
Hyperwallet CEO On Supporting Payments For Amazon Sellers — Down Under
 

Amazon has established a local presence in Australia, which will make it easier and cheaper for its highly mobile population to shop with the global eCommerce giant. However, the company’s promise to offer customers choice, speed and the best price can only be met if suppliers want to sell on the platform, and can be paid easily, sans exorbitant cross-border fees. Hyperwallet CEO Brent Warrington tells Karen Webster how he and his team are working with Amazon to close this critical gap for Amazon Australia.  Read More...

 
  PYMNTS Data Dive
 
 
 
The Data Dive, A Christmas Carol Edition: Bills, Bitcoin And Banks
 

Fans of Charles Dickens' A Christmas Carol may have gotten something of a kick watching the payments and commerce ecosystem last week, as the Ghosts of Past, Present and Future all made appearances. Granted, they were not Christmas spirits — instead representing the ghosts of breaches, crashes and hacks that have been, are currently going on and will likely occur in the future. They were certainly eye-catching, though, and perhaps enough to make some of us change our ways.  Read More...

 
 

PYMNTS Omni Usage Report™

 
 
 
NEW REPORT: Bots Inside Of Messaging Apps Target Customer Service, Not Sales
 

When online lingerie seller Adore Me’s 11 million customers have questions, Nicolas Capuono, vice president of customer relationships, says they turn to AI and bots for help. In the latest PYMNTS Omni Usage Report, a Vantiv collaboration, Capuono explains why Adore Me is using Facebook Messenger and friendly AI-powered bots to service its customers. Find that, data on customer behavior at grocery stores, the latest headlines and rankings of 103 players, inside.  Read More...

 
  What's Hot Today in Retail
 
 
- A New Gift Card Hack For The Holidays
 
- JC Penney Brings Big Boys Subscription Boxes
 
- GGP Malls Passes On Brookfield's $14.8B Offer
 
- Apple To Acquire Shazam
 
- Starbucks, Whole Foods Face Pushback From Landlords Over Closed Stores
 
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