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Regulators Eyeing Social Media In Europe

PYMNTS

Against the backdrop of social media controversy — remember Facebook , of course, and 87 million users’ data exposed to Cambridge Analytica — oversight is tightening in Europe. In company-specific news here in the U.S.,

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Amazon Takes Aim at Counterfeiters, Collaborators In Federal Lawsuit

PYMNTS

Luxury product rip-off artists and their social media accomplices beware: Amazon is coming after you. This was accompanied by the text “Order this/Get this,” with the “order this” referring to the generic product and the “get this” referring to the luxury counterfeit. Amazon on Thursday (Nov. Amazon on Thursday (Nov.

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Slight Uptick Reported In Retail Rent Payments

PYMNTS

Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. percent of retail rent was collected, compared to 48.9

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Report: Instagram A Strong Driver Of Fashion Purchases

PYMNTS

Although it’s no secret that social media platforms such as Snapchat , Facebook and Instagram have a strong affect on fashion trends, it may be surprising to see just how robust that impact actually is. How Does This Trend Shape Retail? Capturing Gen Z.

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Tim Armstrong: Nike’s Departure From Amazon Could Lead To DTC ‘Megatrend’

PYMNTS

The direct-to-consumer movement will be the replacement for the retail issues and commerce issues that are going on because of the platforms,” said Armstrong, who founded a DTC company with the aim of changing how people shop online. On Friday (Nov. Armstrong is the former CEO of AOL and used to run Google ads.

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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. hours per day on social media. Sofi has built strong engagement through its Richer Lives social media strategy and influencer Vivian, “your rich BFF.”

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Nike Sues More Than 1,000 Websites And Other Parties Over Alleged Counterfeiting 

PYMNTS

Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse shoes online. Nike wrote in a lawsuit filed in the U.S.