BJ’s Wholesale Club Announces Opening Date for its First Club Location in Tennessee

BJ’s Wholesale Club Announces Opening Date for its First Club Location in Tennessee

The brand-new club in La Vergne opens on Wednesday, June 14, marking the retailer’s first location in the state of Tennessee

MARLBOROUGH, Mass. & LA VERGNE, Tenn.–(BUSINESS WIRE)–BJ’s Wholesale Club (NYSE: BJ) (“BJ’s”), a leading operator of membership warehouse clubs, announced today that its newest club in La Vergne, Tennessee will open on Wednesday, June 14, 2023. The club, conveniently located twenty miles outside of downtown Nashville at 543 Industrial Boulevard, marks the first BJ’s Wholesale Club in the state of Tennessee. The retailer will now have a total of 238 U.S. clubs, expanding the company’s footprint to its 19th state.

The new club has a BJ’s Gas location on-site, offering members everyday low fuel prices, with the opportunity to earn extra savings through BJ’s Fuel Saver Program. The La Vergne BJ’s Gas station opens on Friday, June 2, 2023, and offers regular, premium, and diesel fuels.

“We can’t wait to open our doors to the La Vergne community at BJ’s brand-new club,” said Christopher Kelly, Club Manager of La Vergne’s BJ’s Wholesale Club. “We’re thrilled to be a part of this momentous occasion as BJ’s Wholesale Club expands into the state of Tennessee, bringing the unbeatable value and incredible savings to our newest members in Rutherford County. Our entire team is extremely proud to have this remarkable opportunity and impact the communities where we work and live in a positive way.”

At BJ’s, members can choose from a variety of convenient shopping options like in-club shopping, curbside pickup, in-club pickup, same-day delivery and standard delivery from BJs.com. When shopping in-club, members will have access to ExpressPay through the BJ’s mobile app, a service that allows shoppers to scan products as they go and avoid the checkout line at the end of each trip.

BJ’s helps members save time and money by offering incredible savings and unbeatable value on everything they need in a convenient one-stop shop, including a vast selection of fresh foods, produce, a full-service deli, household essentials, pet supplies, various exclusive offerings and much more. The club will also delight shoppers with the treasure-hunt experience that BJ’s members know and love with an assortment of seasonal items, home décor, fashion for the family, toys, hot tech and a selection of local products.

BJ’s is offering a limited-time founding member offer for local shoppers interested in joining the club now through Thursday, June 15, 2023. Shoppers can sign up for The Club Card Membership for one year at $55* and get a $40 welcome reward** plus, $50 in coupons. Shoppers can also choose to sign up for The Club+ Card Membership for one year at $110* and get a $80 welcome reward** plus, $50 in coupons. The Club+ Card Membership holders earn 2% cash back on most BJ’s purchases‡‡.

Local shoppers interested in learning more about BJ’s Wholesale Club and signing up for a membership can visit BJs.com/LaVergne or sign up in person at the membership center located at 543 Industrial Boulevard in La Vergne.

BJ’s members can always expect:

  • Unbeatable savings: Members can save up to 25% off grocery store prices every day on everything they need for weekly shopping.
  • Risk-free: Shoppers can try BJ’s risk-free with the company’s 100% money-back guaranteed membership.
  • Save even more: BJ’s is the only warehouse club that accepts manufacturers’ coupons. Plus, members can stack savings using BJ’s coupons on top of manufacturers’ coupons.
  • Choose the way you shop: Members can shop online at BJs.com and choose free curbside pickup or have it delivered with same-day grocery delivery*** or ship-to-home.

BJ’s Charitable Foundation is proud to support the local community through its partnership with the Second Harvest Food Bank of Middle Tennessee. This summer, BJ’s Charitable Foundation is supporting Second Harvest’s Hunger Free Summer initiative, a program that raises awareness of hunger within the community and provides healthy meals to youth who are facing food insecurity as school cafeterias close for the summer months.

“We are grateful for the support from BJ’s Wholesale Club,” said Nancy Keil, President and CEO of Second Harvest Food Bank of Middle Tennessee. “As we enter the summer months, many children, who rely on schools for healthy and nutritious meals, may lose access to these services. Food insecurity is a real concern to children and families in Middle and West Tennessee, and the generosity of BJ’s Wholesale Club will help us feed thousands of children who otherwise would not receive essential meals this summer.”

In addition, BJ’s Wholesale Club is partnering with Second Harvest Food Bank of Middle Tennessee through its Feeding Communities program. The program is a year-round food rescue partnership where the company donates unsold food to Feeding America member food banks in its footprint, helping to provide wholesome food to local families in need.

All BJ’s memberships are subject to BJ’s current membership terms, ask in-club or go to BJs.com/terms.

*Offer is valid at the La Vergne, TN, membership center and online at BJs.com/LaVergne only, may not be combined with other offers, not redeemable for cash, nontransferable and only good for new members. Plus, sales tax where applicable. Offer is contingent upon your enrolling in BJ’s Easy Renewal®, and you authorize BJ’s to charge the debit/credit card first used at BJ’s after accepting this offer, an annual recurring charge in the amount of the then-current membership fee for all active memberships on your account, plus tax where applicable, on the first day of the month your membership expires. Expires: 6/15/23.

**A $40 welcome reward (for new The Club Card members) or an $80 welcome reward (for new The Club+ Card members) will be added to the primary membership account 24 hours after enrollment to be used within 60 days from the date of club opening. Redeemable in-club, in the BJ’s mobile app and on BJs.com. If not redeemed, welcome reward will no longer be available.

Coupons will be mailed prior to club opening.

‡‡The Club+ Card members earn 2% back in rewards on eligible purchases of goods and services in-club at BJ’s front-end registers, on BJs.com, or in the BJ’s app (minus any redeemed rewards, returns, refunds, or credit adjustments) when they scan their membership card for these purchases, unless the primary member or the member making the purchase is a cardholder in the BJ’s One Mastercard® program, in which case the member will only earn rewards in accordance with the BJ’s One Mastercard® program rewards terms (see BJs.com/bjsoneterms). Rewards earned may not exceed $500 in any 12-month period.

Eligible purchases exclude shipping, sales tax, bottle deposits, alcoholic beverages, cigarettes and tobacco-related products, lottery tickets, gift cards, propane, BJ’s Gas®, online optical purchases, membership fees and add-ons, warranties and protection plans, BJ’s services provided by third parties (e.g., BJ’s Travel®), and BJ’s B2B and BJ’s Global Sales transactions. See BJs.com/terms for information on excluded services. The rewards program is provided by BJ’s Wholesale Club, Inc. and its terms may change at any time. For full rewards terms and conditions, please see BJs.com/terms.

***BJ’s Same-Day Delivery is not available in all ZIP codes. Log in to your account to confirm availability.

About BJ’s Wholesale Club Holdings, Inc.

Headquartered in Marlborough, Massachusetts, BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs primarily in the Eastern United States focused on delivering significant value to its members. The Company provides a curated assortment of grocery, general merchandise, gasoline, and ancillary services to offer a differentiated shopping experience that is further enhanced by its omnichannel capabilities. The Company pioneered the warehouse club model in New England in 1984 and currently operates 237 clubs and 168 BJ’s Gas® locations in 18 states. For more information, please visit us at or on Facebook, Twitter or Instagram.

About Second Harvest Food Bank of Middle Tennessee

For more than 40 years, Second Harvest Food Bank of Middle Tennessee has followed its mission to provide food to people facing hunger and work to advance hunger solutions. As a 501(c)(3) nonprofit, Second Harvest distributes food and other products to approximately 450 nonprofit partner agencies in 46 Middle and West Tennessee counties. Our partners include food pantries, soup kitchens, shelters, childcare facilities, senior centers, group homes, and youth enrichment programs. For more information about Second Harvest Food Bank of Middle Tennessee, its mission, and programs, please visit secondharvestmidtn.org.

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Peter Frangie

Vice President, Corporate Communications

[email protected]

Briana Keene

Sr. Manager, External Communications

[email protected]

KEYWORDS: United States North America Tennessee Massachusetts

INDUSTRY KEYWORDS: Other Retail Online Retail Office Products Discount/Variety Supermarket Specialty Delivery Services Food/Beverage Fashion Organic Food Retail Footwear Home Goods

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Nextdoor celebrates businesses loved by locals with 7th annual Neighborhood Faves awards

Nextdoor celebrates businesses loved by locals with 7th annual Neighborhood Faves awards

New product updates make local businesses more discoverable on the neighborhood network; 79% of neighbors want to support businesses named Nextdoor Neighborhood Faves

SAN FRANCISCO–(BUSINESS WIRE)–
Nextdoor (NYSE: KIND), the neighborhood network, today announced its 7th annual Neighborhood Faves awards, the annual awards where Nextdoor neighbors vote to celebrate their favorite local businesses. From June 1, 2023, to June 30, 2023, Nextdoor neighbors can vote for their favorite businesses across various categories, including restaurants, coffee shops, home service providers, and more at nextdoor.com/faves. This year, Nextdoor is introducing new product features that make it easier for neighbors to discover and vote for local businesses . Additionally, select winners will be invited to a celebratory IRL event in July – more details to come.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230601005371/en/

2023 Nextdoor Neighborhood Faves (Graphic: Business Wire)

2023 Nextdoor Neighborhood Faves (Graphic: Business Wire)

“Local businesses are the heartbeat of communities, infusing character, vitality, and economic growth into the very fabric of our neighborhoods. As the neighborhood network, Nextdoor enables people to support the businesses that help them thrive and make their neighborhoods unique. We’re proud that for the past seven years, Neighborhood Faves has helped amplify local voices and enabled the contributions of local businesses to be acknowledged and celebrated. We look forward to continuing to celebrate local businesses year after year,” said Heidi Andersen, Chief Revenue Officer, Nextdoor.

Visibility on the Neighborhood Network

As part of Nextdoor’s ongoing efforts to elevate local businesses, this year Nextdoor is introducing new product features that offer Neighborhood Faves award winners greater visibility and ranking on the Nextdoor app to attract more customers.

  • Voting Integration – Voters will be introduced to a new integrated on-platform voting experience, which enables them to easily vote for their favorite businesses in just a few clicks.
  • Map Integration – The new Business Map, found in Discover, will allow neighbors to find businesses nearby on the Nextdoor map. Neighbors can see how many Faves businesses have, Fave businesses they want to support, and tap into business pages to see recommendations, and more information about the business. Once the winners are announced in July, the map will be updated with a trophy icon to reflect the 2023 Neighborhood Faves winners.

Additional Benefits for Winners

In addition to more exposure on Nextdoor, Neighborhood Faves award winners will benefit from a number of on and off-platform initiatives.

  • Advertising Value – The top 10 winners will win $500 in Nextdoor Ad credit to help them continue growing their business.
  • Neighborhood Faves IRL Branding – Winners will receive a physical “2023 Neighborhood Faves Winner” sticker to showcase their win in their physical storefronts aka the real world, giving them recognition and prestige in their community.
  • Off-Platform Visibility – Select winners will have the opportunity to participate in a future IRL event hosted by Nextdoor. More details to come.

Impact of Local Businesses on the Neighborhood

With more than 50M business recommendations on the platform, Nextdoor is where real people and businesses connect to the neighborhoods that matter to them. Neighborhood Faves awards recognize the top 1% of local businesses on Nextdoor and honor the businesses that are most loved by locals. In a recent Nextdoor survey, 94% Nextdoor neighbors value recommendations for products, services, and businesses from their neighbors on Nextdoor, and 79% of Nextdoor neighbors say they are more likely to consider shopping at a business or use a service if they knew it was a Nextdoor Neighborhood Fave.

Winners Announcement

The list of 2023 winning businesses in neighborhoods nationwide will be announced in July. Neighbors can vote on the Nextdoor app or by visiting nextdoor.com/faves. Businesses can claim a free Nextdoor Business Page to begin garnering votes from their loyal customers.

About Nextdoor

Nextdoor (NYSE: KIND) is where you connect to the neighborhoods that matter to you so you can belong. Kindness is core to our purpose: to cultivate a kinder world where everyone has a neighborhood they can rely on. Neighbors around the world turn to Nextdoor daily to receive trusted information, give and get help, get things done, and build real-world connections with those nearby — neighbors, businesses, and public services. Today, neighbors rely on Nextdoor in more than 305,000 neighborhoods across 11 countries. In the U.S., 1 in 3 households uses the network. Nextdoor is based in San Francisco. For additional information and images: nextdoor.com/newsroom.

Abby Reyes

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Women Consumer Electronics Technology Men Other Retail Family Apps/Applications Mobile/Wireless Consumer Retail Business Small Business Marketing Advertising Communications Professional Services Artificial Intelligence Social Media Software Networks Internet

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2023 Nextdoor Neighborhood Faves (Graphic: Business Wire)

Global Blue Announces Date for Q4 AND FY 2022/23 Financial Results

Global Blue Announces Date for Q4 AND FY 2022/23 Financial Results

SIGNY, Switzerland–(BUSINESS WIRE)–
On June 28, 2023, before the market opens, Global Blue Group Holding AG (NYSE: GB and GB.WS) will release its financial results on Form 20-F for the fiscal year ended March 31, 2023.

The financial results will include Management’s Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation.

An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available.

These materials can be accessed via the Investor Relations section of the company’s website at www.globalblue.com.

ABOUT GLOBAL BLUE

Global Blue offers innovative solutions in three different fields:

  • Tax Free Shopping: Helping retailers at over 300,000 points of sale to efficiently manage 35 million Tax Free Shopping transactions a year, thanks to its fully integrated in-house technology platform. Meanwhile, its industry-leading digital Tax Free shopper solutions create a better, more seamless customer experience

  • Payments services: Providing a full suite of foreign exchange and Payments technology solutions that allow acquirers, hotels and retailers to offer value-added services and improve the customer experience during 31 million payment transactions a year at 130,000 points of interaction

  • Complementary RetailTech: Offering new technology solutions to retailers, including digital receipts and eCommerce returns, that can be easily integrated with their core systems and allow them to optimise and digitalise their processes throughout the omni-channel customer journey, both in-store and online

In addition, our data and advisory services offer a strategic advisory to help retailers identify opportunities for growth, while our shopper experience and engagement solutions provide data-driven solutions to increase footfall, convert footfall to revenue and enhance performance.

Pre-pandemic figures FY 2019-20.

FOR FURTHER INFORMATION

Frances Gibbons, Head of Investor Relations

+44 (0) 7815 034 212

[email protected]

KEYWORDS: Switzerland Europe

INDUSTRY KEYWORDS: Business Retail Other Professional Services Other Technology Software Online Retail Banking Data Management Professional Services Digital Cash Management/Digital Assets Technology Digital Marketing Other Communications Data Analytics Marketing Other Retail Communications Apps/Applications

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Oshkosh Defense Celebrates Production of 20,000th JLTV

Oshkosh Defense Celebrates Production of 20,000th JLTV

OSHKOSH, Wis.–(BUSINESS WIRE)–
Oshkosh Defense LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today the production of the 20,000th Joint Light Tactical Vehicle (JLTV).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230601005462/en/

Oshkosh Defense team members celebrate the production of the 20,000th JLTV. (Photo: Business Wire)

Oshkosh Defense team members celebrate the production of the 20,000th JLTV. (Photo: Business Wire)

The production of the 20,000th JLTV is a testament to the tremendous capabilities of the Oshkosh team and their commitment to serve the U.S. Armed Forces by providing the most capable tactical wheeled vehicles.

“Just a little over two years ago, we were celebrating our 10,000th JLTV rolling off our production line, said Tim Bleck, Oshkosh Corporation senior vice president and president of Oshkosh Defense. “That means that despite a global pandemic, and some of the most severe supply chain challenges we’ve ever seen, we’ve continued to demonstrate that Oshkosh has what it takes to deliver the JLTV to the customer again and again.”

Delivering vehicles on time and on budget has been a priority for the Oshkosh Defense team since winning the initial contract in 2015. “The continued success of the JLTV program can clearly be credited to Oshkosh’s warm production line, optimized manufacturing processes, robust supply chain, and our world-class team,” Bleck concluded.

Oshkosh Defense awaits a decision from the Government Accountability Office (GAO) regarding its protest of the JLTV follow-on contract and its significant concerns regarding the evaluation of financial, technical, and manufacturing capabilities. More information can be found at oshkoshdefense.com/JLTVprotest.

About Oshkosh Defense

Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle.

Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

Learn more about Oshkosh Defense at www.oshkoshdefense.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs approximately 15,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the extent of supply chain and logistics disruptions; the Company’s ability to increase prices or impose surcharges to raise margins or to offset higher input costs, including increased raw material, labor, freight and overhead costs; the Company’s ability to accurately predict future input costs associated with Defense contracts; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; the Company’s ability to predict the level and timing of orders for indefinite delivery/indefinite quantity contracts with the U.S. federal government; the impact of any U.S. Department of Defense solicitation for competition for future contracts to produce military vehicles; the impact of orders from the U.S. Postal Service; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to data security threats and breaches impacting the Company; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

Alexandra Hittle, Director, Global Marketing and Communications

920-410-1929

[email protected]

KEYWORDS: United States North America Wisconsin

INDUSTRY KEYWORDS: Other Manufacturing Other Transport Technology Contracts Transport Other Technology Military Manufacturing Government Technology Defense

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Oshkosh Defense team members celebrate the production of the 20,000th JLTV. (Photo: Business Wire)

Ford Next Launches Flexible Lease Pilot – Ford Drive – With Uber, Aiming to Boost Electric Rideshare Adoption

Ford Next Launches Flexible Lease Pilot – Ford Drive – With Uber, Aiming to Boost Electric Rideshare Adoption

  • New pilot program creates flexible electric solutions for drivers who use the Uber platform in select U.S. markets, allowing them to lease a vehicle for more customized time periods

  • The pilot is the first of its kind between an automaker and rideshare network, furthering both companies’ electrification and emissions goals

  • When high-mileage drivers make the switch to electric, communities see up to four times the emissions reduction benefit compared to the average car owner, according to Uber’s SPARK! Report
  • Drivers with Uber in San Diego, San Francisco and Los Angeles can sign up now on the Uber Marketplace. Additional details about the pilot are available on forddrive.com

DEARBORN, Mich.–(BUSINESS WIRE)–
Ford Next is collaborating with Uber to deliver a new lease option for rideshare drivers going electric. Called Ford Drive, the pilot program offers flexible access to Ford Mustang Mach-E models and has launched in San Diego, San Francisco, and Los Angeles. Ford Drive’s Los Angeles vehicle deliveries began today.

A flexible lease allows rideshare drivers to select their Mustang Mach-E for between one- and four-month increments, depending on the location. The vehicle is delivered to the driver within two weeks, and they use the Ford Drive app to manage payments and service. In each city, the Ford Drive team works with local dealers to purchase a fleet of Mustang Mach-Es. Service and maintenance of those vehicles are conducted through dealers as well.

Ford Next and Uber initially launched the flexible lease pilot in 2022, allowing San Diego drivers on the Uber platform to lease more than 150 Mustang Mach-Es. Now, drivers in three California cities are able to test drive this new leasing approach. California is Uber’s leading North American market for EV uptake, with close to 10 percent of all on-trip miles completed in fully electric vehicles as of late 2022.

“We understand uptime and ease of use are critical to every rideshare driver. As more of them make the switch to electric vehicles, we’re building the Ford Drive program around their unique needs,” said Bill Knapp, who leads Ford Drive. “We’re glad that the initial feedback on this venture has been so strong, and it’s exciting to learn from these driver experiences to explore solutions supporting Uber and Ford’s shared electrification goals.”

Ford Drive is an initiative of Ford Next, a division that incubates and launches new businesses that create value for Ford by complementing Ford products and creating new business models and customer experiences.

Christopher Hook, Uber’s Global Head of Sustainability, said: “Climate change is the most urgent challenge of our time, and we must work together in order to tackle it.

“As we continue marching toward our zero-emissions goal, Uber is thrilled to partner with Ford to provide an attractive and affordable option for leasing a leading EV and help drivers lower running costs and emissions. It’s a win for drivers, their riders, and the communities where they live.”

Uber aims to be a zero-emissions platform in North America and Europe by 2030 and has pledged $800 million in incentives and resources to help drivers make the switch to electric vehicles.

Drivers of fully electric vehicles on the Uber platform in North America are eligible for the Zero Emissions incentive, which currently lets them earn an extra $1 on every Uber Rides trip (up to $4,000 per calendar year). In addition, the Mustang Mach-E is eligible for Comfort Electric, Uber’s premium zero exhaust ride offering.

One reason Uber is incentivizing drivers to go green: When high-mileage drivers make the switch to electric, communities see up to four times the emissions reduction benefit compared to the average car owner, according to Uber’s SPARK! report.

With the Mustang Mach-E, drivers on the Uber platform have ample trunk space and seating for riders who are taking trips within the city or to the airport. Drivers also have access to more than 85,000 charging plugs and growing through the BlueOval Charge™ Network; North America’s largest public charging network.1

Ford is investing more than $50 billion in electric vehicles through 2026. As part of its Ford + plan, Ford is working to deliver a 600,000 EV production run rate globally by the end of this year and 2 million globally by the end of 2026.

1 Based on original equipment manufacturers (OEM)/automotive manufacturers that sell all-electric vehicles and have active charging networks. Department of Energy data as of November 29, 2022, used. Numbers subject to change. FordPass, compatible with select smartphone platforms, is available via a download. Message and data rates may apply.

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough EVs along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford is pursuing mobility solutions through Ford Next, and provides financial services through Ford Motor Credit Company. Ford employs about 173,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 39 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Amy Mast

949.910.5290

[email protected]

KEYWORDS: California Michigan United States North America

INDUSTRY KEYWORDS: Alternative Vehicles/Fuels EV/Electric Vehicles Automotive General Automotive Automotive Manufacturing Manufacturing Other Travel Transportation Travel

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Biodesix Announces Three Abstracts to Be Presented at ASCO 2023 Annual Meeting

Biodesix Announces Three Abstracts to Be Presented at ASCO 2023 Annual Meeting

BOULDER, Colo.–(BUSINESS WIRE)–
Biodesix, Inc. (Nasdaq: BDSX), a leading data-driven diagnostic solutions company with a focus in lung disease, announced today that three new scientific abstracts will be presented as part of the 2023 American Society of Clinical Oncology (ASCO) Annual Meeting including a poster presented by Friends of Cancer Research (FoCR) featuring genomic data contributed by Biodesix and other organizations.

This poster highlights long term patient outcomes from the ctMoniTR Project, a study evaluating the prognostic value of changes in circulating tumor DNA (ctDNA) in patients treated with targeted therapies. The new data release indicates that ctDNA shows promise as an early endpoint to support drug development and regulatory decision-making.

“We are thrilled to partner with our colleagues in industry, academia, government and Friends of Cancer Research in contributing to the new data analysis on ctDNA and outcomes that will be released at the ASCO 2023 Annual Meeting,” said Gary Pestano, Chief Development Officer of Biodesix. “ctDNA continues to show promise, in a range of clinical indications and we are proud to support the efforts to generate evidence on how it can positively impact patient lives.”

The other two abstracts showcase new health economic and outcomes data on the VeriStrat® host immune classifier, part of IQLung™ personalized lung cancer treatment guidance testing. These analyses evaluated healthcare resource utilization (HCRU) and healthcare costs in patients with non-small cell lung cancer (NSCLC) classified by the test. The VeriStrat test is a novel predictive and prognostic blood-based host immune classifier that stratifies immune checkpoint inhibition (ICI) treatment response in patients with advanced NSCLC. Prior studies have shown that patients classified by the test as host immune classifier hot (HIC-Hot), also known as VeriStrat Good, had better outcomes, on average living 2-3 times longer when compared to patients classified as host immune classifier cold (HIC-Cold), also known as VeriStrat Poor.

The first poster, titled “Real-world healthcare resource utilization amongst non-small cell lung cancer (NSCLC) patients tested with a host immune classifier (HIC),” shows that patients with HIC-C classifications have higher HCRU during their lung cancer diagnosis. However, patients with an HIC-H classification had higher HCRU with respect to prescriptions and emergency room visits. The second poster, titled “Real-world healthcare costs amongst non-small cell lung cancer (NSCLC) patients tested with a host immune classifier (HIC),” shows that patients with HIC-C classifications had significantly higher total medical costs through the course of lung cancer diagnosis and treatment than those with an HIC-H classification.

These data reinforce the utility of the VeriStrat test in guiding treatment decisions and suggest that earlier identification of the VeriStrat classification may help identify patients with NSCLC most likely to benefit from additional health system navigation support.

About Biodesix

Biodesix is a leading data-driven diagnostic solutions company with a focus in lung disease. The Company develops diagnostic tests addressing important clinical questions by combining multi-omics through the power of artificial intelligence. Biodesix offers five Medicare-covered tests for patients with lung diseases. The blood based Nodify Lung® nodule risk assessment testing strategy, consisting of the Nodify XL2® and the Nodify CDT® tests, evaluates the risk of malignancy in pulmonary nodules, enabling physicians to better triage patients to the most appropriate course of action. The blood based IQLung™ strategy for lung cancer patients integrates the GeneStrat® targeted ddPCR™ test, the GeneStrat NGS™ test and the VeriStrat® test to support treatment decisions across all stages of lung cancer with results in an average of two to three business days, expediting time to treatment. Biodesix also leverages the proprietary and advanced Diagnostic Cortex® AI (Artificial Intelligence) platform, to collaborate with many of the world’s leading biotechnology and pharmaceutical companies to solve complex diagnostic challenges in lung disease. For more information about Biodesix, visit biodesix.com.

Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “predict,” “potential,” “opportunity,” “goals,” or “should,” and similar expressions are intended to identify forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors. Biodesix has based these forward-looking statements largely on its current expectations and projections about future events and trends. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions. Forward-looking statements may include information concerning the impact of the COVID-19 pandemic on Biodesix and its operations, its possible or assumed future results of operations, including descriptions of its revenues, profitability, outlook, and overall business strategy. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. The Company’s ability to continue as a going concern could cause actual results to differ materially from those contemplated in this press release and additionally, other factors that could cause actual results to differ materially from those contemplated in this press release can be found in the Risk Factors section of Biodesix’s most recent annual report on Form 10-K, filed March 14, 2022 or subsequent quarterly reports on Form 10-Q during 2022, if applicable. Biodesix undertakes no obligation to revise or publicly release the results of any revision to such forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.

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KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Science Other Science Biotechnology Research Oncology General Health Health Genetics

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Li-Cycle Joins the United Nations Global Compact Initiative

Li-Cycle Joins the United Nations Global Compact Initiative

Li-Cycle’s commitment to the United Nations Global Compact, the world’s largest corporate sustainability initiative, reflects the importance of sustainability to its business

TORONTO–(BUSINESS WIRE)–Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, is pleased to announce it has joined the United Nations Global Compact (“UNGC”) initiative, a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.

Li-Cycle is proud to join thousands of other companies worldwide committed to aligning their operations and strategies with the UNGC’s Ten Principles in the areas of human rights, labour, environment, and anti-corruption, and to take action in support of the United Nations’ Sustainable Development Goals (SDGs). The Company’s participation in the UNGC is a formal expression of Li-Cycle’s commitment to uphold the highest standards relating to these principles. Aligned with Li-Cycle’s Environment, Social, and Governance (ESG) strategy, the Company aims to make a meaningful and positive impact on the SDGs through its comprehensive approach to sustainability and responsible business practices.

“I am proud to announce Li-Cycle’s commitment to join the UNGC, which reflects our adherence to the highest sustainability standards for our ESG strategy and roadmap,” said Ajay Kochhar, Li-Cycle’s CEO and co-founder. “Joining the UNGC further demonstrates Li-Cycle’s unwavering commitment to operating as a responsible and sustainable global clean technology company. Through our active participation in this initiative, Li-Cycle aims to contribute to the collective efforts in creating a more inclusive, ethical, and cleaner world. Together with other like-minded organizations, we can drive positive change and make a lasting impact.”

Li-Cycle’s patented Spoke & Hub Technologies™ enables a safe and environmentally friendly way to recycle lithium-ion batteries and recover critical battery-grade materials. The attributes of the Company’s process include an efficient environmental footprint, minimal direct greenhouse gas emissions, and minimal wastewater discharge. Li-Cycle has been recognized for its impact in building a more sustainable battery materials supply chain and accelerating the movement towards decarbonization. In line with the Ten Principles, Li-Cycle supports human rights, protect its workers and communities, and ensures that its operations adhere to the highest ethical and safety standards. To view Li-Cycle’s interim ESG Report, click here.

Launched in 2000, the UNGC is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 Local Networks. For more information about this initiative, please visit the Company’s profile on the UNGC website and learn more about how Li-Cycle is making a positive impact on the global business environment by promoting sustainability and ethics.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery-grade materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries, and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com.

Forward-Looking Statements

Certain statements contained in this press release may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “believe”, “may”, “will”, “continue”, “anticipate”, “intend”, “expect”, “should”, “would”, “could”, “plan”, “potential”, “future”, “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include but are not limited to statements about: Li-Cycle’s intention to make a meaningful and positive impact on the SDGs through its comprehensive approach to sustainability and responsible business practices; Li-Cycle’s intention to contribute to the collective efforts in creating a more inclusive, ethical, and cleaner world; and Li-Cycle’s ability to drive positive change and make a lasting impact. These statements are based on various assumptions, whether or not identified in this communication, including but not limited to assumptions regarding the timing, scope and cost of Li-Cycle’s projects; the processing capacity and production of Li-Cycle’s facilities; Li-Cycle’s ability to source feedstock and manage supply chain risk; Li-Cycle’s ability to increase recycling capacity and efficiency; Li-Cycle’s ability to obtain financing on acceptable terms; Li-Cycle’s ability to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners; general economic conditions; currency exchange and interest rates; compensation costs; and inflation. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.

These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of Li-Cycle’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of Li-Cycle’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. Li-Cycle believes that these risks and uncertainties include, but are not limited to, the following: Li-Cycle’s inability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass, and to meet the market demand for an environmentally sound, closed-loop solution for manufacturing waste and end-of-life lithium-ion batteries; Li-Cycle’s inability to successfully implement its global growth strategy, on a timely basis or at all; Li-Cycle’s inability to manage future global growth effectively; Li-Cycle’s inability to develop the Rochester Hub, and other future projects including its Spoke network expansion projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; Li-Cycle’s failure to materially increase recycling capacity and efficiency; Li-Cycle may engage in strategic transactions, including acquisitions, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of debt, or prove not to be successful; one or more of Li-Cycle’s current or future facilities becoming inoperative, capacity constrained or if its operations are disrupted; additional funds required to meet Li-Cycle’s capital requirements in the future not being available to Li-Cycle on acceptable terms or at all when it needs them; Li-Cycle expects to continue to incur significant expenses and may not achieve or sustain profitability; problems with the handling of lithium-ion battery cells that result in less usage of lithium-ion batteries or affect Li-Cycle’s operations; Li-Cycle’s inability to maintain and increase feedstock supply commitments as well as securing new customers and off-take agreements; a decline in the adoption rate of EVs, or a decline in the support by governments for “green” energy technologies; decreases in benchmark prices for the metals contained in Li-Cycle’s products; changes in the volume or composition of feedstock materials processed at Li-Cycle’s facilities; the development of an alternative chemical make-up of lithium-ion batteries or battery alternatives; Li-Cycle’s revenues for the Rochester Hub are derived significantly from a single customer; Li-Cycle’s insurance may not cover all liabilities and damages; Li-Cycle’s heavy reliance on the experience and expertise of its management; Li-Cycle’s reliance on third-party consultants for its regulatory compliance; Li-Cycle’s inability to complete its recycling processes as quickly as customers may require; Li-Cycle’s inability to compete successfully; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; significant variance in Li-Cycle’s operating and financial results from period to period due to fluctuations in its operating costs and other factors; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavorable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, unusually adverse weather, epidemic or pandemic outbreaks, cyber incidents, boycotts and geo-political events; failure to protect or enforce Li-Cycle’s intellectual property; Li-Cycle may be subject to intellectual property rights claims by third parties; Li-Cycle’s failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or if it fails to develop and maintain a proper and effective internal control over financial reporting. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled “Risk Factors” and “Key Factors Affecting Li-Cycle’s Performance” in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.

Li-Cycle assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this press release.

Investor Relations

Nahla A. Azmy

Sheldon D’souza

[email protected]

Media

Louie Diaz

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KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Other Energy Professional Services Utilities Sustainability Batteries Alternative Energy Energy Technology Environment Engineering Environmental, Social and Governance (ESG) Manufacturing

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XPENG Announces Vehicle Delivery Results for May 2023

XPENG Announces Vehicle Delivery Results for May 2023

 

GUANGZHOU, China–(BUSINESS WIRE)–
XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for May 2023.

In May 2023, XPENG delivered 7,506 Smart EVs. The delivery volume of the P7i has experienced a substantial increase compared to the previous month. The Company will further accelerate deliveries of the P7i in June, with the goal of rapidly bringing customers this popular new model that features outstanding style and design aesthetics and distinguishing smart features.

Presale for the G6 Ultra Smart Coupe SUV begins on June 9, with display vehicles available at our stores.

In May, XPENG invited the media to test drive the G6. Feedback from media on the G6 highlights that the new model has distinct advantages over other EV models in terms of its ADAS capabilities and its 800V platform for fast charging. The Company anticipates the G6 will emerge as one of the most popular, bestselling models in China’s NEV SUV market segment with the RMB200,000 to RMB300,000 price range.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://heyXPENG.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goals and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPeng does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For Investor Enquiries:

IR Department

XPeng Inc.

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Jenny Cai

The Piacente Group

Tel: +1 212 481 2050 / +86 10 6508 0677

Email: [email protected]

For Media Enquiries:

PR Department

XPeng Inc.

Email: [email protected]

KEYWORDS: China Asia Pacific

INDUSTRY KEYWORDS: Consumer Electronics Automotive Automotive Manufacturing EV/Electric Vehicles Technology Manufacturing Off-Road Trucks & SUVs

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Brightwell Reappoints Northern Trust for Investment Operations Outsourcing Services

Brightwell Reappoints Northern Trust for Investment Operations Outsourcing Services

Renewal Extends Long-Term Relationship with UK Defined Benefit Pension Scheme Manager

LONDON–(BUSINESS WIRE)–
Northern Trust (Nasdaq: NTRS) today announces it has been reappointed by United Kingdom (UK) defined benefit (DB) pension scheme manager Brightwell as its provider of investment operations outsourcing services.

Brightwell, formerly known as BT Pension Scheme Management, is the primary service provider to the BT Pension Scheme (BTPS). This is a DB pension scheme for employees, former employees and dependents of BT Group plc and some of its associated companies. BTPS is one of the 10 largest pension schemes in the UK with £46.9 billion in assets under management (as of 30 June 2022, source: BTPS report and accounts).

Brightwell has also this year begun offering its capabilities across member services, advisory and funding and fiduciary services to other like-minded DB schemes alongside BTPS. The first agreement of this type was its recently announced fiduciary management deal with the £1 billion DB section of the EE Pension Scheme.

Peter James, chief investment administration officer at Brightwell, said: “As our longstanding provider of asset servicing solutions, Northern Trust’s capabilities support our focus on delivering sustainable funding, investment solutions and member services to UK pension scheme clients to help them reach their endgame objectives. Reappointing Northern Trust reflects its track record of service delivery for us, and our confidence in its technological capacity to support our strategic priorities over the long term.”

Laurence Everitt, head of Global Fund Services, UK, at Northern Trust, said: “Northern Trust’s services provide sophisticated investment managers with the infrastructure to support diverse and complex investments – delivering process efficiencies and meeting their continuing demands for data, transparency and insight. Our reappointment by Brightwell as its long-term provider also shows the strategic and cultural alignment between both organisations, and we are excited to support our client as it continues to develop its business.”

Northern Trust’s Global Fund Services business provides services including fund administration, global custody, investment operations outsourcing and data solutions to global investment managers – supporting a range of complex investment strategies across the full spectrum of asset classes.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2023, Northern Trust had assets under custody/administration of US$14.2 trillion, and assets under management of US$1.3 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

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Experiences Reign Supreme During Squeeze on Consumer Finances, According to Paysafe

Experiences Reign Supreme During Squeeze on Consumer Finances, According to Paysafe

Research released by Paysafe highlights how consumers are prioritising expenditure and how they are paying for it

LONDON–(BUSINESS WIRE)–
Consumer demand for travel, leisure and other experiences remains strong despite the increase in cost of living according to Paysafe (NYSE: PSFE) research* released today. The leading payments platform found that 51% of consumers are still prioritising spend in these areas over other discretionary spending.

The research also revealed that over 27% of consumers are spending even more on eating out and takeaways than they did before the cost-of-living crisis, 25% are spending more on streaming services, and 17% are spending more on travel including days out, flights, and package holidays. Few respondents had stopped their discretionary spending altogether, at 7% for streaming services, takeaways, and eating out, and 13% for flights, package holidays and sports bets.

The report surveyed 14,500 consumers across Europe, North America and Latin America for Paysafe’s annual ‘Lost in Transaction’ study: Consumer Payment Trends 2023: How consumers’ shifting priorities are impacting the experience economy.

Despite the prioritisation of experiences, against a challenging economic backdrop, budget consciousness appears to be top of mind for many consumers. Forty-seven percent of consumers said they’d abandoned their carts at the checkout due to tighter budget constraints and would rather make purchases during seasonal sales or discounting events like Black Friday (67%).

Over half (57%) of consumers have cut down on larger purchases and are instead making smaller purchases more often, while 61% are evaluating how they can cut further costs by repairing an item rather than replacing it. Others are tapping into the added benefits of digital wallets and eCash to manage their financial constraints, with just under half (48%) of digital wallet users saying they value this payment method’s connection to third-party money management tools.

eCash has seen a major jump in consumer adoption (now 60%, against only 26% last year), while more than two-thirds (69%) of consumers are now using digital wallets more regularly (compared to 41% in 2022’s research). In fact, 52% of consumers say they would now be happy to leave the house without a physical wallet and rely solely on a digital wallet or mobile device for purchases.

Commenting on the research, Rob Gatto, Chief Revenue Officer at Paysafe, said: “Our research shows that experiences are paramount – whether that’s where consumers are looking to spend their hard-earned cash, or how they are checking out for essential items. Even before the squeeze on household finances, consumers were already comfortable abandoning their carts. Now that they have the additional concern of tight budgets on their minds, they’ll be even more likely to do so if they’re hit with surprise shipping fees, can’t use their preferred payment methods, or encounter other unwanted friction points at the checkout. It’s never been more important for online businesses to ensure their checkout is optimised for a seamless customer experience.”

For additional takeaways from the research, as well as further analysis, download the full report: Lost in Transaction Consumer Payment Trends 2023: How consumers’ shifting priorities are impacting the experience economy.

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NOTES TO EDITORS

Paysafe will be at Money20/20 Europe in Amsterdam from June 6 – 8. To request a media interview about the findings or Paysafe’s consumer research, please contact [email protected].

About the research

The research*, which was conducted on behalf of Paysafe by Sapio Research in April 2023 and covers the UK, US, Canada, Germany, Austria, Bulgaria, Italy, Peru, Chile, Brazil, Mexico, Colombia, Argentina and Ecuador explored changing consumer behaviours towards payments.

About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With 25 years of online payment experience, an annualized transactional volume of over $130 billion in 2022, and approximately 3,300 employees located in 12+ countries, Paysafe connects businesses and consumers across more than 250 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com

Paysafe Press Office

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INDUSTRY KEYWORDS: Entertainment Other Retail Professional Services Fintech Other Travel Payments Consumer Technology Travel Other Entertainment Retail Other Consumer Finance

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