Kenyan lender Credit Bank reportedly plans to raise 1 billion shillings (about $6.89 million) through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE). The move would mark the first IPO on the NSE since 2014 when the exchange listed itself, Bloomberg reported Monday (Aug. 28). However, the timing...
As aggregators aim to facilitate not only third-party restaurant sales but also direct orders, DoorDash is turning to voice artificial intelligence (AI) to expand its white-label solutions for restaurants. The United States’ leading aggregator announced Monday (Aug. 28) that it is developing voice ordering capabilities powered by AI to...
As inflation ebbs, shoppers continue to trade down while cautiously increasing their spending. Many consumers have had to drastically change their shopping behavior to stretch their household budget further since inflation took hold of the economy in 2021. One strategy is to cut down on...
Instacart filed its S-1 on Friday, August 25 — and with it came a glimmer of hope that the 18-month tech IPO drought may be ending. EquityZen’s head of market insights Brianne Lynch reports that some 1400 private companies worth $1B or more are sitting...
While beauty companies Laneige and Charlotte Tilbury have sought to enter the virtual realm with virtual storefronts to connect and transact with consumers, Ulta Beauty’s customers are demonstrating that the essence of the beauty experience remains rooted in sensory engagement as final transactions are happening...
Everyone and their sibling seems to have a pet right now. Look outside on a sunny day in a big city and you are likely to see more furry friends than actual people. “I think something like one in five people adopted a pet during...
The convergence of casualization, comfort, and personalization has become a potent force, reshaping the way people perceive and interact with brands. The modern consumer is seeking more than just clothing and accessories — they seek a reflection of their values, needs and identity. The intersection...
American retailers are increasingly turning to promotions as consumers grow cagey about nonessential spending. As Bloomberg News noted in a report Sunday (Aug. 27), Whirlpool, Petco and Foot Locker are among the companies offering discounts to entice shoppers. “With sales softer than anticipated, we are taking more aggressive actions on...
Marketing automation firm Klaviyo says it plans to go public. The company filed paperwork Friday (Aug. 25) with the Securities and Exchange Commission (SEC) announcing its intent to list on the New York Stock Exchange. Founded in 2012, Klaviyo began as a platform for eCommerce companies, although it says it has...
