News

eCommerce
Swiping Right on Personalization: How an Ex-Tinder CEO Is Growing an Online Nursery Business 
April 24, 2023

Plant enthusiasts, gardeners and landscapers consider visiting a nursery in person as a necessity when it comes to selecting plants, shrubs, and trees. It allows them to inspect the plant up close, examine the leaves, and check for any signs of damage or disease. They...

eCommerce
eBay-Backed Cudoni Shuts Down, Highlighting Growing Competition in Luxury Resale  
April 24, 2023

Back in January, Cudoni, a startup based in London, added eBay to its roster of investors with a $9 million fundraise. Today, the company no longer exists. The company stated that the present economic situation has made it unfeasible to continue its operations. The move...

Retail
Valentino Sees Sales Climb 10% Despite ‘Shaky’ China
April 24, 2023

Italian luxury brand Valentino has seen sales rise thanks to its directly-owned stores. As Reuters reported Monday (April 24), Valentino enjoyed an 18% increase in core profit for last year, with sales climbing 10% at constant currencies. The company said sales in the shops it...

Retail
LVMH Market Value Tops $500 Billion in 1st for Europe
April 24, 2023

Luxury retailer LVMH’s market value has surpassed $500 billion in a first for European firms. The milestone, observed Monday (April 24) in multiple media accounts, comes weeks after the company reported a leap in sales driven by shoppers in China. The company — owner of...

Faster Payments
PYMNTS Intelligence: Merchants Can Ride Faster Payments to Improved Customer Loyalty
April 24, 2023

Shifting preferences favoring transaction speed and ease have led many organizations to move toward faster payment methods. In fact, 54% of North American businesses say payment speed is a primary reason for adding digital payment options at all. Especially with lingering inflation and economic uncertainty...

News
SVB CEO and Finance Chief Tender Resignations
April 24, 2023

The chief executive and CFO of Silicon Valley Bank’s parent company have stepped down. Gregory Becker, CEO of SVB Financial Group, resigned from that role April 19 and from the company’s board, according to a recent regulatory filing, while chief financial officer Daniel Beck left...

eCommerce
Türkiye Is Open for Global eCommerce, but New Regulation May Be a Hurdle
April 24, 2023

The Turkish eCommerce market is currently the 18th largest globally, with experts projecting more than $22 billion in sales this year. Throughout the next four years, this growth is expected to continue at a compound annual growth rate (CAGR) of 14.5%, fueled by a continuing...

B2B Payments
Companies Tap New Data Insights After Automating Business Payments
April 24, 2023

Intractable manual payment processing remains a significant pain point for many organizations, but the more companies experience automated payment processing, with the cost savings and valuable data it yields, the more they move to embrace it across the business. For example, issuing banks are focused...

POS Innovation
Eliminating Apps Will Fast-Track Cashierless Retail Adoption in Europe
April 24, 2023

Cashierless technology like Amazon Go is becoming increasingly commonplace in the retail world, driven by the ongoing effects of the pandemic and consumer demand for convenience and improved in-store experience. In fact, PYMNTS has argued in a recent report that cashierless checkout is retail’s next...