News

Retail
ThredUp Sellers Needled by Inventory Backlog
April 03, 2023

Sellers on fashion resale site ThredUp are reportedly fed up with long processing waits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

eCommerce
Boxed, Inc. Files For Bankruptcy Following SVB Collapse
April 03, 2023

After warning last month that it could declare bankruptcy, eGrocer Boxed has made it official. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Retail
Resale Is Having Its Moment, but Will Rent the Runway?  
April 02, 2023

The shift towards sustainability is evident, and consumers have made it clear that the trend is here to stay. As a result, the resale market has experienced significant growth, with third-party platforms such as thredUP, Vestiaire Collective, and Poshmark — as well as brands themselves...

Delivery
Report: Instacart Ups Internal Valuation by $2 Billion After Series of Cuts
April 02, 2023

Instacart has reportedly raised its internal valuation after cutting it several times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Investments
Block Stock Bounces Back After Refuting Hindenburg Report Findings
April 02, 2023

Block’s stock recovered late last week after it issued a detailed response to a short seller’s negative report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Payments Innovation
Elon Musk Envisions Twitter as a $250 Billion PayPal Rival
April 02, 2023

Elon Musk has reportedly outlined his vision for Twitter: a $250 billion payments company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

B2B Payments
Finverity Raises $5 Million to Expand Supply Chain Finance Technology
March 31, 2023

Finverity has raised $5 million to expand its trade and supply chain finance technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Retail
Kroger Refines Data Capabilities as Grocers Personalize the Shopping Experience
March 31, 2023

This week in grocery, Kroger, Natural Grocers and Giant Eagle all step up personalization efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Security & Fraud
45% of Consumers Trust Primary Banks to Keep Payments Credentials Secure
March 31, 2023

Storing payment credentials is a practice increasing by leaps and bounds from streaming services to food delivery, with PYMNTS research finding that 60% of consumers on average store payment credentials. The question is, whom do they truly trust with these credentials? Get the Full Story...