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Authentic Brands Group Gains $500 Million Investment to Support Expansion
Retail
Authentic Brands Group Gains $500 Million Investment to Support Expansion
June 30, 2023

Authentic Brands Group has received a $500 million primary follow-on investment from growth equity firm General Atlantic. 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...

Staples Begins Accepting Amazon Returns Amid Expansion of In-Store Services
Retail
Staples Begins Accepting Amazon Returns Amid Expansion of In-Store Services
June 30, 2023

All Staples retail stores in the United States will soon be handling returns for Amazon customers. 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...

Why Old Accounts Receivable Systems Cost Firms New Business
B2B Payments
Why Old Accounts Receivable Systems Cost Firms New Business
June 30, 2023

There’s a reason that business processes get the “consumer” treatment, not the other way around. 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,...

Consumers Purchase Groceries at Walmart, Saving Pricier Item Spend for Amazon
Retail
Consumers Purchase Groceries at Walmart, Saving Pricier Item Spend for Amazon
June 30, 2023

Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. 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...

FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm 
Fintech Investments
FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm 
June 30, 2023

The platforms surged — many of them anyway.   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 form, you...

Inflection AI Raises $1.3 Billion to Continue Developing ‘Personal AI’
Artificial Intelligence
Inflection AI Raises $1.3 Billion to Continue Developing ‘Personal AI’
June 29, 2023

Inflection AI has raised $1.3 billion in a funding round led by high-profile tech industry investors. 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,...

Nike’s Share of Direct Sales Hits $21.3 Billion, a 14% increase in FY 2023
Retail
Nike’s Share of Direct Sales Hits $21.3 Billion, a 14% increase in FY 2023
June 29, 2023

While Nike may have rekindled its relationships with wholesale partners Macy’s and DSW, the apparel and footwear giant isn’t looking to go full throttle on wholesale, unless consumers want it. Well, maybe. Let’s dig into that.  Get the Full Story Complete the form to unlock...

Rite Aid Rides Ozempic Wave but Fails to Profit  
Retail
Rite Aid Rides Ozempic Wave but Fails to Profit  
June 29, 2023

During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Shein Denies Report of Confidential Registration for IPO in US
Retail
Shein Denies Report of Confidential Registration for IPO in US
June 29, 2023

Shein has denied a media report that it has registered for an initial public offering (IPO) in New York. 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...