News

Retail
Ailing Allbirds Looks to Take Flight With Expanded Wholesale Effort
February 24, 2022

After three grueling months as a public company and an 80% decline in its stock price from its trading debut, eco-friendly footwear and apparel maker Allbirds is hoping third-party sellers will give its brand and bottom line a boost. Get the Full Story Complete the...

International
Sanctions on Russia May Be Streamlined, Sped up by the Digital Age
February 24, 2022

Russia’s attack on Ukraine is now unfolding. 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 agree...

Retail
Sleep Number Blames Chip Shortage for Subpar Q4 Performance
February 24, 2022

Sleep Number Corp.’s stock price continued to tumble in early trading Thursday (Feb. 24), dropping more than 3% after a 14% dip Wednesday (Feb. 23) that came after the mattress and bedding manufacturer missed its fourth-quarter earnings expectations because of the late arrival of semiconductor...

Retail
Bath & Body Aims to Keep Record Results Momentum as CEO Steps Down
February 24, 2022

Bath & Body Works, Inc. CEO and board member Andrew Meslow will leave the company May 12 due to health issues, the company announced Wednesday (Feb. 23) as part of its quarterly update to investors and analysts. Get the Full Story Complete the form to...

Investments
Vietnamese eCommerce Firm OpenCommerce Group Raises $7M
February 24, 2022

Vietnamese cross-border eCommerce company OpenCommerce Group (OCG) has raised $7 million in Series A funding round led by VNG, a media company that is Vietnam’s first unicorn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
US Lawmakers Urge Biden to Persuade EU to Change Digital Markets Act
February 24, 2022

A bipartisan group of 30 lawmakers sent a letter to President Joe Biden urging him to talk to EU leaders and persuade them to change the proposed Digital Markets Act (DMA), as in their view, it “unfairly” targets U.S. tech companies.  Get the Full Story...

Regulation
EU’s Vestager Wants EU Digital Laws to Inspire Others 
February 24, 2022

European Commission Vice President Margrethe Vestager, in a speech at the University of California Berkeley’s Law School on Tuesday (Feb. 22), reiterated the importance of the European Union legislation to regulate digital platforms and how other countries are sharing the same views and adopting similar regulations....

Investments
German Delivery Platform Karla Raises $3.8M
February 24, 2022

German delivery startup Karla has raised $3.8 million in pre-seed funding, while also launching an app designed to optimize deliveries and provide transparency for eCommerce orders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
UK’s Open Banking Chief Calls on Regulators to Streamline, Accelerate the Technology 
February 24, 2022

The leader of United Kingdom’s open banking organization has called on regulators to accelerate debut of the 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...