News

IPO
Swiggy Targeting $800M IPO Next Year
February 22, 2022

Indian food delivery giant Swiggy is eyeing an initial public offering (IPO) early next year and has begun preparations to raise at least $800 million as part of its public unveiling, according to a Nikkei Asia report Tuesday (Feb. 22) that cites three people familiar...

Delivery
NYC Council Moves to Ban Grocery Apps’ 15-Minute Delivery Guarantees
February 22, 2022

New York City Councilman Christopher Marte will introduce a bill that would ban on-demand grocery apps from advertising that they will deliver in 15 minutes, saying such a practice threatens worker and pedestrian safety, according to a report in The New York Post Monday (Feb....

Investments
Investment Platform PrimaryBid Lands $190M in Series C
February 22, 2022

British investment platform PrimaryBid is looking to expand across Europe and into the U.S. following the close of a $190 million Series C funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Digital Banking Leaves Teller Deposits in the Distance
February 22, 2022

Banking, without a backward glance, is leaving the branch behind. 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...

Loyalty & Rewards
Restaurant Subscription Holders Are Twice as Likely to Use Loyalty Programs
February 22, 2022

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 to receive marketing communications from PYMNTS and...

Retail
Macy’s Says No to eComm Spin Off
February 22, 2022

After a comprehensive three-month review of its business to assess the possibility of separating its eCommerce assets from its traditional physical stores, Macy’s has concluded that its existing integrated strategy is the best path forward for customers and the company. Get the Full Story Complete...

Retail
Walmart Launches Spring 2022 Lines, the First Created by Brandon Maxwell
February 22, 2022

Walmart has debuted its spring 2022 collections, the first since it added American fashion designer Brandon Maxwell as creative director for its Free Assembly and Scoop brands about a year ago, according to a Monday (Feb. 22) company blog post. Get the Full Story Complete...

Retail
Dillard’s Embracing New Retail Reality
February 22, 2022

Dillard’s Inc. on Tuesday (Feb. 22) announced it’s replacing a pair of retail stores with new ones that are part of its embrace of smaller brick-and-mortar locations and an increasingly omnichannel strategy. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
London FinTech Startup Weavr Nets $40M Funding Round
February 22, 2022

Embedded finance startup Weavr raised $40 million in a Series A funding round led by Tiger Global, with participation from Mubadala Capital, Latitude Fund, QED Investors, Anthemis and Seedcamp. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...