News

IPO
Gearing up for IPO, MOD Pizza Looks to Voice Commerce, Data Analytics
November 24, 2021

Pizza chains, which typically relied heavily on off-premise sales even before quarantine, have been at the forefront of the restaurant industry’s digital shift. Now, Seattle-based fast-casual chain MOD Pizza, which has hundreds of locations across 29 states, is looking to parlay the learnings of the...

Retail
AMZN vs WMT Weekly: Amazon Finally Matches Walmart for Consumer Retail Sales
November 24, 2021

Though both Amazon and Walmart began their holiday promotions weeks ago, the two largest retailers in the U.S. are still counting on the days between Black Friday and Christmas to bolster fourth quarter, with Amazon likely hoping the holiday season can help it take the...

Retail
Today in Retail: Gap Leans on Portfolio of Brands; Afterpay Set to Launch Subscription Service
November 24, 2021

In today’s top retail news, Gap says supply chain issues will likely persist into early next year, while Afterpay is preparing to launch a subscription service for recurring purchases in early 2022. Also, Best Buy is adding to its selection of outdoor furniture with the...

Investments
UK Investing App Freetrade Surpasses Fundraising Goal By 800% in First Day of Crowdfunding
November 24, 2021

U.K. investing app Freetrade exceeded its fundraising goal by more than 800% in its first of seven days of fundraising on crowdfunding platform Crowdcube, pulling in more than 8.1 million pounds ($10.8 million), according to Freetrade’s investment page. More than 6,100 investors have contributed investments,...

B2B Payments
57% of Business Buyers Are Making More Purchases on eCommerce Sites 
November 24, 2021

B2B sellers have not traditionally paid much attention to streamlining their eCommerce experiences because most corporate buyers seemed comfortable with traditional — albeit lengthier — processes in which they placed orders, waited for invoices in the mail, and then wrote and mailed back paper checks...

IPO
Paytm’s October Metrics Might Give Legs to Bounce Back From Busted IPO 
November 24, 2021

Paytm’s journey back from busted initial public offering (IPO) status may be more a marathon than sprint. 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...

Retail
Does the ‘Ord’ in Nordstrom Now Stand for Ordinary?
November 24, 2021

It’s a bad day to be Nordstrom.  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...

Gift Cards
CPG Brands Turn to Personalized, Digital Gift Cards to Boost Holiday Sales
November 24, 2021

With the trend across the restaurant and grocery industries moving toward digital personalization, eCommerce gift cards may be more important than ever this holiday season, especially for brands for which consumer choice is central to their value prop. On Tuesday (Nov. 23), Kroger-owned meal kit...

International
Plunging Lira Prevents Turks from Buying iPhones, Electronics
November 24, 2021

Apple iPhones and other electronics are out of reach for people in Turkey after the lira continues dropping, losing 40% in value since the start of 2021, 20% since the beginning of last week, and a historic 15% in a single day, according to multiple...