News

Retail
Allbirds Shoots for $2.2B Valuation in IPO
October 25, 2021

Self-proclaimed ethical shoemaker Allbirds has set its sights on a $2.2 billion valuation for its initial public offering (IPO), according to a filing with the Securities and Exchange Commission (SEC) on Monday (Oct. 25). Get the Full Story Complete the form to unlock this article...

Retail
Higher Wages ‘Never the Top Reason’ Workers Take Jobs Amid Labor Shortage
October 25, 2021

Retailers, restaurants and small businesses are pulling out all the stops to bring workers in the door amid the ongoing labor shortage, with many taking steps to raise their base pay to at least $15 per hour, more than double the federal minimum wage of...

Retail
Smaller Shops Catching on as Retailers Hone Physical Shopping Experience
October 25, 2021

Retailers, many known for their expansive stores, are beginning to refine their footprints and rethink how they utilize floor space and real estate to create a more focused experience for customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Retailers Struggle With Increasing Costs of Customer Acquisition
October 25, 2021

Increasing customer acquisition costs are beginning to dig into retailers’ profits at a time when merchants are struggling on multiple different fronts, facing a continuing labor shortage and supply chain issues that threaten product availability ahead of the holidays. Get the Full Story Complete the...

Payments Innovation
Livescale on Reducing the Time It Takes to Onboard New Merchants
October 25, 2021

Onboarding merchants in a fast yet cost-effective manner is often an uphill battle for eCommerce marketplaces. But it’s a source of friction that can be minimized by payment orchestration APIs. In this month’s Accelerating The Time To First-Time Payments Playbook, PYMNTS talks with livestream shopping...

B2B Payments
ANKA Marketplace Shows Power of Digital to Take African Businesses Global
October 25, 2021

“When you facilitate the life of the sellers, they end up selling even more.” 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...

Partnerships / Acquisitions
23andMe to Buy Web Platform Lemonaid Health for $400M
October 25, 2021

Hims & Hers Health has had its biggest one-day loss in over two months, following its rival 23andMe’s agreement to buy web-based healthcare platform Lemonaid Health. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
PayPal Not Buying Pinterest ‘At This Time’
October 25, 2021

PayPal is not buying the social media image sharing site Pinterest, the payments giant said in a brief statement on Sunday (Oct. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Jumio Intros No-Code Orchestration Layer for KYX Platform
October 25, 2021

Artificial intelligence (AI) identity verification startup Jumio has launched an intuitive, no-code orchestration layer for its KYX Platform that pulls together a full suite of risk and fraud detection tools, the company said in a press release emailed to PYMNTS. Get the Full Story Complete...