News

Retail
Today in Retail: Allbirds Hopes Valuation Flies Above $2B; Walmart+ Offers Promo for New Members
October 25, 2021

In today’s top retail news, Allbirds is aiming for a valuation of over $2 billion when it makes its public debut on the Nasdaq exchange, while Walmart+ is offering a cash-back promotion for new members who sign up on Monday (Oct. 25). Also, discounts are...

Retail
New Study: Checkout Frictions Rise as Some Merchants Pull Back on Value-Adds
October 25, 2021

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...

Cross-border Payments
Thunes Leans on Xoom for Broader Worldwide Reach 
October 25, 2021

Global cross-border payments network Thunes on Monday (Oct. 25) said it’s teaming up with PayPal digital remittance service Xoom to allow customers in the U.S. Canada, the U.K. and Europe to send money to mobile wallets across the globe.  Get the Full Story Complete the...

Payment Methods
Choice and Convenience: Defining Consumer Payments Today
October 25, 2021

In “The Way Payments Are Now Done,” 33 payment executives discuss what payments’ “new normal” looks like. Ron Dichter, chief revenue officer at Fortis, explores how consumers’ payments preferences drastically changed when the world shifted to digital. Get the Full Story Complete the form to...

Investments
Thrasio Grabs $1B+ in Private Funding Round 
October 25, 2021

Thrasio Holdings Inc., a third-party aggregator of Amazon products, has raised more than $1 billion in private funding, according to a Bloomberg report Monday (Oct. 25).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Discounts Harder to Find Amid Supply Chain Bottleneck
October 25, 2021

The traditional discounts and specials related to the holiday season will be fewer and further between this year as shoppers are likely to pay close to full price on just about everything on their holiday lists this year, according to a report Monday (Oct. 25)...

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...