News

Delivery
15-Minute Grocery Delivery Service Buyk Announces NYC Launch as Food eCommerce Speeds Up
September 15, 2021

After reports of its New York City launch circulated in August, Buyk, a 15-minute grocery delivery service founded by the creators of Russian grocery delivery service Samokat, announced Tuesday (Sept. 14) that it is officially launching in the city. Beginning in Manhattan, the company intends...

Partnerships / Acquisitions
Car Retailer Cazoo Acquires SMH Fleet Solutions 
September 15, 2021

U.K.-based online car retailer Cazoo on Wednesday (Sept. 15) announced its acquisition of vehicle prep, logistics and storage company SMH Fleet Solutions for approximately £70 million (almost $97 million) in cash from LDC and other minority shareholders.  Get the Full Story Complete the form to...

Regulation
SEC Chair Gensler Tells Capitol Hill That Cryptos, Stock Trading Platforms Need Updated Regulations
September 15, 2021

Mr. Gensler goes to Washington. 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...

Retail
Crowded Wellness Space Leaves Amazon, Walmart Market Shares Bedridden
September 15, 2021

Walmart still holds a lead over Amazon when it comes to health and personal care products, though increasing competition across the wellness space has both companies struggling to make any serious ground in the past two quarters. Get the Full Story Complete the form to...

Retail
Parachute Expands to Furniture in Bid to Own the Home
September 15, 2021

Direct-to-consumer (D2C) lifestyle brand Parachute is entering the furniture category with the launch of its first line of bed frames, as the company tries to take market share from bigger merchants in order to grow its business and become a part of every room in...

Retail
Constructor Raises $55M to Improve eCommerce Search
September 15, 2021

eCommerce search platform Constructor has raised $55 million in a Series A funding round, the company said Wednesday (Sept. 15), which will be used to improve new product discovery and search standards. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Ford, Argo AI and Walmart Bringing Driverless Delivery to Miami, DC and Austin
September 15, 2021

Ford Motor Company, Argo AI and Walmart have collaborated on plans for a driverless delivery service fleet in Miami; Washington, D.C.; and Austin, Texas, using Ford’s autonomous test vehicles that have the Argo AI Self-Driving System embedded to deliver Walmart orders. Get the Full Story...

Retail
Sustainable Package-Free Shipping Startup Olive Moves Into Beauty Space
September 15, 2021

Package-free shipping startup Olive is moving into the beauty sector after its initial launch in fashion, compiling shoppers’ purchases across multiple retailers into a single, reusable tote and bypassing the need for multiple cardboard boxes. Get the Full Story Complete the form to unlock this...

B2B Payments
B2B Site ‘Hello Raye’ Unveils 3D Rendering SaaS Tool for Furniture Buyers, Manufacturers
September 15, 2021

If a chair is available in 200 colors, it’s difficult to visualize the one you want. 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...