News

IPO
FinTech-Centered SPACs, Platform IPOs Dominate October’s First Week
October 08, 2021

Special purpose acquisition companies (SPACs) continued to dominate the listings landscape in the past week, with particular focus firms on FinTechs and real estate combinations. Platform firms, too, continue to grab their share of headlines. Get the Full Story Complete the form to unlock this article...

Retail
Chinese Tourism Spending Down During Week-Long National Holiday
October 08, 2021

Chinese consumers spent about 1.64 billion yuan ($252.3 million) on luxury goods at nine duty-free shops in southern island province Hainan in the first six days of the week-long National Day holiday that ended on Thursday (Oct. 7), according to a CNBC report. Get the...

Retail
Adidas Leans on Partnerships for Fresh Revenue Amid Strategic Realignment, Crimped Supply
October 08, 2021

A series of collaborations and partnerships are setting Adidas up to follow through on its digital and direct-to-consumer (D2C) growth ambitions, meeting consumers where they are instead of waiting for the feet to find them. Get the Full Story Complete the form to unlock this...

Retail
AMZN vs WMT Weekly: Logistics Take Center Stage Ahead of Bring-It-to-Me Holidays
October 08, 2021

Walmart’s last-mile delivery network got a stamp of approval this week from rival retailer The Home Depot, which signed on be the first retail client to use the box store chain’s white-label delivery-as-a-service platform, called Walmart GoLocal.  Get the Full Story Complete the form to...

Retail
UK Brick-and-Mortar Retail Scene Equipped to Handle Amazon Entry
October 08, 2021

After the launch of its first 4-star store in New York in 2018, Amazon has chosen the U.K.’s Bluewater shopping center in Kent as the location of its first 4-star shop outside the U.S. Get the Full Story Complete the form to unlock this article...

Retail
CarGurus Expands Instant Max Cash Offer to More US Markets
October 08, 2021

CarGurus on Friday (Oct. 8) announced it is expanding its Instant Max Cash Offer digital retailing feature to 11 new states and Washington, D.C., enabling nearly half of U.S. consumers to utilize the service. Get the Full Story Complete the form to unlock this article...

Retail
Department Stores Betting on New Beauty Products to Drive Sales
October 08, 2021

After years of falling traffic and struggling sales that culminated in last year’s bankruptcy filing, JCPenney is embarking on a massive push into the prestige beauty space, hoping to bring back customers and replace its former in-store partnership with Sephora. Get the Full Story Complete...

Payment Methods
UniCredit Teams With JPMorgan on SWIFT Go for Cross-Border Payments
October 08, 2021

UniCredit and J.P. Morgan are teaming up to advance the SWIFT Go project that gives individuals and businesses the ability to make cross-border payments with complete transparency and increased security, according to a press release emailed to PYMNTS on Friday (Oct. 8). Get the Full...

B2B Payments
JPMorgan, AB InBev, Mars Say Direct-to-Consumer and B2B Platforms Represent ‘The Future of Shopping’
October 08, 2021

The ultimate value proposition for commerce, in the midst of the pandemic, is getting what you want, when you want it. The goods and services a consumer wants might always be available on retailers’ shelves – but also online, 24/7, available on platforms with the...