News

IPO
Nuvei Offers 1.5M Voting Shares in US IPO
October 05, 2021

Global payments technology platform Nuvei Corporation on Tuesday (Oct. 5) announced it’s selling 1.5 million subordinate voting shares in the company in the U.S. and Canada as its initial public offering (IPO) in the U.S. Get the Full Story Complete the form to unlock this...

Investments
Brazilian Trade Platform ZAX Raises $6M in Series A
October 05, 2021

Brazilian business-to-business (B2B) trade platform ZAX raised $6 million in a Series A funding round led by Atlantico, with participation from FJ Labs, Caravela Capital, GFC and Canary, bringing the startup’s total capital raised to $8.3 million, TechCrunch reported. Get the Full Story Complete the...

Delivery
Instacart Fires Back at DoorDash With Prepared Meals Partnership
October 05, 2021

In the early months of the pandemic, as consumers turned to delivery options to meet their food needs, they had three main options: grocery, restaurant or meal kit. As delivery sales remain elevated even as mobility has increased, major players from each of the categories...

Retail
Target Offers Bonuses to Work During Busiest Holiday Shopping Days
October 05, 2021

Target said in a blog post on Tuesday (Oct. 5) that it will pay hourly employees in its stores, service centers and supply chain positions — along with some workers in the headquarters and seasonal employees — a $2 hourly bonus for each hour they...

Retail
Take Two: Formerly Troubled Retailers Seek Fresh Start With IPOs
October 05, 2021

In filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), jewelry and accessory retailer Claire’s joins an exclusive club of companies that are looking to capitalize on the recent retail resurgence despite emerging from bankruptcy less than three years...

Retail
Mass Store Closures, Once a Sign of Trouble, Now Signal Retail’s Digital Shift
October 05, 2021

When a retailer closes over 200 stores within a nine-month period, it can often mean that things are not going well — sales may be falling or traffic may be dropping, and executives could be looking to cut costs. Get the Full Story Complete the...

eCommerce
Video eCommerce Platform Immerss Brings Services to Shopify Merchants
October 05, 2021

Live video eCommerce and chat platform Immerss announced Tuesday (Oct. 5) the rollout of its Immerss Shop Live app in the Shopify App Store, which will let Shopify merchants create in-person virtual shopping experiences. Get the Full Story Complete the form to unlock this article...

Retail
Rent the Runway Sees Subscribers Rebound From Pandemic’s Depths 
October 05, 2021

The subscription economy is en vogue. 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...

B2B Payments
Compared to Modern APIs, Legacy EDIs Seen as ‘Irrelevant’ and Slowing B2B Transactions
October 05, 2021

As the world has become more digital and commerce has increasingly moved online, the decades-old electronic data interchange (EDI) technology has garnered a sullied reputation, especially with more direct-to-consumer (D2C) brands looking to sell products through enterprise retailers. Get the Full Story Complete the form...