News

Retail
Today in Retail: Peloton Slips Into Private-Label Apparel; Shipt Launches Largest Expansion in 3 Years
September 09, 2021

In today’s top retail news, connected fitness giant is launching its own private-label line of apparel, while Shipt is adding close to 1,000 stores and widening its reach to include more than two million households in a coast-to-coast expansion. Also, luxury furnishings retailer RH says...

Retail
3 Friction Points Slowing the Adoption of Self-Checkout for Grocers
September 09, 2021

Across retail categories, consumers are increasingly opting for self-checkout. At the grocery store, rather than waiting in the same long lines multiple times each week, shoppers are taking advantage of the opportunity to take checkout into their own hands — and the trend has accelerated...

eCommerce
Alibaba.com Debuts New Dropshipping Tools, SMB Grants
September 09, 2021

Alibaba.com is looking to support U.S. small and medium-sized businesses (SMBs) with the introduction of new dropshipping services and a $500,000 grants program to help existing eCommerce platforms, the company said in a press release on Thursday (Sept. 9). Get the Full Story Complete the...

Investments
Varo Bank Raises $510M for Customer Growth, Tech Innovation
September 09, 2021

All-digital bank Varo Bank has closed a funding round with $510 million, according to a press release. 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...

Retail
34% of Consumers Buy at Least Some of Their ‘Usual’ Groceries Online
September 09, 2021

The continued shift toward digital commerce has changed the way we as consumers shop, pay and acquire the groceries we need to sustain us. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
No Time to Wait: PYMNTS Data Show Consumers Eager to Skip Checkout Lines
September 09, 2021

Call it a sign of the digital times, but new data show that in-store shoppers have come to expect digital features and a customer experience that are equivalent to what they’ve grown accustomed to when shopping online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
US Commerce Department Launches National AI Advisory Committee
September 09, 2021

The U.S. Department of Commerce has put together a committee to advise President Joe Biden and other federal agencies on issues related to artificial intelligence (AI), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Facebook Launches Smart Glasses Line, Ray-Ban Stories
September 09, 2021

Sunglasses are sort of a universal shorthand for “cool,” but can they be cool and smart? Facebook certainly hopes so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Delivery
Shipt Adds Same-Day Delivery in More Locations as Part of US Expansion
September 09, 2021

Shipt on Thursday (Sept. 9) announced it’s adding same-day delivery service to more of its stores as part of its largest expansion in three years, a move that will help the personal shopper and same-day delivery service reach millions of potential new customers. Get the...