As tech companies reported record-setting quarterly earnings revenues last week, one very familiar issue continued to loom large across the entire sector: the ongoing global semiconductor shortage – and it shows no signs of abating. Get the Full Story Complete the form to unlock this...
Global FinTech startup Rapyd on Tuesday (Aug. 3) announced a $300 million Series E funding round led by Target Global. Several new investors joined the round, including funds managed by Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds and Dragoneer, along...
As many grocery delivery services compete to offer the lowest prices, Amazon is taking a very different approach. The company informed shoppers on Monday (Aug. 2) that it is adding a $9.95 service charge for Prime members ordering from Whole Foods Market in five U.S....
Despite concerns that the spread of the COVID-19 Delta variant could impact consumer spending as pandemic anxiety rises again and mask mandates are reintroduced across the U.S., mall operator Simon Property Group is pushing forward as demand for leases increases. Get the Full Story Complete...
When Google stepped in last week with its new Retail Search product, it put a spotlight on the retail industry’s abandonment issues, wherein U.S. merchants lose out on $300 billion in sales because consumers can’t find what they’re searching for. Get the Full Story Complete...
Under Armour reported on Tuesday (Aug. 3) a better-than-expected 91 percent increase in year-to-year revenue to $1.4 billion for the three-month period ending June 30 despite an 18 percent fall in eCommerce sales in the quarter. Get the Full Story Complete the form to unlock...
The Clorox Company reported a 9 percent overall drop in year-to-year sales for the fourth quarter of fiscal 2021, ending June 30, pointing to slow shipments and a decrease in consumer spending as they worked through their pandemic stockpile of cleaning supplies. Get the Full...
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...
With Square preparing to acquire Afterpay for $29 billion, the buy now, pay later (BNPL) space is hotter than ever. The Square-Afterpay deal will see Afterpay integrated into both the Seller and Cash apps to offer BNPL services to a much wider range of merchants...
