Uber competitor Bolt is not putting all its eggs in its ride-sharing basket. Instead, the European company is using 600 million euros (nearly $713 million) generated in a recent funding round to bolster its new grocery delivery service, Bolt Market, the company announced on Monday...
Nigerian FinTech startup Kuda Bank notched $55 million in a Series B funding round at a $500 million valuation as the digital bank seeks to expand into other countries across Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
With Hong Kong remaining cut off from tourism, retail sales growth has missed expectations, Bloomberg News reported on Monday (August 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The global online grocery space continues to get more crowded. Not only do new e-grocery companies enter the ring each month, but existing companies from other industries have been making their own entries into the space. Bolt (the Estonia-based multinational mobility platform, not the San...
Acima, the virtual lease-to-own (LTO) FinTech arm of Rent-A-Center, Inc., on Monday (Aug. 2) rolled out a digital platform focused on improving the retail leasing experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As of today, L Brands is no more. Nearly 60 years after businessman Les Wexner borrowed $10,000 to open The Limited’s first location in Ohio, the company’s two remaining brands — Victoria’s Secret and Bath & Body Works — are charting their own paths as...
The past several weeks have seen one glowing earnings report after another for retailers and eCommerce companies. In toys, Mattel and Hasbro both saw strong sales between April and June, and shoemakers Skechers and Crocs said they’ve seen increased demand for their products as consumers...
Athletic footwear and apparel retailer Foot Locker is planning to acquire two smaller footwear retailers for a combined $1.1 billion as the company looks to grow beyond malls and accelerate its digital strategy. Get the Full Story Complete the form to unlock this article and...
Bed Bath & Beyond Inc. on Monday (Aug. 2) announced an exclusive retail partnership with home cleaning product company Safely that brings the product line into 750 Bed Bath & Beyond stores across the U.S., as well as buybuy BABY and Harmon locations and all...
