News

Delivery
Grocers Aim To Shift Home Delivery To Offices As Consumer Return To Work
June 10, 2021

Online grocery delivery ordering has surged since the start of the pandemic, as a behavior that may have initially started as a safety measure has since become a habit. However, as much as consumers have grown used to the ease of deliveries right at their...

Regulation
5 Antitrust Bill Drafts On Tap Aimed At Big Tech
June 10, 2021

U.S. House of Representatives lawmakers are in the midst of finalizing drafts of five laws targeting Big Tech, Reuters reported, citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Restoration Hardware CEO Says Difference Is ‘Plants Don’t Die In Our Stores’
June 10, 2021

If you’ve never been inside a Restoration Hardware location or listened in on an RH earnings call, you might not understand why this $15 billion furniture retailer has so differentiated itself from the pack that its stock has gone from $70 to $700 in the...

Retail
Faire’s Fundraise Pushes Valuation To $7 Billion As Independent Retail Recovers
June 10, 2021

Faire, an online wholesale marketplace for retailers and brands, has landed $260 million in funding headed up by Sequoia Capital at a valuation of $7 billion. The infusion comes after the company announced its Series E round at a valuation of $2.5 billion in November,...

Retail
Miley Cyrus Becomes Creative Adviser To Hims & Hers
June 10, 2021

Miley Cyrus has joined telehealth platform Hims & Hers as a creative adviser, according to an announcement. 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...

Investments
Klarna Lands $639 Million, Valuing BNPL Company At $45.6 Billion
June 10, 2021

Buy now, pay later (BNPL) company Klarna has landed $639 million in venture funding. In a Thursday (June 10) announcement, the company said it would use the new funds to expand internationally and further capture retail customers. Get the Full Story Complete the form to...

Retail
GameStop’s Post-Meme Transformation Takes Two Steps Forward
June 10, 2021

In the wake of GameStop’s dual C-suite and better than expected first-quarter earnings announcements Wednesday (June 9), a strange thing happened to the embroiled specialty retailer: nothing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
A Proactive Strategy To The Existential Crisis Of An SMB Cyberattack
June 10, 2021

News that the U.S. government recovered more than $2 million from ransomware attackers whose victim, Colonial Pipeline, paid the ransom sparked conversations yet again about whether businesses should cough up the money cyberattackers demand. Get the Full Story Complete the form to unlock this article...

B2B Payments
FinTechs Dive Into Multi-Rail Strategy To Combating B2B Payments Friction
June 10, 2021

This week’s look at the latest in payment rail innovations finds FinTechs embracing the strategy of deploying multiple networks to combat a variety of pain points in B2B payments. Whether it’s streamlining cross-border transactions or accelerating small business payments, innovators are collaborating to boost payment...