News

Delivery
Kroger Tests Drone For Delivering Supermarket Goods To Customers
May 03, 2021

Kroger is launching a test of its new drone delivery program this week, the Cincinnati-based supermarket company announced in a Monday (May 3) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Social Commerce
TikTok Becoming Source Of Financial Advice For Young People
May 03, 2021

Would you go to TikTok for financial advice? If you’re among the younger people to whom the social media platform caters, the answer might be yes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Acquiring
Verizon Selling Media Business To Apollo For $5 Billion
May 03, 2021

Verizon said on Monday (May 3) that it is selling off its media business, which includes Yahoo and AOL, to private equity firm Apollo Global Management for $5 billion. The telecom giant will still own 10 percent of Verizon Media, which is simply being called...

Partnerships / Acquisitions
Dell Sells Boomi In $4 Billion Deal With Francisco And TPG
May 03, 2021

PC maker Dell Technologies has reached a deal to sell its cloud business, Boomi, to global investment firm Francisco Partners and private-equity platform TPG Capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Amazon Will Outgrow Walmart 3-to-1 Over Next Five Years
May 03, 2021

New research by PYMNTS shows that the long, steady revenue uptrend Amazon has posted over the past decade is set to continue and accelerate, not only breaking the current 9 percent domestic market share tie by the middle of next year, but also opening up...

Retail
Estée Lauder Says Makeup Sales Fall As Global COVID Impacts Persist
May 03, 2021

Estée Lauder, the country’s largest cosmetics firm, said Monday (May 3) that “soft demand” for makeup and continued COVID outbreaks around the world crimped its latest results, but said it was seeing signs of increased demand in Asia. Get the Full Story Complete the form...

Payment Methods
Nonprofit Digital Dollar Project Plans Five Tests For Concept
May 03, 2021

With cryptocurrencies like bitcoin beset by price spikes (and slides), a nonprofit organization plans to test the concept of a U.S. central bank digital currency in at least five pilot programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
7-Eleven Franchisees Object To 24/7 Store Hours
May 03, 2021

7-Eleven franchisees are calling on their franchisor to take another look at its requirement that retail locations begin their round-the-clock operations again starting on May 24, 2021, as they are “faced with a crippling shortage of labor, higher operating costs, lower gross margin and lower...

Retail
eCommerce Fishing Brand Catch Co. Raises $38 Million In Series B
May 03, 2021

Fishing brand, content and commerce platform Catch Co. wrapped up a $38 million Series B funding headed up by True Ventures along with participation from TechNexus, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...