News

Retail
Circle K Leverages Beverage Subscription To Bring In Summer Customers
May 26, 2021

With a new program, convenience store chain Circle K is expanding the role of the beverage subscription service. We have already seen plenty of coffee subscriptions and direct-to-consumer (D2C) alcohol subscriptions. Now, Circle K’s Sip & Save beverage subscription expands the category to include subscriptions...

Acquiring
Glovo Takes Over Delivery Hero’s Balkan Business For $207 Million
May 26, 2021

Delivery platform Delivery Hero announced on Wednesday (May 26) that Glovo will acquire the company’s operations in the Balkans. 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...

Retail
Turning Retail’s Return Problem Into Its Next Reinvention Opportunity
May 26, 2021

One of the unanticipated and expensive consequences of consumers’ great digital commerce shift has been an explosion of retail returns clogging the system, but a spate of new tech and a growing consumer acceptance of it are poised to turn this costly challenge into a...

Payment Methods
REPAY Teams With Paysafe To Facilitate Online Cash Payments
May 26, 2021

Repay Holdings Corporation is teaming up with Paysafe to facilitate online cash payments to lenders and other merchants, the companies announced in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Acquiring
Amazon Strikes Deal To Buy Movie Giant MGM For $8.45 Billion
May 26, 2021

In a blockbuster deal, Amazon has agreed to buy Hollywood studio MGM and its legendary catalog and roaring lion logo for $8.45 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Global FinTech Paysend Closes $125 Million Funding Deal
May 26, 2021

Global FinTech Paysend closed a $125 million Series B funding round led by One Peak, with participation from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing investors including Plug and Play, the company announced in a press release emailed to PYMNTS. Get the Full...

Retail
It’s On: Amazon Confirms $8.5 Billion MGM Acquisition That Will Roil Streaming Video Space
May 26, 2021

The worst-kept secret in Hollywood was confirmed Wednesday morning (May 26) when Amazon announced that it had reached an $8.45 billion deal to acquire 100-year-old iconic film studio MGM. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Dick’s Outlines Bold, Experiential Retail Future After Record Q1 Results
May 26, 2021

Consumers are enjoying — and keeping — the active lifestyle changes they made during the pandemic, Dick’s Sporting Goods said on Wednesday (May 26) as it posted record first-quarter sales and earnings and raised its full-year forecast. Get the Full Story Complete the form to...

Retail
eCommerce Gifting Platform Snappy Notches $70 Million
May 26, 2021

Snappy, an eCommerce gifting platform, wrapped up a $70 million Series C funding round, bringing the firm’s overall funding to in excess of $100 million. GGV Capital headed up the newest investment, which saw the participation of current investors Hearst Ventures, Saban Ventures and 83North,...