A consortium led by China’s Alibaba and Baring Private Equity Asia has acquired a 5.5 percent stake in Vietnam’s Masan Group’s consumer-retail platform The CrownX for $400 million, the companies said in a Tuesday (May 18) press release. Get the Full Story Complete the form to...
In today’s top retail news, The Home Depot reported surging comparable sales, while Ally Lending has brought its financing services to Sezzle. Plus, Walmart posted better-than-expected top and bottom line growth on Tuesday (May 18). Get the Full Story Complete the form to unlock this...
Less than two weeks after a leaked memo showed that Walmart was fretting about losing share in its crucial grocery franchise, the brick-and-mortar giant said Tuesday (May 18) that it had actually increased it slice of the food and beverage category over the past 90 days. Get...
London-based HSBC is banking that there’s a big interest among small to medium-sized businesses (SMBs) in a multicurrency digital wallet. The company said that its new payments product will allow customers “to make international payments simply and securely.” Get the Full Story Complete the form...
Department stores are so 2020. At Macy’s, even though it defined the category for decades, the company worked hard during its earnings call Tuesday (May 18) to introduce a new phrase into its positioning. Get used to “a digitally-led omnichannel retailer.” That was the oft-repeated...
Ally Bank’s personal lending division, Ally Lending, has brought its financing services to retail payments platform Sezzle, according to a Tuesday (May 18) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The world’s largest brick-and-mortar retailer delivered better than expected top and bottom-line growth Tuesday (May 18), as Walmart said more customers bought merchandise online and were increasingly inclined to head into its 10,500 stores. Get the Full Story Complete the form to unlock this article...
The Home Depot reported that comparable sales for the first quarter of fiscal 2021 surged by 31 percent and comparable sales in the U.S. jumped by 29.9 percent from the same period last fiscal year, according to a Tuesday (May 18) announcement. Get the Full...
Extend, which provides extended warranty and product protection plans for merchants and shoppers via application programming interface (API)-first offerings, unveiled a SoftBank Vision Fund 2-led $260 million Series C funding round, according to a Tuesday (May 18) announcement emailed to PYMNTS. Get the Full Story...
