In the face of rising online sales and increased social commerce, Walmart said on Thursday (May 13) that it will acquire virtual fitting room firm Zeekit, an Israeli artificial intelligence (AI) startup, with the goal of boosting its efforts on both the eCommerce and fashion...
Chinese eCommerce giant Alibaba said it plans to seek growth in new international markets after closing the books on a record year that saw it topping 1 billion active users and doing a record $1.2 trillion of gross merchandise value sales on its platforms. Get...
The surging secondhand clothing resale business got a double dose of optimism from two separate reCommerce platforms on Wednesday (May 12), as both Poshmark and ThredUP told investors they were expecting increased sales as the economy continues to reopen in the second quarter and beyond....
Canada Goose, a performance luxury apparel maker, reported that total revenue surged by roughly 48 percent from $140.9 million in Q4 fiscal 2020, reaching $208.8 million in Q4 fiscal 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
With pandemic scams on the rise, two U.S. senators are calling on the Federal Trade Commission (FTC) to increase the agency’s efforts to protect consumers from travel fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
YETI reported that net sales jumped by roughly 42 percent to $247.6 million in the three months ended April 3, 2021 from $174.4 million in the three months ended March 28, 2020. Get the Full Story Complete the form to unlock this article and enjoy...
U.S. Bank, the fifth largest bank in the U.S., has joined with FinTech company Plaid in an open finance partnership. The collaboration will allow their millions of customers to manage their accounts and connect to FinTech apps and services, the two companies said in a Thursday...
JPMorgan Chase, Wells Fargo and U.S. Bancorp are among the big U.S. banks working on a government initiative to get credit into the hands of people with no or low credit scores, The Wall Street Journal reported on Thursday (May 13), citing sources. Get the Full...
Fintech Rho Technologies announced on Thursday (May 13) by a press release emailed to PYMNTS that it is launching the Rho Card. Rho said it is the first bank-issued corporate card that lets companies manage cash back, credit terms, spend control and policies, “all on...
