Hasbro, the world’s largest toymaker, said on Monday (Feb. 8) that its gaming and entertainment units drove sales last quarter, as homebound shoppers in the U.S. and Canada bought more games to keep kids occupied during the COVID-related shutdowns and restrictions. Get the Full Story...
In today’s top news, Oscar Health filed for an IPO, and Robinhood borrowers are 14 times more likely to default on loans. Plus, Hyundai denied that it’s in talks with Apple about developing its self-driving car. Get the Full Story Complete the form to unlock...
Getaway, a Brooklyn, New York-based company that leases tiny cabins in the woods, says it has raised $41.7 million in Series C funding and will use the capital to expand across the United States. In a news release announcing the investment, the company stated that...
Amid COVID-19 and pressure from activist investors to speed up expansion, Twitter Inc. is reportedly developing a subscription product to lessen its reliance on advertising, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
TikTok has plans to dive headfirst into eCommerce, taking aim at Facebook’s social shopping tools, the Financial Times reported, citing advertisers who have seen the video app’s plans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As many people around the world wait to receive the vaccine, most consumers continue to favor off-premises dining. In fact, in the U.S. alone, consumers spent about $486 billion on food eaten at home in 2020, according to estimates in PYMNTS’ Delivering on Restaurant Rewards...
Target’s “All in Motion” line of workout clothes and exercise equipment, launched just last year, has struck pay dirt during the pandemic. All in Motion — which includes everything from sports bras to hand weights to yoga mats — has become “a billion-dollar brand.” Get...
Social commerce, a seemingly natural enough concept, has struggled to get off the ground in the U.S. Social media is an excellent place to advertise goods and services, but the success rate in using it to buy and sell directly is a good deal more...
Sales at U.S. department stores did something last month they haven’t done in a while: They grew. In fact, the 1.5 percent year-on-year increase posted collectively by the nation’s large retail chain stores was the first time since 2019 that this battered and diminished segment...
