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Investments
PayPal Leads Investment In Crypto Tax Automation Startup TaxBit
January 07, 2021

Cryptocurrency tax automation software startup TaxBit said it has received a new round of funding led by new investors PayPal and Coinbase Ventures, along with existing backer Winklevoss Capital.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Partnerships / Acquisitions
NCR Acquires eCommerce Retail Platform Freshop
January 07, 2021

NCR Corp., which offers a point-of-sale (POS) platform, has acquired Freshop, an eCommerce company. The combined companies’ products, NCR said in a press release, “will give retailers, especially regional and small grocery chains, the ability to quickly deploy ‘buy-online, pick-up-in-store’ capabilities to serve their customers’ needs...

Retail
Grocery Roundup: 2020 Finishes Strong, Price Chopper Doubles Down On Digital
January 07, 2021

The new year is here, and the grocery business gets to finally close the book on a difficult and complicated 2020. But while the year may be over, the pandemic that defined it will be an issue for the foreseeable future. Still, according to several...

Retail
Today In Retail: Walgreens Pharmacy USA Registers $27.2 Billion In Sales; Bed Bath & Beyond...
January 07, 2021

In today’s top retail news, Walgreens Boots Alliance, Inc. reported that its Retail Pharmacy USA segment had $27.2 billion in sales for Q1 fiscal 2021, while Bed Bath & Beyond reported its digital sales increased by nearly double during its fiscal Q3. Plus, digitally native mattress and...

Retail
Digitally Native Mattress Firm Resident Raises $130 Million
January 07, 2021

Digitally native mattress and home goods brand platform Resident landed a $130 million investment headed up by Nexus Capital Management and Ion Crossover Partners with participation from Baron Capital Group in Q4 of 2020, according to a Thursday (Jan. 7) announcement. Get the Full Story...

Retail
Will Dollar Stores Fill The Void At Malls From Department Store Closures?
January 07, 2021

Department stores like Sears, JCPenney, Lord & Taylor and others have either gone under or closed hundreds of stores, threatening to take down shopping malls where they once served as anchor tenants — but dollar stores are booming. Could rapidly growing Dollar General, Dollar Tree...

Retail
Bed Bath & Beyond Nearly Doubles Digital Sales Even As Brick-And-Mortar Tanks
January 07, 2021

Bed Bath & Beyond reported Thursday (Jan. 7) that digital sales nearly doubled during the company’s fiscal third quarter even as overall sales fell 5 percent and the company lost more than $75 million. Get the Full Story Complete the form to unlock this article...

Retail
Why Designer Handbag Reseller Marque Luxury Is Opening Brick-and-Mortar Showrooms
January 07, 2021

High-end goods reseller Marque Luxury is bucking the trend of moving away from brick-and-mortar sites, augmenting its online platform for used designer handbags, accessories and jewelry by adding showrooms in New York and other major U.S. cities. Get the Full Story Complete the form to...

Investments
Games Platform Roblox Reels In $520 Million, To File Direct Listing
January 07, 2021

Roblox, which offers an online games platform, has raised $520 million in a funding round led Menlo Park, California-based Altimeter Capital and Dragoneer Investment Group. The company said in a press release that the venture round funding values the company at $29.5 billion and that...