News

Retail
Target, Kohl’s Give Health And Beauty Partnerships A Makeover
December 01, 2020

The pandemic, and the stay-at-home lifestyle it brought, has altered the beauty routine of the average consumer. Lipstick sales as of this fall had crashed over the last six months, as homebound and mask-wearing consumers suddenly found lipstick was more of a messy bother than it...

Retail
Today In Retail: GoSite Raises $40 Million In Series B; Southern Glazer’s Launches B2C Digital...
December 01, 2020

In today’s top retail news, small business digital platform GoSite has notched $40 million in a Series B round, while Southern Glazer’s has unveiled a business-to-customer online commerce team. Plus, Cyber Monday was not as big a success as the numbers predicted. Get the Full...

News
Today In Payments: Amazon Sellers Ring In $4.8 Billion In Holiday Sales; DoorDash Valuation Could...
December 01, 2020

In today’s top news, sellers on Amazon made more than $4.8 billion from Black Friday through Cyber Monday, and DoorDash could see a valuation of $28 billion from its IPO. Plus, Apple Fitness+ could launch soon, after some fitness instructors have hinted at its approach....

B2B Payments
Alternative Lender eCapital Buys UK-Based Advantedge Commercial
December 01, 2020

Alternative lender eCapital is expanding its global footprint by acquiring U.K.-based Advantedge Commercial Finance, according to a Tuesday (Dec. 1) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Payment Methods
Blackhawk Network Introduces Tools To Advance Digital Payments
December 01, 2020

Blackhawk Network is introducing a suite of tools merchants can use worldwide to connect digital and physical payments, the company said in a Tuesday (Dec. 1) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Consumers Don’t Like Shopping In Physical Stores — Here’s Why
December 01, 2020

The digital-first nature of this year’s holiday shopping season has gone from theory to reality in short order. The unofficial official start of the 2020 holiday shopping season was Prime Day in early October, bumping out Black Friday in late November. By the time the...

International
OYO CEO Talks IPO, Funding As Hotel Startup Fights To Recover
December 01, 2020

After expansion woes and COVID-19 setbacks, Indian-based OYO – a hotel chain heavily backed by Japan’s SoftBank Group – is on its way back, the CEO says. Bloomberg News reported that Ritesh Agarwal, Oyo’s founder and CEO, recently told employees that the Indian startup has about $1 billion...

Retail
Black Friday Data: Amazon Tightens Digital-First Market Share Grip
December 01, 2020

Amazon’s grip on the online shopping industry appears to be tightening. A new survey of Black Friday shoppers from PYMNTS showed the Seattle retailing giant dominated its rivals in the traditional post-Thanksgiving holiday season kickoff. Get the Full Story Complete the form to unlock this...

News
Today In Digital-First Banking: ECB President Warns Of Stablecoin Risks; Velo Labs Collaborates With Lightnet,...
December 01, 2020

In today’s top news in digital-first banking, European Central Bank (ECB) President Christine Lagarde cautioned that stablecoins could be a risk to monetary sovereignty, while Velo Labs is working with Visa and Lightnet on lending in Asia. Plus, the Central Bank of Iceland (CBI) is...