eCommerce marketplace Bids.com notched more than $1.7 million in funding, exceeding its initial funding goal of $1 million for a first-round valuation of $10 million, according to an announcement. The company said it is gearing up for its second round of financing that “currently values...
Macy’s Inc. reported that its reopened stores are “performing better than anticipated” in its preliminary first-quarter 2020 financial results. The department store retailer said it had roughly 450 retail locations reopened by June 1, with many opened in their complete format, and that curbside pickup...
Remember when omnichannel was “the thing” that would save retail? More recently it’s been payments choice. As summer 2020 gets underway and reopening along with it, digital as a way of operating smarter and faster … without having to touch anything … is the surest...
In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of respondents said they are “very” or “extremely” likely to consider a firm’s digital offerings when deciding where to spend their...
The financial services community continues to rally around America’s small- to medium-sized businesses (SMBs) with the understanding that Main Street remains the backbone of economic recovery. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Adoption of faster payments infrastructure is on the rise, particularly in the payroll sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
WeWork is considering ending its plans for WeLive, its communal living program based in Crystal City near Washington D.C., Bloomberg reports from anonymous sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Betting going public will take advantage of a resurgence as the market recovers from COVID-19, Lemonade Inc., the technology-driven startup, has filed an initial public offering (IPO), the company announced Monday (June 8). Get the Full Story Complete the form to unlock this article and...
In an effort to help organizations bolster client loyalty and employee engagement, Uber for Business is rolling out vouchers for Uber Eats. The Uber division said the vouchers provide organizations with flexibility over what and how they spend on meal options, letting them make individual...
