News

Investments
SoftBank’s Vision Fund Startups See Spate Of Layoffs
January 10, 2020

As far as investments go, SoftBank’s Vision Fund’s recent bumps and bruises, and the state of many of its once high-flying holdings, bring to mind that scene in a long-ago Monty Python movie focused on the Holy Grail. In that film, the plague has struck, and...

IPO
Mattress Maker Casper Files IPO After $92M Loss In 2018
January 10, 2020

Privately held Casper Sleep filed regulatory paperwork on Friday (Jan. 10) to take the company public on the New York Stock Exchange. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
Top News In Payments: Grubhub Denies Sale Rumors; PayU Acquires India FinTech PaySense
January 10, 2020

In today’s top news, Grubhub denies claims that it is considering an acquisition, triggering a 6.7 percent drop in share prices, and Netherlands payments firm PayU buys a majority stake in the India FinTech PaySense. Also, U.S. Chamber of Commerce leader criticizes presidential candidates for...

Retail
Despite Amazon Relationship, Kohl’s Has Sour Holiday Season
January 10, 2020

The year is off to a less-than-stellar start for Kohl’s. 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 Today. By completing this...

Retail
Retail Pulse: Luckin Taps Into Automated Retail; Little Caesars To Team With DoorDash
January 10, 2020

Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Robots Are Just One Way Big-Box Retail Is Driving Innovation
January 10, 2020

Big-box retail is getting a refresh for 2020, at least in some parts. 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 Today....

Retail
Zomato Notches $150M In Funding From Ant Financial
January 10, 2020

As part of a fresh raise from a current investor, India’s Zomato has notched $150 million in funding. The total valuation of the FoodTech unicorn stands at approximately $3 billion after the funding, according to unnamed sources cited in a report. Get the Full Story...

Retail
Bed Bath & Beyond’s Shares Plummet On Q3 Earnings Miss
January 10, 2020

After Bed Bath & Beyond Inc. pulled its year forecast following its missed Q3 estimates, the home goods retailer’s stock fell to its lowest intraday level as of Nov. 25. Holiday sales reports that were disappointing from JCPenney and Kohl’s also put pressure on the...

Partnerships / Acquisitions
Western Union, Du Xiaoman Boost Real-Time Payouts In China
January 10, 2020

Global payment services firm Western Union is partnering with Du Xiaoman Financial (formerly FinTech Baidu Finance) to roll out real-time international money transfers to more Chinese bank accounts, the companies announced on Friday (Jan. 10). Get the Full Story Complete the form to unlock this...