News

Retail
Battle For Pet Retail Dominance Gains Fresh Fuel
May 07, 2019

Walmart is the latest example of the power of pets in retail — a power that is having significant influence among various merchants competing for the loyalty and dollars of pet owners. As well, if done well, pet retail can serve to increase foot traffic...

Investments
Ride-Hailing Startup Gett Nets $200M In Funding
May 07, 2019

Gett, an Israel-based ride-hailing startup that focuses on high-end B2B clients, has raised $200 million, which places its value at $1.5 billion, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Citi Treasury Eyes Verification Tech To Support Faster Payments
May 07, 2019

Citi’s Treasury and Trade Solutions (TTS) is rolling out a new identity and account verification solution for corporate treasurer clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Fifth Avenue Vacancies Reflect Uptick In Retail Closures
May 07, 2019

As retailers shutter locations from the heartland to big cities, the latest update on the state of retail from New York’s storied Fifth Avenue says that rents are falling and vacancies are rising – showing that even a flagship address can’t escape the realities of...

Delivery
Amazon’s One-Day Shipping Pledge Boosts Logistics Startups
May 07, 2019

Amazon’s announcement that it plans to inject $800 million to facilitate next-day delivery has created opportunities for logistics startups that can help retailers remain competitive against the eCommerce giant, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this...

Banking
Citi Lures Depositors With Credit Card-Like Perks
May 07, 2019

Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking has grown larger. To combat this, Citi has begun testing perks for credit cards to encourage customers to get other banking products. Get...

Investments
Warehouse And Logistics Startup Flexe Raises $43M
May 07, 2019

A Seattle-based startup that manages an on-demand warehouse marketplace has raised $43 million in a Series B funding round, according to reports. Flexe has found a niche that will help its efforts to wrest marketplace control away from Amazon and provide customers with an alternative...

Retail
How Crowdfunding Is Changing Wedding Gifting Etiquette
May 07, 2019

For couples planning weddings this spring, the big day may get the majority of their focus, but the honeymoon will command a large share of their spend. Among couples that opt for a traditional wedding (defined in this case as any non-elopement), nearly all will...

Retail
Can Air Travel Ticketing Subscriptions Take Off?
May 07, 2019

Travelers have purchased individual airline tickets for years, but digital innovators are allowing them to buy a set number of one-way trips ahead of time. Take Wanderift, which provides this opportunity to customers who purchase a subscription. Zachary Burau, the company’s founder, told PYMNTS in...