News

Retail
Walmart Enters Pet Telehealth Space With Pawp Deal
May 23, 2023

Walmart is the latest player in the up-and-coming pet telehealth sector. The company has agreed to provide Walmart+ members a free year’s subscription to veterinary telehealth platform Pawp, according to published reports. The deal, expected to be officially announced Tuesday (May 23), comes as Walmart is using its Walmart+...

Retail
ASOS and Hirestreet Team to Offer ‘Wear-it-Once’ Rentals
May 23, 2023

With consumers focused on sustainability, British fashion retailer ASOS has launched a clothing rental program. The company on Tuesday (May 23) announced a partnership with rental marketplace Hirestreet, arriving in time for this year’s wedding season. “In the UK in 2023, the average cost of...

Retail
AI Fuels Farfetch’s Return to Growth
May 23, 2023

After experiencing two consecutive quarters of sales decline, Farfetch has experienced a remarkable turnaround, as indicated by its first-quarter 2023 earnings report. The online luxury retailer surpassed analysts’ projections by achieving 8% year-over-year (YoY) revenue growth. Encouraged by this momentum, the Farfetch is now placing significant...

Retail
Manicures Go Virtual With AR
May 23, 2023

As brands and retailers look to translate real-life experiences into the online realm, beauty and fashion tech solutions provider Perfect Corp. is looking to augment them. In its latest development, the artificial intelligence (AI) and augmented reality (AR) provider has teamed up with French green...

Investments
PE Outfits Selling More Discounted Shares in Portfolio Companies
May 23, 2023

Private equity operations are reportedly gloomy about their portfolio companies regaining their high valuations. That’s according to an analysis published Tuesday (May 23) by the Financial Times (FT), which finds these firms are increasingly selling shares in those companies at a discounted rate compared to...

B2B Payments
Fragmented Business Payments Data a Friction Point in Cash Flow Forecasting
May 23, 2023

In today’s challenging macroclimate, every competitive insight counts more than it ever did. That’s why activating an increasingly rich tapestry of internal accounts receivable (AR) data through analytics and reporting can help businesses optimize their cash flow forecasting, improve days sales outstanding (DSO), and foundationally...

Banking
JPMorgan On Track to Deliver $1 Billion in Value Through AI
May 22, 2023

For J.P. Morgan, and as evidenced at its investor day on Monday (May 22), a few things remain the same. CEO Jamie Dimon will remain at the helm and said during the annual confab that “my intensity remains the same.” And when asked the timeframe of how...

B2B Payments
Car IQ Enables Vehicle Payment Solutions at Sinclair Fuel Stations
May 22, 2023

Car IQ Pay can now be used at 1,600 Sinclair fuel stations in 30 states. This technology connects the vehicle directly to the fuel pump, allowing fleet customers to pay for fuel without having to use a credit card, PIN or vehicle odometer reading, Car IQ said in a...

Retail
Amazon’s New Seller Promotions Underscore Small Business Ecosystem Buildout 
May 22, 2023

Amazon’s evolution of its commerce ecosystem includes building brands for smaller businesses. The latest promotional activity is, we note, a snapshot effort tracing back to the launch of the company’s third-party marketplace at the beginning of the millennium.   And as detailed by the company in...