News

eCommerce
Amazon Calls Out Bloomberg: “Their Story And Sources Are Wrong”
May 29, 2019

The shortened work week got off with a bang, as a report in Bloomberg made the rounds that indicated a long-suspected culling of Amazon marketplace smaller suppliers has officially arrived.   Or to borrow the more dramatic language of many, many headlines written yesterday, “the...

Investments
SoFi Raises $500M, Valuation Remains $4.3B
May 29, 2019

Social Finance (SoFi), a personal finance company, has raised half a billion dollars in a funding round led by Qatar, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Treasury Dept. Puts Nine Countries On Watch List Over Currency Practices
May 29, 2019

The Treasury Department announced Wednesday (May 29) in a report to Congress that of the 21 major U.S. trading partners, only nine need further scrutiny because of their currency practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Plaid Launches In UK
May 29, 2019

Plaid, the FinTech that enables apps to access consumers’ financial information, announced it is entering the European market, starting with the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Legal Cannabis Retail Gets Big, Feminine And Luxurious
May 29, 2019

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. Get the Full...

Retail
Tapping Into Unattended Retail For Healthy, On-The-Go Fare
May 29, 2019

To bring nutrient-dense meal options into buildings, prepared meal companies are turning to unattended retail. Alpaca Market, for instance, has a network of vending machines and smart fridges in Austin, Texas. The company’s Founder and CEO Joe Kerby told PYMNTS in an interview that the...

Retail
Creating Eco Commerce That Is As Experiential As It Is Commercial
May 29, 2019

As a consumer, going green is both very easy and very difficult. Easy because there is no shortage of “eco-friendly” products on the market. To get a quick sampling of this, simply search for “reusable straw” on Google or Amazon and see the literal scores...

Retail
Samsung Eyes Smartphone Sales Growth In India
May 29, 2019

With a new array of budget-friendly devices, Samsung Electronics is looking to double its online sales of smartphones in 2019 to reach $1 billion in India. Smartphones, as well as fashion, are said to be some of the most popular purchase categories in the country’s...

Retail
DICK’S Sporting Goods eCommerce Sales Rise 15 Pct In Q1
May 29, 2019

With better-than-expected revenues and earnings, DICK’S Sporting Goods’ eCommerce sales jumped 15 percent in the first quarter. The company’s overall reported quarterly earnings beat estimates of analysts as the company increased its outlook for the full year, CNBC reported. Get the Full Story Complete the...