It was once said, “The RealReal is a total mess and I can’t quit it.” That said, keeping up with the company’s progression has been an engrossing tale to follow, as it has looked to various ways to craft its path to profitability but continues...
Etsy continues to rework its positioning to encourage consumers to think of Etsy as a go-to destination for all things shopping, instead of a niche platform for handmade and vintage items. The company is launching its Wedding Registry experience, in a bid give customers more...
Artificial intelligence (AI) platform Everseen has raised $71 million to help retailers prevent theft. The Irish company, whose computer vision technology can block theft at self-checkout stations, announced the Series A round, led by Crosspoint Capital, in a Thursday (May 11) press release, saying it...
Blackstone wants to give regional banks more lending power ahead of a looming credit crunch. Jon Gray, president of the private equity giant, told the Financial Times in an interview published Thursday (May 11) that his firm was in discussions with large regional banks in...
A lot changes in just a few months. Through the past few weeks, several banks have failed. Businesses have been roiled by concerns about their cash, about being able to access funds when needed. Inflation, of course, has been running rampant, lending an extra sense...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Mesh Payments CFO Anna King says CFOs don’t have the luxury of assuming the current company spend is the best...
The move to streamline and speed domestic and cross-border payments is rooted in better data exchange. The financial services industry has been readying itself, and in some cases has found itself less-than-ready, to embrace ISO 20022, the global messaging standard that structures payments data, automates...
Netherlands-based multinational grocer Ahold Delhaize said digital and omnichannel engagement and store modernization efforts are paying off, particularly for its U.S. brands. Reporting first quarter 2023 earnings on Wednesday (May 10) Ahold Delhaize President and CEO Frans Muller discussed trends impacting the grocery giant, telling...
For the online car platforms, the path towards profitability is a bumpy one … … and the macro pressures are hardly in the rearview mirror. Earnings commentary from some of the major players in the space show that revenues have fallen as the retailers have...
