News

Retail
Retail Pulse: More Closures And In-House Brand Sales For Sears
June 01, 2018

Things are not looking good for Sears as 63 more stores hit the chopping block — although, if one is looking for a silver lining, that number was initially supposed to be 72. However, the retailer has identified 100 unprofitable Sears and Kmart stores, meaning...

Retail
Pinterest Unveils Promoted Video Tool
June 01, 2018

Advancing its advertising efforts, Pinterest said that it plans to offer a promoted video tool, which allows marketers to gain more real estate than the platform’s typical grid-style layout, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Delivery
Costco’s eCommerce Sales Rise 37 Percent In Q3 Amid Omnicommerce Push
June 01, 2018

As Costco amps up its omnichannel offerings, the warehouse club is seeing that its efforts are paying off: The retailer reported that total eCommerce sales were up 37 percent year over year as of the third quarter. In addition, the company’s eCommerce sales were up...

B2B Payments
Tradeshift Among Leaders In B2B VC Activity
June 01, 2018

From $250 million for Tradeshift to a $2 million pre-Series A funding round, VC activity in the B2B space was varied in scope and size. The themes? Global expansion and using tech to make traditional B2B processes (and materials) a bit more streamlined and modern....

B2B Payments
QuickBooks Offers Direct Deposit for B2B Independent Contractors
June 01, 2018

A product launch from QuickBooks seeks to profit from one of the main ongoing trends in payments now: getting wages to independent contractors as quickly as possible. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Ridesharing
Uber Raises Fares In Major US Cities
June 01, 2018

To help retain drivers on its platform, Uber is raising its fares in cities such as Washington, D.C., San Francisco and Los Angeles. The increases have come to both “time and distance” rates as well as “booking fees,” Financial Times reported. Get the Full Story...

Bitcoin
M&A, Bitcoin Trading Adds $8B In Market Cap To Square
June 01, 2018

Shares of Square have risen almost 50 percent, adding about $8 billion in market value, since the company launched bitcoin trading last year for its Cash App customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Chime Mobile Bank Lands $70M
June 01, 2018

This latest round of funding brings the company to over $100 million in total funding to date and values the business at around $500 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Ridesharing
Mobike Wrestles With Bike Theft In Mexico City
June 01, 2018

Mobike, the Chinese bike sharing company, is dealing with a growing problem of theft in Mexico City, the market it entered this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...