Etsy’s stock has dropped following analyst concerns about decreased spending on the site. The investment bank Jefferies issued a “rare double downgrade” for the eCommerce company, Yahoo Finance reported Thursday (March 9), switching Etsy’s stock from the “buy” to “underperform” category. “Buyers are churning faster...
Fast fashion giant Shein is reportedly raising $2 billion as it prepares to go public. The Chinese online retailer has drawn investments from the United Arab Emirates’ sovereign wealth fund Mubadala, private equity company General Atlantic and venture capital outfit Sequoia Capital China, Reuters reported...
Uber could reportedly spin off its logistics business to focus more on delivery and ride-hailing. This move could mean either the sale of Uber Freight or turning the business into a separate publicly-traded company, Bloomberg News reported Wednesday (Mar. 8), citing sources familiar with the...
Though it’s still a work in progress, instant checkout’s appeal is undeniable. Emily Foshee, vice president of core products at Discover® Global Network, said unattended checkout is gaining steam in brick-and-mortar settings and will gain speed, so to speak, with the aid of advanced technologies....
Preventing fraud and identity theft is reportedly a key component of President Biden’s cost-cutting plans. The administration’s budget blueprint includes targeting fraud by bolstering the Justice Department teams that investigate criminal organizations — tripling the number of such teams — and aiming to reduce identity...
It’s an off-price retailer’s market. While large department stores ranging from Nordstrom to Kohl’s are struggling to find their footing, off-price retailers such as Burlington Stores are finding an opportunity to shine. PYMNTS research shows that nearly 70% of retail consumers expect significant price increases...
Berlin-based, female-led venture capital firm La Famiglia has raised $264 million. The company announced the funding Wednesday (March 8) on its LinkedIn page, saying it would be used to fund B2B tech firms in Europe and the United States. “Our growth co-investment fund allows us...
Mashreq and i2c have partnered to offer digital payment solutions in the United Arab Emirates (UAE). With this collaboration, Mashreq, a leading financial institution in the region, will leverage i2c’s software-as-a-service (SaaS) payment and banking solutions to provide new products to consumers, merchants and FinTechs, the companies said...
To boost membership and consumer spending beyond groceries, Walmart’s subsidizing at least some of the cost of its memberships. To that end, and as detailed in emails seen by PYMNTS promoting the chance to “save on Spring shopping,” American Express Platinum Card holders can get...
