News

Retail
Instacart Deploys Scan & Pay as In-Store Shoppers Demand Digitization
February 06, 2023

Instacart’s first Scan & Pay checkout deployment comes as in-store mobile features catch on among grocers. The grocery aggregator announced Monday (Feb. 6) that Foodcellar Market, a grocer in Queens, New York, is the first to offer the own-device self-service option to all in-store customers....

Retail
Grocery Shelf Space Fight May Not Be Worth It For Pet Brands
February 06, 2023

Traditionally, nabbing a slice of shelf space was invaluable for any brand hoping to gain recognition and market share. However, that may no longer be the case as over half of consumers have abandoned buying pet products in-store and instead embraced the convenience of eCommerce...

B2B Payments
JAGGAER Integrates Amazon Business Into Its eProcurement Search Results
February 06, 2023

JAGGAER has integrated Amazon Business into the search results of JAGGAER eProcurement. This single search functionality makes it easier for B2B buyers to view and compare items and prices from Amazon Business within JAGGAER eProcurement, the company said in a Monday (Feb. 6) press release....

Retail
Curbside Grocery Grows as Supermarkets Look to Replicate Gas Station-style Convenience
February 06, 2023

As grocers look to maximize convenience, curbside pickup is emerging as the fast and favorite method. This, as new grocers are popping up across the country, offering curbside-only models and no consumer-facing stores. Jim McQuade, CEO and co-founder of the first such retailer on the East Coast, Addie’s,...

Investments
Figure Technologies Cuts Funding Goal Amid Venture Capital Downturn
February 06, 2023

Figure Technologies has reportedly cut its funding goal and may spin off some product lines. Bloomberg reported Monday (Feb. 6) that the startup building blockchain-based financial products aims to raise $100 million — one-third of the amount it had planned earlier and seemed to be...

Retail
Target’s Shipt Unit Launches 5-City Pilot to Help Small Retailers Grow
February 06, 2023

Online delivery service Shipt says it wants to enlist small businesses in its fight against food insecurity. The Target-owned company said Monday (Feb. 6) it had launched LadderUp, an accelerator program that helps local small businesses compete by providing capital, eCommerce-centered tech assistance and education....

Retail
Brazil, India, Mexico and UAE Lead Gains in Online Shopping Satisfaction
February 06, 2023

Turns out, emerging nations may hold some clues for the rest of the world when it comes to doing digital commerce right. This, as new research into shopping ease and customer satisfaction from six key geographies around the world, revealed that developing countries put up...

Retail
Children’s Place Surprised by High Cotton, Air Freight and Container Costs
February 06, 2023

Unexpected supply chain costs took a toll on The Children’s Place in the fourth quarter. The children’s specialty apparel retailer said in Monday (Feb. 6) preliminary unaudited results that it expects a net loss of $52 million to $57 million in the quarter due to...

Payment Methods
Beyon Money Taps TerraPay to Enhance Popular Bahrain Remittance Corridors
February 06, 2023

TerraPay has partnered with Beyon Money to enhance outward remittances from Bahrain in key corridors. The London-based cross-border payment services provider announced the partnership in a press release on Monday (Feb. 6). Through the collaboration, customers of Beyon Money, which bills itself as “a financial...