Before Matt Dubois, CEO of Chargezoom, went into the B2B payments business, he was a customer. As the founder of several small startups, he found the status quo accounts receivable (AR) platforms involved a lot of manual entry, double work and a lack of integration...
Splitit, a merchant-branded installments-as-a-service platform, has raised A$10.5 million in private placement capital funding with participation from both current institutional investors and new backers. The company’s management team and board of directors also added A$712,500, according to a press release Monday (Sept. 12). Splitit said...
Package delivery service Uber Direct and delivery management platform provider Bringg and have teamed up in France to help retailers provide speedy at-home delivery of their products to local customers. The collaboration will let Bringg expand its capacity in Europe, the Middle East and Africa...
As much as luxury apparel brands are mapping out their omnichannel future to tap into changing demographic trends and more brand-engaged consumers, there’s one big blind spot that needs to be addressed. “By [2025], Millennial & Gen-Z Will Dominate the Luxury Market with >70% Share,”...
Heading into the holiday season, Target has announced a multiyear agreement with FAO Schwarz in which the toy brand’s products will be available only at Target’s stores and website and at FAO Schwarz’s stores. With the agreement, there will be dedicated space for the toy...
Facing weaker than expected consumer demand in Europe and North America, Swedish home appliance company Electrolux is cutting costs in both regions and launching a turnaround program in North America. “Market demand for core appliances in Europe and the [U.S.] so far in the third...
As Ikea moves to reinvent its physical retail presence and drive more foot traffic to its stores, the Swedish-founded conglomerate known for its unfussy, ready-to-assemble furniture is expanding the perks of its free loyalty club. The Ikea Family club is now offering 5% off on...
RH (Restoration Hardware) CEO Gary Friedman and Kroger CEO Rodney McMullen both had it right last week when they reported their respective Q2 earnings: Inflation is taking a heavy toll on consumer spend. It’s also creating a potential windfall if you happen to operate in...
Among the surprises in 2022 — a year full of them in the financial realm — the strong dollar is now a challenge (and opportunity) that corporates must wrestle with as they make $140 trillion in cross-border transactions annually and manage daily liquidity. Cat Moore,...
