Axle Payments, a freight and logistics financial enablement platform, is rebranding itself as Denim following the close of a $126 million Series B round, comprised of $26 million in equity funding and $100 million in debt financing. The equity funds are being earmarked to scale...
For buy now, pay later (BNPL), heady growth demands some new guardrails. The Consumer Financial Protection Bureau report, “Buy Now, Pay Later: Market trends and Consumer Impacts” has been long awaited and debuted Thursday (Sept. 15) with the recommendation that there be new measures put...
Chinese fast-fashion eCommerce retailer Shein is reportedly planning to add two distribution centers to the one it already has in the United States to get products to American shoppers three or four days quicker. Shein opened its first U.S. distribution center in Indiana in April...
Global moving industry marketplace Shyft has closed a $16 million Series B funding round, with the startup also naming business veteran Randal Meske as its new CEO. New investors included Munich RE Ventures and OurCrowd, with the round also seeing participation from existing investors, Inovia...
All-in-one roofing software startup Roofr has raised $12 million in a Series A funding round to build out its Software-as-a-Service (SaaS) platform and provide roofers with an easy way to manage their projects. The fresh infusion of capital was backed by past investors Bullpen Capital...
For the second time in a year, Walmart has upgraded its virtual try-on technology via its new “Be Your Own Model” feature that literally puts shoppers in the picture. In announcing the latest upgrade, Walmart said its industry-leading technology would bring the in-store fitting room...
On-demand delivery of bargain-priced merchandise will be available to consumers under a new partnership between Big Lots and DoorDash. With the new agreement, consumers can choose from 36,000 Big Lots items on the DoorDash app and website — an assortment ranging from home goods to...
Kanye West has reportedly ended his partnership with Gap, with his lawyers saying the clothing retailer hasn’t fulfilled some of its obligations under their contract. The rap and fashion star’s lawyers said Gap did not meet its obligations to sell 40% of the brand’s merchandise...
Within hours of Amazon’s announcement of its new suite of marketing tools aimed at attracting more sellers to its site, Walmart has answered with its own upgraded outreach to help sellers connect with shoppers. Among the changes the Arkansas-based retailer unveiled include a “Search Brand...
