Tel Aviv-based grocery tech startup Shopic has raised $35 million in a Series B funding round led by Qualcomm Ventures, which saw participation from Vintage Investment Partners and Clal Insurance. Existing investors IBI Tech Fund, Tal Ventures, Claridge Israel and Shufersal also supported the round,...
Money movement automation platform Astra is using Visa Direct, Visa’s real-time payments service. The move allows San Francisco-based Astra to offer fast payments “to millions of its end-users who can fund cards, wallets and other accounts with their eligible debit cards,” according to a Tuesday...
Returns management software provider ReturnLogic has raised $8.5 million in a Series A funding round, according to a Tuesday (Aug. 9) press release. Based in Philadelphia, ReturnLogic provides software for eCommerce brands and retailers. The company said in the release it will use the capital...
Middle-market companies (those with sales from $20 million to $1 billion) have been relatively slow to adopt real-time payment (RTP) technologies, even though they recognize and value the advantages. Their greatest concern about the method of payment is the biggest hurdle to adoption. Yet “Accelerating...
A Planet Fitness program that allowed teens to work out for free at the company’s gyms during the summer drew 3.3 million participants. The number of teens signing up for the High School Summer Pass was three times higher than that in the pre-pandemic year...
Earnings season in an inflationary climate can be a drag, as brands continue to trim outlooks and reposition for a long fall and winter of lower demand and higher prices. It’s in virtually every sector, with apparel and fashion brands taking some of the harder...
Positioning itself in a jewelry market that’s being impacted by the downturn in the economy, Signet Jewelers announced Tuesday (Aug. 9) that it is acquiring online jewelry retailer Blue Nile and that it has lowered its guidance for full fiscal year 2023. With the acquisition...
Shares of online automotive platform CarGurus fell as much as 15% in extended trading Monday (Aug 8) after the Cambridge, Mass-based company said its sales for the current quarter would slow from Q2. This, as the company saw its Q2 sales rise 135% to $511...
In the U.S., it’s known as curbside pick up or buy online, pick up in store (BOPIS), while in Australia, they prefer to call it click and collect. It’s among the most enduring pandemic accommodations retailers made for edgy consumers, and now it’s a retail...
