A b2b UK startup has established $400,000 in funding to launch video technology that will bring together fashion and commerce for a new interactive online shopping experience. Smartzer, founded in 2012, secured funding from entrepreneur Jamie True and a group of undisclosed private investors —...
Marvin Ellison, a veteran senior exec at Home Depot, has been named the new CEO for JCPenney. “The department-store chain, struggling to emerge from $3 billion in losses in the past 3 1/2 years, today named Ellison its next president and chief executive officer. He’ll...
With a requirement of being able to accept NFC at all stores right away, it’s not surprising that the list of retailers with no plans to immediately support Apple Pay is huge. Add to that fact that some chains have competitive reasons to shun Apple Pay...
The preparations for Apple Pay’s launch are in motion, with a Walgreens memo saying that it will launch Saturday (Oct. 18). “Customers that participate in Apple Pay will immediately be able to use the service,” said the Walgreens memo to store managers, according to a...
Online retailers face losing at least a fourth — sometimes nearly half — of their customer base at checkout because of hurdles like consumer distrust of website payment methods, lacking preferred payment, wonky or slow sites and caveats of having to register too much personal...
A U.S. Patent application that Apple filed in late May was published Thursday (Oct. 9) and it provides some delightfully geeky peeks into what appears to be Apple Pay—or at least how Apple Pay was envisioned a few months before launch. For example, the filing...
Experimenting with opening its first brick-and-mortar, Amazon has taken over a 12-story building in the heart of the most famous shopping district in the U.S., on 34th Street in New York City, a block from Herald Square, right near Macy’s headquarters. Plans are to be...
As the hoopla over Apple Pay wanes, skepticism is beginning to set in — even among executives at big retail chains that will be rolling out Apple’s new payment system later this month. On Tuesday (Oct. 7), Target director of finance Bill Ramsey told a...
Shifting technology, new alliances and skepticism among young consumers are creating risks — as well as opportunities — for PayPal, according to Bloomberg. That’s one reason PayPal is being spun off from eBay, which will give the payments business more flexibility to innovate and find...
