Leading into the holiday season as the retailer who has turned Black Friday into a five-day event, Walmart’s third-quarter earnings showed the world’s largest retailer posted its first sales growth for the first time in nearly two years, led in large part by growth in its global...
Macy’s third-quarter earnings report released Wednesday (Nov. 12) shows the retail giant may not be shielded from the typical woes of the retail industry. A New York Times article referenced Macy’s “lackluster sales,” and suggested its failing to clear the hurdle of attracting shoppers to its...
Gift card marketplace Raise.com has pulled in $18.1 million from Bessemer Venture Partners, according to a report from Gigaom. The story points out that the deal includes BVP partner Jeremy Levine joining the board, which the report finds more interesting than the deal itself. “Levine...
Hundreds of shipping containers are piling up at the Los Angeles/Long Beach port complex, and thanks to equipment shortages and labor disputes, the products inside are not likely to make it out in time for the holiday shopping season. JC Penney, Macy’s, Kohl’s, Nordstrom, Ralph...
Canada is eyeing regulations that would allow retailers to avoid fees from mobile payment services that don’t actually exist yet, a recent report states. Officials are considering a proposal that would allow retailers to reject Google Wallet as stores raise fears that accepting the payment...
Payment gateway provider Merchant Link is adding mobile payments and marketing support to its offerings, thanks to a newly announced agreement with startup Mocapay. The deal means Merchant Link — which supports payments for more than 300,000 restaurant, hotel and retail locations — will offer...
Online payments antifraud startup Forter has pulled in another $15 million in funding that it will use to open offices in the U.S. and expand its offerings to larger customers, the Wall Street Journal reported. Current merchant customers of the Tel Aviv-based company’s automated fraud...
Target, one of the founders of MCX’s CurrentC mobile payment effort, has been using its employees to test the program, the Minneapolis Star-Tribune reported Nov. 4. Target spokesman Eddie Baeb was quoted at that time saying that some Target headquarters employees had been testing CurrentC...
Merchants may be able to sway consumers into buying certain products through a new grouping of shopping apps aimed at saving the consumer money by sharing a picture of the receipt back, The Associated Press reported. The list, which includes SavingStar, Snap, Checkout 51, Ibotta, gives...
