Etsy has closed on its purchase of fashion marketplace Depop for roughly $1.625 billion. The purchase price consists of mainly cash and is “subject to certain adjustments,” according to a Tuesday (July 13) announcement. Depop will keep running as a standalone marketplace operated by its...
iFIT Health & Fitness, whose brands include NordicTrack, ProForm and Freemotion, has purchased women’s health and fitness platform Sweat, according to a Tuesday (July 13) announcement. Sweat was established in 2015 by trainer Kayla Itsines and CEO Tobi Pearce. Get the Full Story Complete the...
In an industry where many have been forecasting the wind-down of the great home nesting and renovation trend for months, the CEO of home improvement and maintenance platform Angi said on Tuesday (July 13) that while growth rates have come down since the pandemic, his...
In today’s top retail news, Nordstrom has obtained a minority stake in four fashion labels, while Walt Disney has brought in more than $60 million worldwide from sales of its “Black Widow” film via Disney+ Premier Access. Plus, Walmart’s Indian digital commerce venture Flipkart notched...
Payments and shopping platform Klarna is partnering with social shopping startup HERO to bring retailers a solution to create shoppable content right from their brick-and-mortar location. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The solution to convenience stores’ labor woes may be more complicated than just raising pay above minimum wage. The National Coalition of Associations of 7-Eleven Franchisees (NCASEF), an umbrella trade association comprised of 41 regions’ franchise owners associations, representing over 7,400 7-Eleven locations overall, released...
Never underestimate the power of a blue puffer jacket. That, it seems, is the lesson from the first fashion item dropped into the market care of the Kanye West-Gap collaboration that will see Yeezy bringing its unique eye for design to the once iconic label...
Walt Disney brought in over $60 million from around the world from sales of its “Black Widow” movie by the way of Disney+ Premier Access. The flick brought in an $80 million haul at the domestic box office amid its introduction, CNBC reported. The film...
The value of Walmart’s Indian eCommerce venture Flipkart continues to rise, as its latest $3.6 billion round of fundraising has created the largest domestic tech venture that is now worth roughly $37 billion, the companies announced on Monday (July 12). Get the Full Story Complete...
