To help develop its technology to drive online clothes purchases through recommendations, a startup that uses machine learning to help pair consumers with clothes that fit their size and style raised $55 million in a Series C funding round, TechCrunch reported. Get the Full Story...
To avoid publicity, retail stores in U.S. malls are closing without a formal announcement or honoring the length of their leases, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
There’s a disconnect between food stamps and the people who need them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Swedish fashion eCommerce firm NA-KD has raised $45 million in a Series B funding round. Of those funds, reports TechCrunch, is $5 million that comes from a “cash in,” as the site terms it, from early shareholders. Get the Full Story Complete the form to...
“I’ve been on Amazon a lot and never smelled a pork loin.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Luxury retailer Saks Fifth Avenue is taking a stand against the ongoing push for artificial intelligence (AI) in the brick and mortar shopping experience. In a recent interview on CNBC’s “Squawk Box,” Saks’ president Marc Metrick explained he is not intimidated by the digital trend. Get...
Turns out “mall” is a passé, a name, a nomer that hearkens back to the musty days of the 80s. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Walmart’s Sam’s Club abruptly shuttered locations in several states, with some employees learning of the closures as they arrived for work. But the membership-only retailer said it had closed the stores following a “review,” according to news from Reuters. Get the Full Story Complete the...
In the world of connected commerce, much of the technology seems to have been ripped straight from science fiction. Cars that drive themselves, drones buzzing through the air, artificial intelligence (AI)-powered assistants that are always ready to jump in with a suggestion or service, robots...
