Skincare company Obagi and makeup brand Milk Makeup are joining forces through a special purpose acquisition company (SPAC) deal with Waldencast Acquisition Corp. — an acquisition-focused entity founded by two former L’Oréal execs — in a merger that puts their combined value at about $1.2...
Casper Sleep Inc. announced on Monday (Nov. 15) that it has agreed to be acquired by Durational Capital Management in a deal that will take the mattress company private. Durational Capital will pay $6.90 per share, a 94% premium over the closing price on Friday...
The ongoing supply chain shortage is leading grocery stores to look for ways to cover up gaps on the shelves, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In today’s top retail news, Warby Parker has laid out plans to expand its offerings and move beyond just the glasses it has become known for, while Coupang said its third-quarter revenue grew faster than the overall Korean eCommerce space. Also, overall growth for merchants...
Direct-to-consumer (D2C) eyewear retailer Warby Parker laid out plans to vastly expand its offerings and market share in the coming years, as it tries to move beyond simply selling glasses and into a full-scale eye care company. Get the Full Story Complete the form to...
Having a baby is one of the most exciting, and perhaps most stressful, times in a person’s life. Beyond just having another human being besides yourself to take care of, every bottle, pacifier and rattle purchased feels like a consequential decision, with myriad opinions from...
If you’re driving in Bentonville, Arkansas, don’t be surprised if that Walmart truck alongside you on the road doesn’t have a driver inside, after the box store giant revealed this week that it had begun successfully moving customer orders daily between a dark store and...
Record online sales posted by JD.com and Alibaba weren’t enough to buoy a sluggish Singles Day in China, the world’s biggest multi-day shopping extravaganza that typically brings in more sales than Black Friday and Cyber Monday combined. Get the Full Story Complete the form to...
All totaled, 12% of online shoppers experienced fraud during the 2020 holiday shopping season, according to The 2021 Holiday Shopping Outlook, a PYMNTS and Kount collaboration that surveyed more than 3,600 consumers. Get the Full Story Complete the form to unlock this article and enjoy...
