Instacart is making some major changes as it gears up to go public. On Thursday (July 8), the company announced that it is appointing board member Fidji Simo, who has spent a decade at Facebook, most recently as head of the social media platform’s app,...
Although the debut of new Amazon CEO Andy Jassy garnered the most water-cooler talk this week as he officially began his new role atop the eCommerce giant, Walmart was making its own executive changes aimed at reshaping its future too. Get the Full Story Complete...
In spite of its postage-themed name, California-based Stamps.com accepted a $6.6 billion all-cash offer Friday (July 9) from private equity giant Thoma Bravo, in a deal that, at $330 per share, marks a nearly 70 percent price premium and an enormous bet on the future...
Warehouse club operator PriceSmart, which runs 47 locations in 12 nations and one U.S. territory, said that total revenues for its third quarter increased by approximately 12 percent to about $895 million. Get the Full Story Complete the form to unlock this article and enjoy...
Warby Parker is looking to grow its brick-and-mortar presence before a possible initial public offering (IPO). An additional three dozen locations for the direct-to-consumer (DTC) eyewear brand will open by 2021’s conclusion, Bloomberg reported, citing the company. Get the Full Story Complete the form to...
Levi Strauss recorded better-than-expected revenue and profit in the second quarter, buoyed by accelerated omnichannel and eCommerce capabilities alongside consumer demand for refreshed wardrobes post-pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In today’s top retail news, Walgreens has grown its same-day prescription delivery service, while Harrods is collaborating with My Wardrobe HQ on apparel rentals. Plus, Bloomingdale’s new Bloomie’s store will concentrate on the customer experience. Get the Full Story Complete the form to unlock this article...
Chobani is going public, and it turns out yogurt may be a hotter commodity than any of us thought. The company confidentially filed for its initial public offering (IPO) on Wednesday (July 7), and its valuation, an insider told Reuters, could exceed $10 billion. Get...
Australia’s Afterpay, a buy now, pay later (BNPL) company, and Paris-based Unibail-Rodamco-Westfield, owner of Westfield shopping centers in the U.S., are teaming up to bring malls into the 21st century. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
