Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes personalization gains by a major brand, along with a new, very optimistic take on Amazon. Chipotle has delivery news, a bank CEO talks mergers and a wholesale club gains sales following an IPO.
DVF’s new personalization efforts are undergirded by Qubit Aura, a technology solution the brand began testing last year to help customers browse a personalized selection of products. Qubit allows the site to show specific products to specific users, depending on behavior.
With Amazon’s Web Services (AWS) cloud computing business booming, Morgan Stanley is getting more bullish on the eCommerce giant’s prospects.
The tie-up comes as CEO Brian Niccol has been working on turnaround efforts, such as a loyalty program.
The bank’s CEO also said the pressure for banks to consolidate via mergers and acquisitions is only going to increase.
With a portion of the proceeds from the IPO, the company sought to reduce its $623 million in principal debt, along with $10.2 million in unpaid and accrued, as well as a prepayment premium.