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.
Personalized eCommerce Boosts Diane von Furstenberg
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.
Morgan Stanley Thinks Amazon Could Hit $2,500
With Amazon’s Web Services (AWS) cloud computing business booming, Morgan Stanley is getting more bullish on the eCommerce giant’s prospects.
Chipotle Teams Up With DoorDash for Delivery
The tie-up comes as CEO Brian Niccol has been working on turnaround efforts, such as a loyalty program.
Deutsche Bank’s CEO Says Current Banking Laws Hurt Cross-Border M&A
The bank’s CEO also said the pressure for banks to consolidate via mergers and acquisitions is only going to increase.
BJ’s Wholesale Club Sales Grow Following IPO
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.
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