Shein has reportedly confidentially filed to go public in the United States, potentially making it one of the biggest initial public offerings (IPOs) in recent years. The online fashion company’s IPO is expected to take place in 2024, the Wall Street Journal (WSJ) reported Monday (Nov. 27), citing...
After recently disclosing another quarter of unsatisfactory earnings, footwear and fashion firm Allbirds is betting on a new partnership with Amazon to boost its likeability and relevancy with consumers. During a recent conference call with analysts, Allbirds acknowledged its ongoing efforts to rectify the fallout...
Spryker, a composable commerce platform, launched middleware that makes data integrations easier. The middleware is one of several product updates aimed at boosting business efficiency, reducing development time and delivering a more personalized user experience for the company’s global customers, Spryker said in a Monday...
Construex, an Ecuador-based software-as-a-service marketplace, has raised $4.6 million in seed funding to accelerate its mission of digitizing the construction industry in Latin America. “This is our first step towards our expansion across LatAm,” the company said in a Monday (Nov. 27) post on LinkedIn....
British grocery giant Tesco is trying out a new, more frictionless type of self-service kiosk, as grocers around the world are trying new ways to save on cashier labor and boost store efficiency. The United Kingdom grocer announced Thursday (Nov. 23) that it is adding...
Mozaic has raised $20 million to expand its payment platform for creators. “We are thrilled to announce Mozaic’s $20M raise from Volition Capital to help creators and teams all over the world get paid together,” the company said in a Monday (Nov. 27) post on...
As we enter the holiday season, consumers are finding ways to manage their finances. The advent of split payments and other flexible spending programs is enabling shoppers to spend while not breaking their banks. As PYMNTS Intelligence has found, holiday shoppers who use a deferred...
More than half of Americans made at least one purchase on Black Friday, according to PYMNTS Intelligence data. However, not all online transactions were likely successful. According to PYMNTS Intelligence data, nearly 1 in 10 online transactions failed in the last 12 months, which means that on...
Singapore’s Changi Airport is reportedly gauging whether artificial intelligence can reduce security check-in times. The airport is using AI and machine learning at one of its terminals to examine and interpret X-ray images during baggage check-ins, The Straits Times reported Sunday (Nov. 26). According to...
