Bloomreach has enhanced its eCommerce search solution with group merchandising and other new features that specifically cater to B2B merchandisers. These updates to Bloomreach Discovery aim to give merchandisers greater control in optimizing the eCommerce experience for their customers, the company said in a Wednesday (Sept. 27) press release....
Revio, a payment orchestration platform, secured $5.2 million in a seed round to tackle the challenges and opportunities in the African payment ecosystem. The funding will be used to expand Revio’s coverage across Africa, enhance its routing logic, and attract talent from the continent and...
Costco has built its reputation on value-based bulk deals, and it’s an offering that keeps shoppers flocking to its stores. This deep-seated sentiment is confirmed by the retailer’s confidence, as evidenced during its recent fourth-quarter earnings call on Tuesday (Sept 26). Costco announced that its...
Weather can exert an influence on consumer purchasing choices, a phenomenon vividly illustrated by the advisory released by the online fashion giant ASOS in relation to its recent financial performance. ASOS saw a 16% decline in U.K. sales during the last quarter, primarily due to the...
Target is blaming an apparent wave of shoplifting for the closure of nine of its stores. The retailer is shuttering locations Oct. 21 in New York City; San Francisco; Seattle; and Portland, Oregon, according to a Tuesday (Sept. 26) press release. “In this case, we...
Just because you’ve been given the opportunity to grace your products on the shelves of Sephora doesn’t mean your brand will be successful. Take it from brands like Item Beauty and Selfless by Hyram, two brands founded by TikTok stars Addison Rae and Hyram Yarbro,...
Instacart’s stock closed below its initial public offering (IPO) pricing for the first time on Tuesday (Sept. 26), a week after its public debut. The online grocery delivery company’s stock fell 1.69% and closed below $30, reflecting a broader decline in both the overall stock market...
Wells Fargo and Centerbridge Partners have announced a partnership to provide direct lending solutions to non-sponsor North American middle-market companies. This partnership will be facilitated through the launch of Overland Advisors, a business development company focused on making senior secured loans, the companies said in a Tuesday...
Kroger is reportedly looking to compete with Walmart, getting into general merchandise with a superstore format. The grocery giant has begun construction on a 124,000-square-foot location in Plano, Texas, dubbed the “Kroger Marketplace,” according to The Dallas Morning News, which marks the company’s largest store...
