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...
Retail crime has become a growing concern for retailers in the United States, with incidents on the rise and significant financial losses being incurred. Shrink accounted for $112.1 billion in losses in 2022, up from $93.9 billion the previous year, the National Retail Federation (NRF) said in...
A veteran of Google’s artificial intelligence (AI) unit has reportedly launched his own fund to back startups in that space. Vishal Maini, a one-time researcher for Google’s DeepMind, has founded Mythos Ventures and thus far raised at least $14 million for AI startups, Bloomberg News reported Tuesday (Sept....
Dick’s Sporting Goods is hiring fewer seasonal workers for the upcoming holiday season than it did last year. The retailer is looking to hire 8,600 seasonal workers this year, Dick’s Sporting Goods said in a Tuesday (Sept. 26) press release. For last year’s holiday season, the retailer...
Paygeon has unveiled its new artificial intelligence (AI)-powered financial platform designed for small businesses and startups. This solution seeks to help companies navigate the digital financial landscape by automating invoice payments and managing vendor relationships, the financial automation software company said in a Tuesday (Sept. 26) press...
Worldline has launched a consultancy service to help its eCommerce clients gain revenue and improve payment operations. The service, announced Tuesday (Sept. 26), is designed to help businesses optimize existing operations and identify new markets where cross-border transactions and revenues “are rising rapidly,” the payments company said. “In...
LTK has added an in-app cart and checkout experience that offers brands the opportunity to expand their distribution through its creator-guided shopping experience. The new “Buy Now with LTK Cart” feature is now available both on the company’s Creator Commerce platform and for integration on Shopify, LTK said in...
