e.l.f. Beauty announced it has entered a definitive agreement to acquire skin care brand Naturium. The deal, valued at $355 million, is expected to double e.l.f. Beauty’s presence in the skin care market to approximately 18% of retail sales, the company said in a Tuesday (Aug. 29) press...
Big Lots is hoping holiday décor will put consumers in a shopping mood. The discount retailer, while announcing its second-quarter earnings Tuesday (Aug. 29), acknowledged that persistent inflation has negatively impacted its financial performance, leading consumers to cut back on discretionary spending. Earlier this month,...
Quiet luxury is the epitome of exclusivity, transcending ostentatious displays of wealth, and that’s a realm Brunello Cucinelli is determined to stay in. “Exclusivity and rarity will allow a company to last a century. It’s not easy, but this is what we believe in,” said...
How do we decide whether a piece of text was created by a human, artificial intelligence (AI) or a combination of the two? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots. That percentage jumps to 66%...
Consumer search and shopping habits have transformed over time. With platforms ranging from Google and Pinterest to TikTok — according to Google’s own data, nearly 40% of Gen Z consumers use TikTok and Instagram for search instead of Google — individuals now have a variety...
J.P. Morgan Chase & Co. has boosted its stake in Brazilian digital bank C6 Bank from 40% to 46%. The financial terms of the deal were not disclosed, Reuters reported Tuesday (Aug. 29), citing a statement released by the banks. This expanded investment comes after J.P. Morgan initially bought...
Restaurant inflation may have many consumers shifting away from restaurant delivery toward pickup, but when diners do order delivery, they are spending more than ever. By the Numbers PYMNTS research for the Connected Dining series found that, as of the start of this year, consumers...
Walmart has launched a new program called Testing and Treatment at its pharmacies in 12 states, according to the retailer Tuesday (Aug. 29). The program allows Walmart pharmacists to test customers for strep throat, the flu and COVID-19 and then provide appropriate treatments. The program is available...
TruLite Health, a company focused on health equity solutions, has closed a $7 million Series A financing round. The funding will be used to accelerate the organization’s commercial growth, enhance client support resources and expand product offerings, the company said in a Tuesday (Aug. 29) press...