During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs. Pharmacy sales rose 3.4% year over year, fueled by the demand for Ozempic and other GLP-1 receptor agonists. These medications are prescribed...
Shein has denied a media report that it has registered for an initial public offering (IPO) in New York. Reuters reported Thursday (June 29) that the fast-fashion retailer has confidentially submitted its registration with the Securities and Exchange Commission (SEC) and that its IPO could...
Skyscend Capital and Encore Funding have partnered to offer supply chain financing. With this collaboration, supply chain financing will be offered through Skyscend Pay, a software-as-a-service (SaaS) platform that integrates with enterprise resource planning (ERP) systems and automates the invoicing process, the companies said in...
Artificial intelligence (AI) offers a new tool to genuinely help advance human learning and thought. We are the first generation in the history of humanity to create machines that can make decisions that previously could only be made by people. But government moves at a...
Zip has added virtual cards to its intake-to-procure platform. The new Zip Vendor Cards enable businesses to speed up their vendor payments and strengthen their control and visibility into spend, the company said in a Thursday (June 29) press release. “Zip Vendor Cards, in combination...
French FinTech Aria has expanded its B2B deferred payment infrastructure to the United Kingdom. The company supports the platform economy by allowing freelancers to get paid faster and businesses to pay when they want to pay, Aria said in a Wednesday (June 28) press release....
For the payment networks, the reach and scale is there to create new digital platforms for financial institutions — natural extensions of the relationships that are already in place. And along the way, with technological infrastructure and application programming interfaces (APIs) in the mix, a...
Generative artificial intelligence (AI) platform Typeface has been valued at $1 billion after raising $165 million. The funding includes $100 million from a Series B round with contributors including Salesforce Ventures and Google Ventures, part of an ongoing wave of Big Tech investment in AI,...
Skims, a brand created by Kim Kardashian that specializes in underwear, loungewear and shapewear, is gearing up to establish its inaugural permanent stores in the coming year, as part of its expansion into both domestic and international retail markets. Its flagship store in Los Angeles...
