News

eCommerce
Papa John’s Hires Nike Exec as CFO as Restaurants Learn From Retailers
June 27, 2023

Papa John’s is looking to learn from Nike’s omnichannel success with its new C-suite addition, tapping Nike North America’s chief financial officer to take over the same role at the pizza chain as restaurants across the industry learn from retailers’ successes and failures. The restaurant giant, which...

Payments Innovation
NCR Spinoff Eyes Acquisitions, Recurring Revenues to Bolster ATM-as-a-Service Growth
June 27, 2023

NCR’s restructuring will seek to capitalize on Software-as-a-Service and recurring revenues as ATMs undergo a digital transformation. NCR filed its Form 10 registration statement Monday (June 26) with the Securities and Exchange Commission (SEC) for the planned spinoff. Upon completion, with a fourth-quarter 2023 timeframe, NCR will exist...

News
The Barbie Phenomenon and Its Impact on Brands and Consumers
June 27, 2023

“Barbie” is everywhere. It has taken over retail marketing. Everywhere you look there’s a new collaboration, from fast fashion to food and beverage to department stores. Apparel retailers, including Gap, Aldo, Forever 21, Primark, Hot Topic, and Spirit Halloween, have launched collections in celebration of...

Retail
Personalized Skincare Puts a Fresh Face on Heyday’s Subscription Model
June 27, 2023

If TikTok told you to rotate your skincare products biweekly, you probably started to rotate your skincare regimen. Or you know someone who did. But while the recommendation could be a solid tip, it lacks personalization. And with insane makeups on personalized skincare services, it’s...

Retail
Best Buy Begins Offering Tiered Memberships
June 27, 2023

Best Buy has officially launched its new three-tiered membership program to entice cost-conscious shoppers. Beginning Tuesday (June 27), customers can take part in one of three memberships: an existing free tier, a new, more affordable paid program priced at $49.99 per year, and a revamped...

Payments Innovation
Tokenized Payment Networks Empower Businesses and Consumers With Enhanced Security
June 27, 2023

The digitization of the payment landscape brings with it both opportunity and challenges. As digital wallets, contactless payments, and eCommerce technologies continue to transform the way money moves, sensitive account information often moves alongside each transaction. This leaves personal data like addresses, purchasing history and...

Point of Sale
Flatpay Raises $16 Million for Flat-Rate POS Technology
June 26, 2023

Danish FinTech Flatpay has raised €15 million (about $16 million) in its Series A funding round to expand its presence in Denmark, Finland and Germany and continue its product development. Flatpay offers a flat-rate point-of-sale (POS) technology for businesses that aims to make payments transparent and...

Retail
Kering Acquires Luxury Fragrance House Creed 
June 26, 2023

Kering, the French luxury brand, said Monday it has acquired Creed, the high-end niche fragrance house. Prior to this acquisition, Creed was under the ownership of BlackRock Long Term Private Capital Europe and its chairman, Javier Ferrán.  Creed is set to join a lineup of...

Investments
Odoo Receives $164 Million to Expand Business Software Suite Globally
June 26, 2023

Odoo has received a strategic investment of 150 million euros (about $164 million) to continue its global expansion. The Belgium-based provider of open-source integrated business software applications for small and medium-sized businesses (SMBs) received the investment from global growth equity firm General Atlantic, Odoo said...