Venture capital (VC) firm Kindred has debuted a $130 million fund targeting early-stage companies. Announced Thursday (April 20), the fund — Kindred’s third — will invest in businesses offering “picks and shovels,” in other words, “tools and services that power industries — the [application programming...
Nitra is now offering its cardholders a free six-month trial to Walmart Business+. Nitra provides smart expense management solutions and business support for medical practices and healthcare providers, while Walmart Business+ membership includes free shipping, no minimum and 2% back in rewards on orders totaling...
In the pandemic era, loyalty programs proved to be an effective strategy to retain customers even while maintaining physical distance. However, with in-store experiences making a comeback, retailers are looking to capitalize on these loyalty programs by offering exclusive events and perks. But can loyalty...
For Men’s Wearhouse, this year’s prom theme is “augmented reality.” The clothing retailer has teamed up with Snapchat owner Snap to use the social media platform’s augmented reality (AR) tool to provide shoppers with virtual try-on capabilities, according to a Wednesday (April 18) press release....
IKEA is expanding its omnichannel capabilities with its biggest investment in four decades in the United States. The $2.2 billion investment over the next three years will add new locations, strengthen its fulfillment network and expand its product line, the home furnishing retailer said in...
On the surface, Flip, a shopping social network, provides consumers with brutally honest reviews — an element of the shopping experience that has been scarce in the retail industry. But that’s what TikTok’s for, right? Generation Z craves anything with an authentic baseline and isn’t...
Bed Bath & Beyond is reportedly within days of declaring bankruptcy following a failed fundraising effort. A Chapter 11 filing by the struggling home goods retailer could come as soon as this weekend, The Wall Street Journal (WSJ) reported Wednesday (April 19), citing sources close...
Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow Service rollout, the speed of payments is moving toward instant transactions. Speed-seeking consumers are growing used to the added convenience...
SeatGeek has reportedly filed confidentially for an initial public offering (IPO). The event ticketing firm is making the move as people continue to return to concerts and sporting events after the pandemic, and it expects its revenue to top $500 million this year, The Information...
