Etsy has launched a test of a “Make an Offer” feature for vintage items. The feature, which is being piloted for a limited time, allows buyers to make offers on items that sellers have opted to include in the test, Etsy told PYMNTS in a...
FedEx’s reorganization won’t just be about the bottom line. The move is one that seeks to boost profit margins, where the company is eyeing a stated $4 billion in permanent cost reductions by fiscal 2025. But it’s also one that seeks to create, in the...
Bookstores — remember those? — have staged something of a comeback during the pandemic years, and the question now is can that really be sustained? Driven by factors from streaming media overload to the timeless appeal of in-store, in-person shopping that has roared back, bookstores...
FinFit and Salary Finance U.S. have merged and will integrate their financial wellness employee benefits. The combined organization will operate under the FinFit brand. Its platform will include both companies’ financial wellness products and aims to help employees attain financial health, the companies said in...
Celebrity venture companies are the new norm. From SKKY Partners, co-founded by Kim Kardashian, to Marcy Venture Partners, co-founded by Shawn Carter (JAY-Z), celebrities are moving past endorsements and licensing deals and looking to get a bigger piece of the pie. With that, Erin and...
Fashion resale platform Poshmark has entered the world of livestream shopping. The company Wednesday (April 5) debuted Posh Shows, which allows people to livestream on the site for the first time. It’s a move that’s happening amid a boom in popularity for the resale space,...
L’Oreal’s acquisition of the Australian luxury brand Aesop from Natura & Co., announced Monday (April 3), for an enterprise value of $2.53 billion, sets L’Oreal to expand its presence in the high-end skincare market and facilitate international expansion, especially in China. Through the acquisition,...
From Instacart’s increased valuation to Boxed’s bankruptcy filing, online grocery is seeing major changes. While players that attempt to drive adoption of their own digital grocery stores are struggling to make the economics of the model work, Instacart is benefitting from its status as a...
It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the “it” business model. The disruptors, sometimes, get disrupted. The latest reminder came over the weekend when Boxed, the online grocery retailer, filed...
