Consumers’ interest in beauty and wellness products and services remained strong in the fourth quarter for Ulta Beauty. The company completed a year of record sales, profitability and member growth during the quarter ended Jan. 28. Its annual revenue topped $10 billion for the first...
Is it the rumble in the jungle? Or is it just Amazon and Walmart battling it out over new territory? Both players are making big moves to address a product every single consumer buys: healthcare. While the world might be approaching the end of the...
Traditional financial institutions (FIs) have an opportunity to increase customer retention by embracing embedded banking. Consumers worldwide quickly embraced the industry’s seismic shift toward digitization, which was hastened by the pandemic. Many FIs that had hesitated to invest in their digital offerings found themselves left...
SVB Financial Group share trading was halted Friday (March 10) after a 68% premarket plunge. This move followed a 60% drop in the share price Thursday after SVB — which is the parent company of Silicon Valley Bank — said it had a $1.8 billion...
Sure has launched an embedded return shipping protection solution for eCommerce merchants. The new Retrace Return Shipping Protection is enabled by two new offerings: the protection product itself and a new technology called Retrace that lets online merchants offer embedded insurance and protection at any...
If trends are any indication, bars and restaurants waiting to modernize their payment options may find it’s time to embrace change. Cash isn’t going away anytime soon, remaining the most-used payment method for in-person transactions and purchases under $25. However, the number of ATMs are...
Allbirds is struggling to soar high after going public, with the company recording the first quarter of negative growth in its nearly decade-long history. The direct-to-consumer (D2C) shoe company fell short of full-year sales and profit targets, but its leadership believes with some adjustments, it...
In Silicon Valley, and specifically for smaller tech firms, the tremors threaten to become a quake. Just a day after Silvergate Capital said it would shutter and liquidate its bank offering services to the crypto industry, we’re seeing additional focus on liquidity within the banking...
It wasn’t just crypto that had investors running for the exits. And it wasn’t just talk of more rate hikes from the Fed that had investors hitting the sell button. This week’s downdraft for the FinTech IPO Index was a confluence of above, yes, but...
