Early payment solutions provider PayUp, a Rex company, has received a $5 million line of credit from private working capital finance company nFusion Capital and said this would allow it to factor $50 million in invoices. Both PayUp and nFusion Capital focus on small to medium-sized businesses (SMBs), and the...
With the growth of direct-to-consumer (D2C) options enabling coffee drinkers to access increasingly niche, increasingly boutique products, prices have been rising for higher-end brands and blends. Now, the expansion of buy now, pay later (BNPL) is making it possible for some coffee snobs to purchase...
‘Tis the season to be … wary. The holiday weeks mean fewer days in the office — online or onsite. Staffers embark on their usual round-robins of vacation. We’re all browsing sites and stores in search of the best deals on, well … everything. In...
You pick up the phone and hear a recorded message, purporting to be from the IRS. For a moment, you’re worried, but eventually, you think “This seems like a scam.” That’s because it is a scam, and if you’ve received a call like that, you’re...
Fighting a highly promotional environment for consumer electronics, Best Buy sees holiday shopping patterns this year returning to some pre-pandemic norms. Reviewing FY23 third quarter financials on a Tuesday (Nov. 22) earnings call, Best Buy CEO Corie Barry noted year-over-year sales declines across most product categories, adding that the...
After being jeered for raising its long-standing $1 price point strategy a year ago, Dollar Tree said Tuesday (Nov. 22) that the change is working, and that the retailer is planning to add more $3 and $5 items to its fleet of 16,000 stores. In speaking to...
Right-sizing inventory, reducing costs and scaling its new logistics services business paid off for American Eagle Outfitters (AEO) during the third quarter, the company said Tuesday (Nov. 22) in its quarterly earnings release. During the quarter ended Oct. 29, the clothing and accessories retailer achieved...
Dick’s Sporting Goods’ continued efforts to redefine itself through its experiential, omnichannel offerings appears to have paid off during its third quarter, with the retailer seeing a 6.5% increase in sales. “Our Q3 results demonstrate the continued success and strength of our transformational journey,” Ed...
Manually entering credit card information for each online purchase is such a source of friction and irritation that more than half of consumers are setting their security concerns aside and choosing to store their payment credentials with retailers. The findings come from the new study...
