News

Delivery
ASAP.com Expands Office Delivery Amid Rising Battle for Workday Lunch
October 21, 2022

Emerging on-demand delivery service ASAP.com announced Thursday (Oct. 20) the launch of home and office delivery in New York City. As workers return to their offices, many food and beverage (F&B) businesses are pivoting to workday lunch to create new occasions and revenue streams. The...

Retail
Warby Parker Shoots for ‘Hundreds’ of New Stores
October 21, 2022

Two months after announcing plans to have more than 200 physical stores this year, online eyewear retailer Warby Parker is upping its goals. Speaking to CNBC Friday (Oct. 21), Co-founder and Co-CEO Dave Gilboa said those locations are part of “a clear path to opening...

Retail
Amazon, Walmart Move to Boost Shopper Frequency as Analysts Check Out
October 21, 2022

By this time next week, Amazon’s Q3 results will be in the books and if recent history is any guide, they probably will be seen as disappointing among the three dozen analysts who follow the company’s every move. This, as the Seattle-based company’s results have...

Retail
Luxury Resale Competition Spikes as ‘What Goes Around’ Opens Amazon Storefront
October 21, 2022

For over 20 years, New York City’s original luxury reseller, What Goes Around Comes Around, has enjoyed a robust niche catering to the designer apparel and accessories needs of its high-end neighbors in Manhattan and Beverly Hills. While publicly traded upstarts like The RealReal and...

Retail
Adidas Cuts Profit Forecast Amid Low Sales, High Inventory
October 21, 2022

Adidas saw its shares tumble Friday (Oct. 21) after projecting that profits would be lower this year as it deals with lower-than-expected sales and a glut of inventory. In a message to investors this week, the company said its new outlook is based on “a...

Investments
Report: PhonePe Considering New Funding Round to Build Super App
October 21, 2022

India-based FinTech PhonePe is reportedly in talks to start a new funding round to further its aim of building a financial services super app. The round would be led by global growth equity investor General Atlantic with an investment of $450 million to $500 million...

Retail
Instacart Shelves IPO Plans Citing Rocky Markets
October 21, 2022

Food delivery service Instacart is reportedly holding off on plans to go public as it waits for a more favorable business climate. According to multiple media accounts Friday (Oct. 21), including The Wall Street Journal (WSJ), sources with knowledge of the matter said the company...

Cross-border Payments
How CFOs Navigate the ‘Cross-Border Storms’ of B2B Payments
October 21, 2022

From small businesses to global brands, businesses continue to face challenges when making payments across borders in order to pursue the massive opportunity that doing business globally provides. In a panel discussion hosted by Ben Ellis, Global Head, Visa B2B Connect, Visa Business Solutions, two...

Security & Fraud
JPMorgan: ‘Pressure Testing’ Key to Helping Treasurers Fight Payments Fraud
October 21, 2022

“The move to digital has been a wonderful thing,” JPMorgan Head of Client Fraud Prevention for Commercial Banking Alec Grant told Karen Webster. “The shift has opened up avenues and payment vehicles for treasurers that make them much more efficient and gives them new business...