Entrepreneurs often start companies because of an unsolved need in their own lives. Twisted Road Founder and CEO Austin Rothbard, for instance, wanted his bike everywhere he traveled. He kept saying the same six words over and over again: “I wish I had my bike.” At the...
Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by Uber on the horizon. The firm started its Sudan operations in September 2018 following the lifting of economic sanctions by...
To help upgrade its logistics, Walmart plans to invest $1.2 billion or 8 billion yuan in China over the next 10 years, per the retailer’s social media account. Walmart also plans to renovate or set up over 10 logistics centers, Reuters reported. Get the Full...
Malls are not exactly the hotspots of coolness and retail activity they once were. But operators of some of those shopping destinations continue to wield investment power as malls undergo remakes for the 21st century. Among the latest examples of that trend comes from Simon...
In its U.S. initial public offering (IPO), eCommerce luxury reseller The RealReal Inc. has notched $300 million. The company priced its shares above a target range, having sold 15 million shares for $20 apiece following their marketing at $17 to $19, Bloomberg reported. Get the...
With Rent The Runway’s second tie-up to grow its reach, the fashion rental company is bringing drop boxes to four Los Angeles Nordstrom locations. The drop boxes will be at three Nordstrom locations, with one that will also be brought to the retailer’s full-line store at...
Online retailers are teaming up with brick-and-mortar merchants to make it easier for consumers to retrieve their eCommerce purchases — and potentially generate foot traffic for physical stores in the process. Amazon, in one case, is working with Rite Aid to let consumers pick up packages...
It often seems that technology makes retail innovation. It can be easy to forget that people are behind those innovations. That brings us to Jony Ive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The idea for Unbound Merino was hatched on a trip to Hydra Greece, a hilly city where Co-Founder Dan Demsky found himself “sweating bullets” hauling his suitcases up a hill. It was at the moment he made the connection that would launch is business. Get...
