This week’s initial public offering (IPO) for ContextLogic, parent company of discount eCommerce platform Wish, seemed destined to enjoy a huge first-day “pop” on Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Plus, the convenience store vertical has seen $21.7 billion...
Rite Aid Corporation reported on Thursday (Dec. 17) as part of its Fiscal 2021 Q3 results that revenues rose 12 percent, fueled by expansion in the retail pharmacy and pharmacy services areas. Revenues from continuing operations for the timeframe were $6.12 billion, up from $5.46...
The convenience store industry has seen a record $21.7 billion of consolidation deals announced in just the past four months, as a pandemic-related M&A lull ends and COVID-19 reshapes consumer demand. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Fashion retailer rue21 (r21 Holdings, Inc.) said that its formidable financial standing enabled it to refinance its current term loan, decrease the cost of funds and bolster available liquidity, according to an announcement. Get the Full Story Complete the form to unlock this article and...
In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. reported that revenues rose 12 percent for the third quarter of 2020. Plus, Amazon is making its next big fashion move through a personalization play with Made For You....
The accelerated arrival of the digital-first economy has happened so fast that retailers are making adjustments on the go. One of the most significant at this late point of the holiday season is from Best Buy, which announced this week that it is changing some...
Consignment-to-retail used vehicle marketplace CarLotz, Inc. said on Wednesday (Dec. 16) that its total revenues rose 12 percent for Q3 2020 to $29.8 million, up from $26.5 million during the same time last year, according to an announcement. Get the Full Story Complete the form...
Benetton Group, an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as a “necessary platform” for its future three-year roadmap, according to a Wednesday (Dec. 16) announcement. Get the Full Story Complete the form to unlock this article and enjoy...
