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Shopbop
Shopbop is a global online retail destination for style inspiration and discovery, offering women all over the world a comprehensive, hand-picked selection of ready-to-wear clothing and accessories. Shopbop provides free global shipping and more.
The Connected Devices We Never Knew We Needed
January 16, 2021
Like so many other major events, the Consumer Electronics Show (CES) was different this year, insofar as there was no floor in Las Vegas. And despite the switch of venue ...MercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale
January 15, 2021
Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles.
“We’re seeing positive results, and adoption of electric vehicles within our network ...Apple Considers Podcast Service To Better Compete With Spotify
January 15, 2021
Apple is exploring the addition of a premium subscription podcast tier to become a more competitive rival to Spotify, Bloomberg reported on Friday (Jan. 15), citing sources.
The move comes as the ...FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act
January 15, 2021
The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful ...What We Learned From Banks’ Opening Earnings Salvo
January 15, 2021
In the first wave of Q4 earnings reports, J.P. Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and of course debt repayment, may not ...Citi Q4 Earnings Show Digital Banking Growth, Drop In Card Spending
January 15, 2021
Citigroup reported stronger than expected Q4 earnings Friday (Jan. 15) that showed a solid digital business, but fell short on expected revenue. Earnings fell by 7 percent to $4.63 billion, ...Blend And MX FinTechs Land $300 Million Investments
January 15, 2021
Blend and MX, which are both FinTech startups, separately announced that they have each landed $300 million in funding.
“Money experience” company MX said it has landed $300 million in a ...Bumble Plans To Go Public On The Nasdaq
January 15, 2021
Relationships app Bumble Inc. plans to go public and list its Class A shares on the Nasdaq Global Select Market under the “BMBL” ticker symbol, according to a Friday (Jan. 15) ...Play Store Has State AGs Exploring Third Google Lawsuit
January 15, 2021
Alphabet-owned Google could be hit by a third lawsuit by state attorneys general, this time over its management of the Play Store, Reuters reported on Friday (Jan. 15), citing sources.
A ...Uber Seeks Investors To Launch Startup For Postmates X Delivery Robot
January 15, 2021
Uber is seeking investors so it can launch a separate startup for the robotics division of Postmates, Postmates X, TechCrunch reported on Friday (Jan. 15), citing sources.
Temporarily coined Serve Robotics ...Roblox, Digital-First Shopping, QR Codes Top This Week’s News
January 15, 2021
In this week’s news, we saw Roblox’s plans to go public through a direct listing, consumers’ preferences for a digital-first shopping experience and the rising popularity of quick-response (QR) codes. ...Pandemic Raises A Glass To Non-Alcoholic 'Mocktails'
January 15, 2021
Sales of alcohol soared during the early weeks and months of the pandemic, but a wellness vibe seems to be taking hold as “mocktails,” once a meager category, experiences a ...Holiday Sales Shot Up 8.3 Pct In 2020
January 15, 2021
Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF).
The 8.3 percent jump was double the 3.5 ...Today In Payments: Poshmark More Than Doubles Valuation In Nasdaq Debut; Goldman Taps Marqeta To Power Marcus Digital Checking
January 15, 2021
In today’s top news, Poshmark has more than doubled its valuation after its IPO on Thursday, and Goldman Sachs is teaming with Marqeta to power digital checking accounts for Marcus. ...Wells Fargo’s Provision For Credit Losses Drops $823 Million
January 15, 2021
Wells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823 million. The bank attributed the drop mostly to ...Marc Lore Retiring From Walmart To Create City Of The Future
January 15, 2021
Serial entrepreneur and Jet.com Founder Marc Lore is retiring as Walmart’s CEO of eCommerce to help startups and write a book while pursuing his passion of developing a city of ...Delta, Airbnb CEOs Say Travel Is Rebounding, But Change Is Inevitable
January 15, 2021
Surviving the worst year in aviation history is, itself, an accomplishment. According to Delta Airlines CEO Ed Bastian, while pre-COVID volumes and travel practices may never fully return, the road ...ECB Officials Fear Banks Will Get Hit Hard By Pandemic Fallout
January 15, 2021
European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy.
“The main issue ...Today In B2B: HSBC Launches Cash Flow Tech; TD Makes Equipment Finance Buy
January 15, 2021
Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. Plus, AspireHR links with SAP Concur, EedenBull teams with NAB ...Pandemic Surge Slows Consumer Spending; December Retail Sales Drop
January 15, 2021
The momentum of the new pandemic surge was too much for consumer spending to overcome, according to new data released Friday (Jan. 15). With infection rates climbing, consumers tightened the ...JPMorgan’s Mobile Customers Surge 10 Pct; Management Cautious On Economic Environment
January 15, 2021
J.P. Morgan Chase posted fourth-quarter earnings results on Friday (Jan. 15) that showed the impact from the pandemic and economic headwinds were not as bad as might have been feared ...Porch Expands Into InsurTech, Adds Services With Key Acquisitions
January 15, 2021
Home services platform Porch Group is branching out with the acquisition of four digital platforms that will expand its Total Addressable Market (TAM) by almost $100 billion, Porch said in ...Amazon Introduces Alexa Custom Assistant For In-Car Apps
January 15, 2021
Amazon unveiled Alexa Custom Assistant on Friday (Jan. 15), a product that allows companies to create customized artificial intelligence (AI) assistants to match their “brand personality” and meet their clients’ ...Whole Paycheck Tracker: Amazon, Walmart Gain Q3 eCommerce Sales, But Lose Share Of Total Spend
January 15, 2021
PYMNTS’ latest Walmart vs. Amazon Whole Paycheck Tracker found that the two retail giants did something unusual during the third quarter: They either remained flat or lost ground in the ...Why Trader Joe’s, Dollar General And Instacart Will Pay Workers To Get Vaccinated
January 15, 2021
Trader Joe’s, Dollar General and other companies that employ thousands of front-line hourly or gig workers have announced plans to pay bonuses to those who get the new COVID-19 vaccines.
“We ...Digital Technologies Drive Innovation In Retail, Payments
January 15, 2021
Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. In retail technology, Toshiba Global Commerce Solutions’ new ...Hudson To Add Amazon’s Just Walk Out Technology To Its Popular Airport Convenience Stores
January 15, 2021
The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at more than 1,000 North American airports, train stations ...Ant Group Overhauling Operations To Satisfy Chinese Regulators
January 15, 2021
After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported ...Precise Location Data Is Targeting ‘Last Mile Delivery’ Demons
January 15, 2021
If you think real estate is thrice obsessed with location (and it is), make room for geodata’s expanding role in payments, banking and a slew of related activities. The January ...Census: December 2020 Advance Monthly Sales Drop 0.7 Pct
January 15, 2021
The U.S. Census Bureau reported on Friday (Jan. 15) that advance estimates of U.S. retail and food services sales for December 2020 fell 0.7 percent from November 2020 but they ...Latest Research: Vaccines May Cure ‘Pandenomic’ Slump And Fill Stores Again — By 2022
January 15, 2021
The latest installment in PYMNTS’ ‘Pandenomics’ study series is Mapping Digital-First Consumers’ Return to the Physical World, the “Why Digital-First Behaviors Are Here to Stay” edition. It explores correlations between ...WilsonHCG On Leveraging Video, Digital ID Tools To Ease Remote Hiring
January 15, 2021
Hiring and vetting job applicants remotely has become par for the course, but not all companies know how to verify job applicants’ identities digitally, says Alicia O’Brien, vice president of ...How The Pandemic Underscores The Digital-First Startup Strategy
January 15, 2021
Each organization laid out its own path to reconcile with the sudden impacts of the pandemic earlier last year.
For larger firms, investment in digital-first solutions took on a new priority ...Embedded Finance Tops B2B Tech Funding For The Week
January 15, 2021
Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B ...Deep Dive: How Online Retailers Kept Fraudsters From Having A Merry Little Christmas
January 15, 2021
The holiday shopping season is the most wonderful time of the year for the retail industry.
Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to ...AHLA: Consider Hotels As Vaccine Distribution Sites
January 15, 2021
A letter from the American Hotel & Lodging Association (AHLA) says that America’s hotels, starved for work, want to be considered as vaccine distribution sites.
“By quickly mobilizing an existing network ...Nasdaq Debut Gives Poshmark More Than Double Valuation
January 15, 2021
Poshmark saw its valuation more than double following its Nasdaq debut, with shares closing at $101.50, the Wall Street Journal (WSJ) reported on Thursday (Jan. 14).
The digital marketplace for second-hand ...New Regulations Could Push US Dollar Stablecoins Into The Payments Mainstream
January 15, 2021
For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity.
To that end, as Jeremy Allaire, CEO of Circle, told PYMNTS’ Karen Webster, ...Better Queuing Can Solve COVID-19 Vaccine’s Last Mile Problem
January 15, 2021
The pandemic has exposed the vulnerabilities of virtually every institution that underpins daily life — perhaps none so much as the U.S. healthcare system.
Hospitals have been strained. Testing can barely ...Integrated Platforms Arm CFOs With The Power To Optimize B2B Payments
January 15, 2021
When the pandemic drove professionals to work from home, business leaders began accelerating their digitization roadmaps. Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the ...