News

Retail
Kroger’s Home Chef Launches Heat-and-Eat Meals as Consumers Seek Takeout Alternatives
October 04, 2023

With consumers looking for lower-cost options to replace restaurant delivery and pickup without compromising on speed or convenience, Kroger is expanding its meal solutions business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Clearco Secures $60 Million in Funding to Support eCommerce Businesses
October 04, 2023

Toronto-based FinTech company Clearco has secured $60 million in a Series D funding round, as part of a recapitalization effort. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

eCommerce
Wellful CEO Says Jenny Craig Can Reach Wider Audience as D2C Brand
October 04, 2023

Rebooted as a direct-to-consumer (D2C) brand, Jenny Craig will now benefit from the widespread expansion of its audience beyond just the locations it can service within reach of brick-and-mortar locations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Blackbird Labs Raises $24 Million for Restaurant Loyalty Platform
October 04, 2023

Blackbird Labs raised $24 million to scale its restaurant loyalty and membership platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Investments
Kraaft Raises $3 Million to Expand Contractor Messaging App
October 04, 2023

Kraaft has raised $3.7 million to bring its construction-sector messaging app to new industries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Investments
Brite Raises $60 Million to Expand Instant Payments
October 04, 2023

Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Artificial Intelligence
Meta Begins Rollout of Generative AI-Powered Features for Ad Creatives
October 04, 2023

Meta has begun its rollout of generative artificial intelligence (AI)-powered features for ad creatives in its Ads Manager. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

eCommerce
Nike Sees Strong D2C Sales Despite Consumers’ Discretionary Spending Pressures
October 04, 2023

The continued buildout of Nike’s digital channels and direct-to-consumer (D2C) sales, as well as the brand’s inextricable ties to an ecosystem, are helping buck pressures on discretionary spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Oddity’s AI-Powered Product Development Spurs Repeat Purchases
October 04, 2023

On Monday (Oct 2), Oddity Tech reported third-quarter results that showed revenue growth of 29% to 31% and attributed this to repeat sales in its Il Makiage and Spoiled Child brands.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...