Fitbit said late Thursday that it has not in fact received an official takeover bid, following reports earlier in the day from various news outlets that it had in fact been targeted for a takeout by a firm called ABM Capital. As reported by the Wall...
Sometimes, consumers want to buy the most simple and boring things. And they want to do it in the most tech-savvy way but don’t realize what they’re asking. Think about it: Buying a basic appliance, like a vacuum cleaner, takes more thought to pick out,...
Two weeks out from Black Friday, a new study is out from Deloitte on what consumers have planned for the shopping season. Deloitte has released its 31st annual holiday survey of more than 5,000 U.S. consumers, who were asked about shipping, shopping, planning and procrastinating,...
Pottery Barn Kids has teamed up with designer Margherita Maccapani Missoni Amos for an exclusive collection of 50 baby and child home items. A mother herself, Margherita Maccapani Missoni Amos has collaborated with the brand on nursery, bedroom and playroom products with her iconic joyful...
Wayfair is rearranging the furniture and moving into the virtual reality (VR) space. The Boston-based, eCommerce-focused home furnishing site announced the launch of IdeaSpace, a VR app focused on designing spaces with what it does best: furniture and décor. The app allows consumers to explore,...
Online retailer Nasty Gal, which was founded 10 years ago by entrepreneur and author Sophia Amoruso, is expected to file for Chapter 11 bankruptcy protection. Although it’s been a tough two years for the onetime eCommerce darling, the bankruptcy news may still come as a...
Home furnishings firm Wayfair’s earnings grew 53 percent to $832 million in the third quarter of 2016. Wayfair currently boasts 7.4 million active customers in 2016, up 60 percent year over year. Wayfair has also expanded its warehouse space to 5 million square feet, up...
Innovation and ease of business aren’t necessarily the first concepts that come to mind when thinking about the tech environment in the Russian market. But in this week’s installment of PYMNTS’ Weekly Tech Center Roundup, we take a look at how Moscow is working to change its perception...
In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. The election came...
