Loop Commerce, an eCommerce startup that simplifies gift-giving and short-circuits the need for returns and exchanges, has closed a $16 million investment round, the company announced on Tuesday (April 28). The Series B round was led by Oren Zeev together with Dan Tierney and Stephen...
Vogue publisher Condé Nast plans to expand its fashion eCommerce empire by repurposing its Style.com website as an online sales platform, the U.K. version of Vogue announced on Monday (April 27). The new eCommerce Style.com site will launch this fall in the U.K., eventually followed...
Glia, a startup with an iPhone app that lets consumers see what retailers and brands share their ethical and political values, has raised $250,000 in seed capital, TechCrunch reported on Monday (April 27). The company didn’t say who provided the investment, but did say that...
German movie theater operator CinemaxX will be rolling out mobile payments for tickets, drinks and snacks “in a few weeks,” the company announced on Thursday (April 23). The Hamburg-based chain, which runs 29 multiplexes throughout Germany, will be using a smartphone-based payments system from Luxembourg-based...
China Telecom – the nation’s largest telecom operator – has officially teamed up with Alibaba to roll out low cost ($48) smartphones to citizens in rural China. The deal with China Telecom – and access to its 186 million subscribers – is part of a...
As PYMNTS noted last week, there’s no shortage of quantitative data on the Internet. It’s barely an exaggeration to state that whatever statistic one needs – no matter how obscure – someone has gathered it and posted it on the Web somewhere. The problem isn’t finding...
While Americans looking for sartorial advice might not think to themselves that a bunch of computer programmers in Northern California would be their go-to source for advice on what is fashion’s cutting edge, it seems Google is not content to just answer all of America’s...
The Great Recession hasn’t really made consumers spending-averse — but they’re spending in significantly different ways. That’s the word from MasterCard Advisors’ senior VP Sarah Quinlan, whose analytics team sifted through billions of retail purchases to figure out why retailers aren’t seeing better results, The...
Some of the banks and credit unions whose customers’ MasterCard payment cards were compromised in Target’s huge 2013 data breach are trying to stop a proposed $19 million settlement between the retailer and the card brand, Reuters reported. Lawyers for the financial institutions filed a...
