Celebrity venture companies are the new norm. From SKKY Partners, co-founded by Kim Kardashian, to Marcy Venture Partners, co-founded by Shawn Carter (JAY-Z), celebrities are moving past endorsements and licensing deals and looking to get a bigger piece of the pie. With that, Erin and...
Fashion resale platform Poshmark has entered the world of livestream shopping. The company Wednesday (April 5) debuted Posh Shows, which allows people to livestream on the site for the first time. It’s a move that’s happening amid a boom in popularity for the resale space,...
L’Oreal’s acquisition of the Australian luxury brand Aesop from Natura & Co., announced Monday (April 3), for an enterprise value of $2.53 billion, sets L’Oreal to expand its presence in the high-end skincare market and facilitate international expansion, especially in China. Through the acquisition,...
It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the “it” business model. The disruptors, sometimes, get disrupted. The latest reminder came over the weekend when Boxed, the online grocery retailer, filed...
Petco has launched a badge that designates grooming services and products that have “clean” ingredients. The new Clean Grooming initiative and Clean Ingredients badge appear on the pet health and wellness company’s grooming salon menu, product shelves, app and website, Petco said in a Tuesday...
As inflation chips away at shopper loyalty, grocers must become more aware of competitors’ pricing. In an interview with PYMNTS, Sean Turner, co-founder and CTO at retail technology company Swiftly, noted that consumers have become very deliberate about how they choose where they will purchase...
Payments platform PhonePe has launched an eCommerce app built on India’s ONDC network. The new Pincode app launched Tuesday (April 4) in Bengalaru and will expand to other cities soon, PhonePe said in a Tuesday press release. The app focuses on hyperlocal commerce and aims...
After acquiring Twitter for $44 billion in 2022, Elon Musk publicized the idea of paying for the coveted blue checkmark, which was met with mixed reactions from the public. This was one of many measures taken by the billionaire to restore the company to profitability....
Apple is reportedly eliminating some retail jobs as it looks to cut costs. Until now, there were signs the tech giant was attempting to avoid the layoffs that many of its peers had untaken in recent months. However, a report Monday (April 3) by Bloomberg...
