Klarna CEO Sebastian Siemiatkowski said the Swedish FinTech company is considering an initial public offering (IPO) in the United States. It is “very likely” that Klarna will launch a stock market listing in the U.S., although no official dates have been confirmed, Siemiatkowski told BNN Bloomberg, per a Tuesday (Jan....
TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to drive the continued growth and product expansion of TravelPerk, as well as accelerating gross profit through automation and artificial intelligence...
European pre-owned fashion platform Vestiaire Collective launched a crowdfunding campaign to raise at least 1 million euros (about $1.1 million) from individual investors. The crowdfunding campaign, which will be advertised on Vestiaire’s website and mobile app, opens Tuesday (Jan. 23) and is being facilitated through...
Temu has reportedly defied expectations by attracting a significant number of baby boomers and Generation X shoppers in the United States. Contrary to its reputation as a platform for younger consumers, the Chinese eCommerce app’s first year of operation in the U.S. has seen older shoppers...
Venture capital firm Plural has launched a 400 million euro ($436.4 million) fund to support technology and AI startups in Europe, CNBC reported on Tuesday (Jan. 23). The new fund, Plural Fund II, comes just 18 months after the investment firm raised its previous fund of 250 million...
Citi launched a new browser extension designed to help consumers save money while shopping online. The free tool, Citi Shop, is available to eligible U.S. Citi credit cardmembers and allows them to find deals and discounts at over 5,000 online merchants, the global banking giant...
In recent years, retail subscription platforms have introduced enhanced features like the ability to pause the subscription with no cost or free shipping to help their digital users manage their subscriptions. Nevertheless, many of their clients have been tempted to cancel their retail product subscriptions...
As brands and retailers continue to find new ways to prevent returns, one begs to ask: Are they working? As per an National Retail Federation report, following two years of increasing returns rate, the percentage of returns decreased to 14.5% of total retail sales in...
There are numerous ways to evoke nostalgia. In April, Gap opted to collaborate with Mattel, releasing a fashion line inspired by Barbie, a nod to childhood and to the recently released Barbie movie. True Religion and Juicy Couture’s partnership, on the other hand, is capitalizing on the resurgence of Y2K trends. This...
