News

Retail
Personalized Skincare Puts a Fresh Face on Heyday’s Subscription Model
June 27, 2023

If TikTok told you to rotate your skincare products biweekly, you probably started to rotate your skincare regimen. Or you know someone who did. But while the recommendation could be a solid tip, it lacks personalization. And with insane makeups on personalized skincare services, it’s...

Retail
Best Buy Begins Offering Tiered Memberships
June 27, 2023

Best Buy has officially launched its new three-tiered membership program to entice cost-conscious shoppers. Beginning Tuesday (June 27), customers can take part in one of three memberships: an existing free tier, a new, more affordable paid program priced at $49.99 per year, and a revamped...

Payments Innovation
Tokenized Payment Networks Empower Businesses and Consumers With Enhanced Security
June 27, 2023

The digitization of the payment landscape brings with it both opportunity and challenges. As digital wallets, contactless payments, and eCommerce technologies continue to transform the way money moves, sensitive account information often moves alongside each transaction. This leaves personal data like addresses, purchasing history and...

Point of Sale
Flatpay Raises $16 Million for Flat-Rate POS Technology
June 26, 2023

Danish FinTech Flatpay has raised €15 million (about $16 million) in its Series A funding round to expand its presence in Denmark, Finland and Germany and continue its product development. Flatpay offers a flat-rate point-of-sale (POS) technology for businesses that aims to make payments transparent and...

Retail
Kering Acquires Luxury Fragrance House Creed 
June 26, 2023

Kering, the French luxury brand, said Monday it has acquired Creed, the high-end niche fragrance house. Prior to this acquisition, Creed was under the ownership of BlackRock Long Term Private Capital Europe and its chairman, Javier Ferrán.  Creed is set to join a lineup of...

Investments
Odoo Receives $164 Million to Expand Business Software Suite Globally
June 26, 2023

Odoo has received a strategic investment of 150 million euros (about $164 million) to continue its global expansion. The Belgium-based provider of open-source integrated business software applications for small and medium-sized businesses (SMBs) received the investment from global growth equity firm General Atlantic, Odoo said...

IPO
Cava Listing Heralds Potential IPO Market Rebound
June 26, 2023

Following a listing by restaurant group Cava, the American market is hungry for IPOs. The fast casual restaurant chain went public via an initial public offering (IPO) last week, with its shares nearly doubling in its debut. And as Bloomberg News reported Monday (June 26),...

Retail
Blue Apron CEO: Meal Kits Now Prioritize Long-Term Profitability Over Immediate Growth
June 26, 2023

As meal kit providers look to weather the challenges of inflation, many have been forced to rethink their business models. Blue Apron CEO Linda Findley tells PYMNTS in an interview that, in the last year, the whole industry has refocused its priorities, finding ways to...

Investments
Singapore’s Traveler Shopping App utu Raises $33 Million and Acquires CardsPal
June 26, 2023

Singapore’s utu has raised $33 million and acquired the rewards platform CardsPal. The acquisition and funding, announced Monday (June 26), is designed to help consumers get the most out of tax-free shopping, the company said in a news release provided to PYMNTS. “The cross-border travel...