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Genesis Motor America Unveils Concierge Car Buying Experience

PYMNTS

To provide a customized guest experience for its clients, Genesis Motor America unveiled its Genesis Concierge service. The assistant then serves as a shopping guide, handling queries about brand models as well as packages, discussing the suite of complimentary services provided and directly working with the retailer. “A

America 141
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Luxury Market Heads For Recovery

PYMNTS

The evidence can be seen in a new report from Bank of America and an earnings announcement from luxury apparel marketplace Farfetch. The company saw strong momentum in its business model marked by the acceleration of online adoption during the pandemic, attracting a record amount of new customers.

Marketing 153
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Under Armour Cuts Full-Year North America Revenue Forecast

PYMNTS

Now, as it suffered with a formidable performance by those companies, Under Armour cut its full-year North America revenue forecast, Reuters reported. Nike posted a 7 percent jump the quarter ended in May for North America revenue, while Under Armour sales dropped 3 percent. for many years.

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PayPal Invests $11M In Online Return Service

PYMNTS

PayPal ’s venture capital arm has invested $11 million in online returns service Happy Returns. “Happy Returns is building a network of physical return locations called Return Bars to enable in-person returns from online shoppers.” Some of the brands working with the company include Rothy’s, Untuckit, Everlane and Eloquii.

Online 164
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Odds Are That Online Sportsbook Wins Big Post-COVID

PYMNTS

Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. The hat trick right now is to keep fans engaged while the market normalizes. How much potential does online gambling have? billion by 2025.

Online 168
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Why North American Merchants Are Adopting Alipay In-Store (And Online)

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To serve travelers from China who want to shop in-store and online, retailers thousands of miles away from Asia are accepting Alipay in brick-and-mortar stores and on the web. Amid this trend, brick-and-mortar and eCommerce merchants in North America are adopting Alipay as a payment option for their consumers. Apparel brand GUESS?,

Online 140
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Online Mattress Retailer Casper Sleep Files IPO

PYMNTS

According to its Securities and Exchange Commission stock registration statement, as cited by CNBC , the online mattress retailer said it lost $73.4 The mattress market, however, has blossomed with new entrants, with the inclusion of Nectar , Tuft & Needle , Leesa, and Purple. million in 2017 and $92.1 million in 2018.

Retail 130