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Estee Lauder Agrees To Buy Asian Beauty Brand

PYMNTS

In what is reportedly its first acquisition of an Asian beauty brand, Estee Lauder Cos. Dr. Jart+ was founded in Seoul in 2005 and sells masks, moisturizers, serums and cleansers under names such as Ceramidin and Cicapair, Deal Street Asia reported. Have & Be also owns Do The Right Thing, a men’s grooming brand. Coty Inc. ,

Branding 101
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Klarna Debuts Social Shopping In The UK

PYMNTS

Despite the shifting retail landscape, consumers are still looking for inspiration, convenience and value — and it’s become obvious that shopping online now goes far beyond just a transaction,” said CEO Sebastian Siemiatkowski in a statement. Founded in 2005, Klarna said it now has a valuation of $5.5

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Louis Vuitton Launches eCommerce Site In China

PYMNTS

French fashion brand Louis Vuitton , part of LVMH , announced that it has launched an eCommerce website in China. According to Reuters , the move comes as the luxury retailer tries to tap into the country’s booming online shopping market. But now online is getting a boost.

Branding 108
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Online Marketplaces Catching Up To Offline World

PYMNTS

Why should merchants be the only ones who get to leverage the speed, convenience and low-friction environment of the online marketplace? The big box retailer has been investing heavily in its online marketplace, and recently invited international vendors onto its platform. As it turns out, they aren’t.

Online 113
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Olo Aims To Go Public In 2020 With Possible $1B Valuation

PYMNTS

Food software startup Olo, named after the phrase “online ordering,” has plans to file an initial public offering (IPO) in 2020, according to a report from Bloomberg. The IPO market has seen several recent moves by food delivery companies. Olo was originally started as a text message food ordering service in 2005.

New York 130
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Deep Dive: Credit Unions Like And Subscribe To Social Media

PYMNTS

Social media has become a cornerstone of everyday life over the last few decades, with 72 percent of Americans using social media today, a dramatic increase from the mere 5 percent that Pew Research Center first tracked in 2005. Research has shown that these posts have 561 percent more reach than those the brand shares. The drawbacks.

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The Great Online Innovation Pile On Of 2017

PYMNTS

There seems to be an awful lot of piling on these days on the big online platforms. Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 When Amazon was just about selling books online, its competition was the physical bookstore. It’s Not Easy Being Big.