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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. Florida’s ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions. We couldn’t have foreseen this year’s increased demand.

Boston 167
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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. These are the top stories in retail for Tuesday (Nov.

Company 131
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Who’s Going In The Connected Car Driver’s Seat?

PYMNTS

Emma Nutt, born in 1860 in a small town in Maine, was hired by Alexander Graham Bell in 1878 to be the world’s first female telephone switchboard operator. She stayed with Bell and the Boston Telephone Dispatch Company for more than 30 years until her retirement. At the end of her three-decade-plus career, about 25 percent of the U.S.

Google 190
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Target’s Got A Secret (Its Codename Is Goldfish)

PYMNTS

Secrecy is a funny thing for brands. It keeps consumers interested, because a consumer that is always guessing about the next product release is, by necessity, always thinking about the brand. Stringfellow was promoted to the permanent position of VP of internal innovation and operations. It is a delicate balance, of course.

Retail 100
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Vitamin World.

Retail 78
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Retail Pulse: Luxury Beauty Brands Revamp Stores; Glossier Opens Temporary Shops

PYMNTS

The concept comes with interactive walls and follows similar moves by sporting or other fashion brands. Lancome, as it stands, is one of the largest brands of L’Oreal, the French cosmetics group. Beauty companies are also acquiring other brands. Have & Be also owns Do The Right Thing, a men’s grooming brand.

Branding 132
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What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. Most also know that to do that, they have to pay attention to doing right by those stakeholders.

Cards 169