Remove 2014 Remove Boston Remove Operations Remove Retail
article thumbnail

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

PYMNTS

These are the top stories in retail for Tuesday (Nov. 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.”.

Company 131
article thumbnail

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. Summit Partners Managing Director Christopher Dean and Vice President Chelsea Jurman will join ShipMonk’s board.

Boston 167
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

But what about the entrepreneurs who are still hanging onto their dreams of starting a retail business? Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts. “I

Community 148
article thumbnail

Big Brick-And-Mortars Double Down On Same-Day Delivery

PYMNTS

As brick-and-mortar retailers continue to struggle to bring in consumers, a few are taking a page out of Amazon’s book and working instead to meet consumers where they live. Macy’s, Best Buy and Kohl’s have all recently stepped up same-day delivery options that were in testing mode to full-scale operations in some locations.

article thumbnail

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.

Retail 78
article thumbnail

Shared Kitchens Help Restaurants Capture Growth Of The Food Delivery Market

PYMNTS

Introduced in 2014 alongside a handful of other experimental services, Uber Eats operates worldwide in 29 countries. And Grubhub has been in expansion mode , gobbling up Boston-based Foodler, Groupon’s OrderUp and Yelp’s Eat24 in 2017. Target Market.

Marketing 134
article thumbnail

How mPOS Helps Food Trucks Keep Up With Modern Customers

PYMNTS

Fostering this growth means enabling food truck operators to quickly accept customers’ payments as they dish out food and friendly service. Merchants must ensure their mPOS offerings seamlessly operate alongside existing fixed solutions. Frosty Ice Cream has deployed soft-serve trucks in the Boston area since 1958.