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Building An Online Brand, In Real Life (#IRL)

PYMNTS

And, rather than spending on overhead costs like stores and inventory, the company launched online, selling directly to consumers. There’s nothing more disappointing than ordering something online and it not being up to the quality you expect and that you paid for. Finding a Virtual Fit. The future of footwear may just be digital.

Online 100
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Mobile Order-Ahead Sector Goes All-In On AI

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That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors.

Mobile 289
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Data: Luxury Goods Sales May Drop 35 Pct This Year

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While sales fell 25 percent in the first quarter, the slowdown is expected to accelerate in the second quarter and could lead to an estimated contraction by as much as 35 percent for the year, said the Boston-based investment firm. Online luxury has remained resilient, while brand name stores and department stores have seen sharp drops.

Data 151
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Gambling Site DraftKings To Sell More Shares In $1.6B IPO

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The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech’s proven technology platform, we will accelerate our innovation, growth and scale,” he said. “I

Boston 174
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The Truth Is In The Data, Not The Mirror

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Finding a pair that fits her waist comfortably without needing to be hemmed six inches is a nearly impossible task even in a store, where she can try on pair after pair — let alone online, where she essentially has to guess whether the jeans will fit, and then go through the rigmarole of returning them if they don’t. Fashion Tech.

Data 116
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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

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the Federal Reserve Bank of Boston said, “To date, U.S. This figure includes new users of online banking platforms or money management FinTechs, services that are covered under U.K. Access to APIs and the dynamic personalization enabled by open banking and data sharing are the new frontier in banking. And that is not all.

US 171
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DraftKings To Merge With Other Companies, Go Public

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Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Las Vegas 130