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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. The ShipMonk funding is part of a surge in cash going to such B2B companies as GoSite , which targets small and medium-size businesses (SMBs) that are moving operations online.

Boston 167
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Mobile Order-Ahead Sector Goes All-In On AI

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Advanced AI means reducing chargebacks, saving inventory, maintaining brand loyalty and spending more time managing the lunch rush than worrying about fraud.”. To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain.

Mobile 289
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DraftKings Cuts Deal With Turner Sports, Bleacher Report

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The Boston-based sports fantasy operator said in the release Thursday (Oct. DraftKings said in the release that it also sees a significant growth opportunity in working with B/R, calling it “the most engaged digital sports media brand in the sports betting industry.”.

Report 141
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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

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As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Under the terms of the deal, Aurify Brands would allow at least 35 of its U.S.

Florida 131
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The Restaurant Group To Slash 125 UK Locations

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What The Restaurant Group wants to do is lower its rent in 85 locations to keep them operating. There is one shining light in the company’s operations: the pan-Asian brand Wagamama, which has performed well since the Restaurant Group bought it in 2018. All told, the group could be left with 160 locations.

Groups 131
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Canada Goose Outerwear Company Is Flying High

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a premium outerwear brand known for its goose-down jackets with fur-trimmed hoods, has announced that it plans to open three more retail locations in the fall: in Boston, Calgary and Tokyo. The new Boston Canada Goose store will be located in the urban, upscale Prudential Center shopping mall. The Canada Goose is migrating.

Company 101
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Car Marketplace CarGurus Has Acquired Autolist

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CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. CarGurus is a successful company that went public in 2017, and it’s going to keep Autolist as its own brand and website. PistonHeads also still operates under its own brand name. “We