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Return Season Hits Hard; Some Retailers See Bright Side Of Customer Experience

PYMNTS

The dreaded returns season has hit retail with a predictable but painful thud. With Mastercard putting a 49 percent tag on the eCommerce spike for the holidays, this year will be the toughest on record for handling what is a resource- and capital-intensive task. In the brick-and-mortar retail era it was a nuisance to be avoided.

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Designer Brands Reports 44.7 Pct Drop In Net Sales Amid Pandemic

PYMNTS

Designer Brands Inc. The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. ” Designer Brands said it has successfully opened roughly 90 percent of its overall store base, and it foresees having almost all of its North American locations open by the conclusion of June.

Branding 141
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Shogun Brings Big Retail Tech To Digital-First Retailers

PYMNTS

Four years and $35 million in venture capital funding later, Taylor’s company is expanding and simplifying the ability for eCommerce companies to build sophisticated yet simple web stores. Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS.

Retail 226
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Report: Instacart Is Mulling IPO

PYMNTS

8) that it had received $200 million in new capital from existing investors Valiant Peregrine Fund and D1 Capital Partners, boosting Instacart's valuation to $17.7 Instacart states in promotional materials that it has relationships with 500 retailers that have 40,000 locations in the United States and Canada.

Report 268
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Returnly Raises $19M To Help Retailers Handle Returns

PYMNTS

In a press release , the company said the Series B round of funding was led by Craft Ventures, the venture capital fund co-founded by serial entrepreneur David Sacks. Returnly said it will use proceeds from the fundraising to help retailers compete against Amazon by growing its merchant services and expanding its product offering.

Retail 134
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Capital One Posts Mixed Results Amid Tech Transformation

PYMNTS

Capital One ’s domestic card business provided strong results and continued to pick up momentum, the bank said on Thursday (October 24). In terms of the company’s partnership with Walmart , Fairbank said the company launched the new Walmart co-brand and private-label cards on September 24. billion, an increase of $1.7

Capital 101
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Weekly Wrap: Brex ramps up brand strategy, while Chase focuses on data security

Bank Innovation

In this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: Corporate card and financial product startup Brex’s marketing strategy; Inspired Capital’s recent investment in business banking platform Rho; and […].

Strategy 243