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Driving Retail’s Rebound With A Human Capital Revamp

PYMNTS

As John Orr , senior vice president of retail at Ceridian , recently described to Karen Webster, the retailers employing a mix of in-store purchases, curbside pickup and online sales were more inclined to bounce back. Payroll, as a component of the broader workforce management strategy, is well-positioned for a digital facelift.

Capital 277
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PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

Even online merchants who offer customers extended warranties at the time of sale traditionally see about a 4 percent or 5 percent conversion rate. Meritech Capital led the funding round, with participation from existing investors Great Point Ventures and Shah Capital Partners.

Online 334
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Pandemic Accelerates Social Commerce; Gives Brands New Selling Option

PYMNTS

Through this year’s Levi’s Haus Miami activation, the brand partnered with TikTok influencers Callen Schaub , Cosette Rinab , Gabby Morrison and Everett Williams to create customized denim using Future Finish 3-D denim customization technology. For example, fashion brands have found success on Instagram and its visual strength.

Branding 148
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Amazon Launches Online Pharmacy In Bengaluru, India

PYMNTS

Amazon India has added an online pharmacy to its offerings in Bengaluru, one of the nation’s largest cities with a population of nearly 12 million. In addition, Medlife, Netmeds, Temasek-backed PharmEasy and Sequoia Capital-backed 1mg.com compete for sales in the pill market. Amazon started moving into the health space in 2017.

Online 194
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Today In Retail: Bed Bath & Beyond Inc. Enters Deal To Sell Cost Plus; Authentic Brands Might Buy Arcadia Group and Debenhams

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has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. has entered into a definitive arrangement to sell Cost Plus World Market to Kingswood Capital Management. Riley Securities Inc.

Branding 131
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Auto1 Online Car Marketplace Plans To Go Public

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Auto1 said it would put about three-quarters of that back into its business, which includes its Autohero website brand. In July, Auto1 raised $300 million in funding in a round led by Farallon Capital Management and the Baupost Group. Revenue grew by 21 percent to reach 3.5 billion euros in 2019.

Online 131
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Fitness Platform Raises $5M For Online Workouts

PYMNTS

Bloomberg News reported NEOU , the New York-based live streaming and on-demand platform for trainers, has raised $5 million in capital from investors including Ares Management Corp., the Los Angeles-based alternative asset manager. I believe at-home fitness is a mega-trend in the wellness industry,” Ares Management Corp.

Online 130