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Retail Pulse: Mattress Firm Mulls Bankruptcy; Walmart Plans Robotic Grocery Pickup

PYMNTS

The brand could close between 600 to 1,000 of its 3,000 locations this year, according to some predictions – and is reportedly considering bankruptcy, people familiar with the matter have told Reuters. And, as a brand, Mattress Firm itself has faced some challenges: In 2017, former supplier Tempur Sealy International Inc.

Retail 105
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. According to Carvana Chief Brand Officer Ryan Keeton, opening new markets brings an uptick in overall business. “We Wall Street is a tough master, especially for eCommerce companies. New Markets. Ontario (L.A.),

Company 130
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The Return Of The Celebrity-Backed Brand

PYMNTS

Celebrity brand endorsement is nothing new. In their hundreds of years of existence, the celebrity endorsement has become an increasingly prominent part of branding — so prominent, in fact, that by the end of the 20th century, they weren’t just endorsing products. Her fragrance was only sold online. It was a smash hit.

Branding 101
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Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News

PYMNTS

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. At the same time, payment service providers (PSPs) are scrambling to find ways to authenticate these customers without bringing about more friction to online transactions. As of Oct.

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