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Allbirds Focuses On Store Growth, Global Expansion

PYMNTS

Wool footwear brand Allbirds is wagering on physical retail stores despite the coronavirus. In October, the firm will open its 22 nd retail location in its home state of California. One rationale for the company making its own retail location network was to steer clear of the pressures from merchants and wholesalers.

Retail 256
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The Vicious Circle Of Physical Retail Meets The Virtuous Circle of Digital

PYMNTS

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Last week, Constellation Brands purchased Empathy Wines , a direct-to-consumer (DTC) eCommerce business that sells wines from California vineyards. It reportedly purchased this digital upstart — one with a reported (and very small) $3.9

Retail 259
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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

Securities and Exchanges Commission (SEC) charged California’s Abra for failing to register before offering and selling securities-based swaps. The company did not transact those swaps on a national registry, according to a press release. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170
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Starship Technologies Rolls Out Robotic Food Delivery In Arizona

PYMNTS

Beyond Tempe, Starship brought on a grocery delivery service in the nation’s capital last month and grew to Irvine, California. As previously reported , Starship Technologies planned to expand and deliver everything from pizza to Starbucks to university students throughout the nation.

Arizona 267
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VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. Kibo added, “We love global companies with very capital efficient structures.”.

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OneWest Bank Unveils Mobile App For Small Businesses

PYMNTS

CIT’s Southern California branch network, OneWest Bank , unveiled a new mobile app to help small businesses meet their financial goals. Customers using the app can also ask for funding to aid their working capital and equipment financing needs from their mobile devices. In separate news, a J.D. Power 2019 U.S.

Mobile 131
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Jury On 5G Introduction Is Still Out

PYMNTS

For retailers, it was supposed to be the year of 5G. Recent research from Gartner finds that 46 percent of retailers expected to deploy augmented reality (AR) or virtual reality (VR) solutions this year. That doesn’t mean, however, that the star turn expected from connectivity’s guiding light this year will happen.

Apple 153