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Today In Retail: Birkenstock Might Sell To CVC; Cognira Releases AI Suite For Retail

PYMNTS

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Plus, Jennifer Lopez is depending on Flowcode for marketing of her new JLo Beauty brand. Birkenstock Discusses Potential Sale With CVC Capital Partners.

Retail 239
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Kidd & Company, T-street Capital Team To Acquire DTC Companies

PYMNTS

To form a direct-to-consumer (DTC) online commerce strategy, Kidd & Company, LLC and T-street Capital, LLC have joined forces by creating a holding company focused on buying companies called Brand Holdings, LLC. In that role, he spearheaded the shift to a DTC online brand from a catalog company.

Company 130
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CPG Companies Capitalize On Dramatic Digital Shift

PYMNTS

As the crisis pushed online grocery into exponential growth during the crisis, CPG companies are finally starting to sell and advertise online. However, the trend is separate from CPG companies going direct to consumer (D2C). Many CPG companies like Pepsi and Heinz have launched limited but innovative D2C programs.

Company 140
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Initialized Capital Management’s Fifth Fund Notches $230M

PYMNTS

Initialized Capital Management has notched $230 million for Initialized V , the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Initialized Capital Management Co-Founder Garry Tan told Bloomberg, “We love finding tomorrow’s unicorns.”. million in a Series A round.

Capital 255
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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

These are the top stories in retail for Tuesday (Nov. The automotive market is surging during the pandemic, and companies like Carvana are reaping the benefits. The company reported a stellar third quarter as used cars and contactless delivery are driving the market.

Company 131
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Merchants And The Big Retail Reset

PYMNTS

Iain McNicoll , VP of Americas/SMB for payments platform Payoneer , recently told PYMNTS that eCommerce’s market share has risen to 27 percent from just 16 percent when the pandemic began. McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. The Rebuilding Project.

Retail 318
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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. These are companies like Adore Me (lingerie), Green Goo (personal care), Shift (used cars) and Misfits Market (produce). The numbers speak for themselves.

Retail 295