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How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 177
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Designer Brands Reports 44.7 Pct Drop In Net Sales Amid Pandemic

PYMNTS

The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. percent for the first quarter of 2020, in comparison to a 3 percent rise in the same quarter of fiscal 2019, according to an announcement. .” In separate news, retailer Express Inc. percent to $482.8

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Webrooming Returns For An Encore

PYMNTS

Webrooming, before the pandemic, was a full-on retailing trend. But as the pandemic-driven digital shift gains traction, retailers have to be wondering if consumers will use websites to comparison shop for brick-and-mortar retail (webrooming) or whether they’ll go back to shopping retail to order online (showrooming).

Retail 175
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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

As such, automakers are hitting the venture capital highway in droves. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. Ridesharing.

Capital 109
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What Might Stop the SPAC Train in its Tracks?

PYMNTS

Increased retail trading activity has also boosted interest in early-stage SPAC targets. If there is no deal — in other words, if there are no acquisition targets that spark a deal, then after a set period of time (typically two years), the SPAC gives the capital back to the investors, and the investment vehicle is liquidated.

Training 203
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Indian Delivery Startup Dunzo Notches $45M In Funding Round

PYMNTS

Google, Lightbox Ventures, STIC Investment, STIC Ventures and 3L Capital all participated in the round, which values the company at around $200 million. The company is operational in eight cities in India — Chennai, Bangalore, Delhi, Noida, Pune, Gurgaon, Powai and Hyderabad. So far, Dunzo has raised $81 million.

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Gap Brand CEO Stepping Down

PYMNTS

Gap Brand announced that its CEO Jeff Kirwan was leaving the company, just as the retailer gets ready to reveal its fourth-quarter results. While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand,” Gap Inc.’s

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