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Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Of course, it’s revenue, not size, that has been USPS’ problem. Not Walmart (5,500 stores).

Retail 169
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Walmart Eyes FinTech Expansion With Ribbit Capital Partnership

PYMNTS

As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. 11) “bring together Walmart’s retail knowledge and scale with Ribbit’s FinTech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates.”.

Capital 155
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‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

But for non-essential retail, stepping up takes more commitment, risk and money. It’s in the non-essential category that true retail heroes are showing up amid the coronavirus pandemic. 1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants.

Retail 167
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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

Pet retail is having a moment, with innovation and other efforts helping merchants better reach owners of dogs, cats and other household animals. Pawscout, as it turns out, just launched its $20 pet tags in Walmart — and is selling the product via other retailers, Chavez told PYMNTS. physical retail landscape. Pet Medicine.

Retail 122
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How An Online Automotive Deal Is Fueling A Retail Trend

PYMNTS

Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, reportedly has bought Jualo, an online marketplace for used goods from some 300 product categories. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Retail Waste.

Online 112
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Lucky Brand Starts Chapter 11 Proceedings, Seeks Sale

PYMNTS

The retailer said it has received new financing commitments that will offer enough liquidity to fund it until the sale’s closing, according to an announcement. In addition, the retailer said new Authentic Brands Group LLC subsidiary ABG-Lucky LLC will buy all of its intellectual property assets. Houlihan Lokey Capital, Inc.

Branding 136
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Square’s Stock Rally Looks Pretty Well-Rounded

PYMNTS

Of course, voting is a bit of popularity contest, and as retail investors (and some institutional ones) crowd into a stock, they can quickly bid its price up — as is happening these days with payments processor Square. Verse will operate independently, although the team is being folded into Square’s Cash App operations.

Course 250