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Costco Wholesale Broadens Online Selection Amid eCommerce Growth

PYMNTS

Amid growth in its eCommerce sales and online selections, Costco Wholesale Corporation beat analysts’ estimates for earnings , but fell short on top-line revenues for the second quarter. For buy-online-pick-up-in-store, Galanti said Costco has expanded its selection within categories such as handbags, electronics and jewelry.

Online 130
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. So, providing retailers with a new storefront in an ecosystem of 1.5 Online to offline coming to Walmart near you, and we mean that sincerely.

Lending 101
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78
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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

John Cronin, an analyst at Goodbody’s, told the Financial Times that by using banking partnerships, Amazon could “significantly extend” its SMB lending platform, “without any associated credit risk of regulatory obligations (in the context of capital and liquidity and so forth).”. The Expanding Range of Amazon Offerings .

Austin 131
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Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Here’s IBM’s chairman minimizing how Amazon might transform retail and internet sales all the way back in 1999. “Amazon.com is a very interesting retail concept, but wait till you see what Wal-Mart is gearing up to do,” he said [IBM Chairman, Louis V. Gerstner Jr.]. We have ‘I’.

Bitcoin 78
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Breaking Down The Multi-Billion Dollar Supplements Landscape

CB Insights

Home Delivery: These companies offer online purchases and home delivery, such as Elysium and HVMN. Retail: These companies offer products in retail outlets such as pharmacy chains and grocery stores, but may also often have online ordering and home delivery options. Sequel Venture Partners, Pegasus Capital Advisors.

Capital 54
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The Roil Over B2B Payments Rails

PYMNTS

Omaha, Nebraska — Buffet’s birthplace — was the home of the First Transcontinental Railroad , which made railroads an important part of the Omaha economy. When funds settle isn’t much of a friction, since, with that information in hand, decisions about cash and working capital can be made. That’s also where we’ve seen banks innovate.

Payments 192