Retail sales

Luxury Reseller Cudoni Adds eBay, Others With $9M Fundraise
Luxury Reseller Cudoni Adds eBay, Others With $9M Fundraise
January 23, 2023  |  Retail

Investors see an opportunity to expand a VIP service in the growing luxury resale space. Cudoni, a United Kingdom-based luxury resale platform, has raised 7.5...

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Amazon, Walmart Face Retail Industry Slump and Stalled Grocery
Amazon, Walmart Face Retail Industry Slump and Stalled Grocery
January 20, 2023  |  Retail

A week of soft holiday season sales data combined with fresh cautious commentary from competitors could spark a strategic shift among the top-two retailers this...

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Wayfair to Cut 10% of Global Workforce
Wayfair to Cut 10% of Global Workforce
January 20, 2023  |  Retail

Wayfair is cutting 10% of its global workforce, including 18% of its corporate employees. The home goods retailer said in a Friday (Jan. 20) press release that these...

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PayPal and Small Business Founders on the Power of Saying No
PayPal and Small Business Founders on the Power of Saying No
January 20, 2023  |  Payment Methods

Never dismiss inspiration, planning, partners and a little luck when running a small business. That’s one takeaway from an engaging episode of PYMNTS SMB-TV featuring Stephanie...

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Procter & Gamble Sees No Shift in Consumers’ Private Label Trade-Down
Procter & Gamble Sees No Shift in Consumers’ Private Label Trade-Down
January 19, 2023  |  Retail

Consumer packaged goods giant Procter & Gamble said it has no plans to change strategy as it continues to work through a difficult cost and...

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Vrai Ramps Omnichannel Approach Amid Surging Demand for Lab-Grown Diamonds
Vrai Ramps Omnichannel Approach Amid Surging Demand for Lab-Grown Diamonds
January 19, 2023  |  Retail

Lab-grown diamonds are gaining ground with consumers and retailers as sustainability meets luxury online and in-store. If there’s one brand to watch, it’s VRAI (pronounced...

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Warm Weather and Warehouse Issues Stomp on Doc Martens’ Profits
Warm Weather and Warehouse Issues Stomp on Doc Martens’ Profits
January 19, 2023  |  Retail

Bootmaker Dr. Martens is blaming balmy weather and warehouse troubles for declining profits. In a trading update Thursday (Jan. 19), CEO Kenny Wilson said that while demand for the...

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Slumping Retail Sales Signal Pain for Main Street’s Small Business Operators 
Slumping Retail Sales Signal Pain for Main Street’s Small Business Operators 
January 18, 2023  |  SMBs

The small businesses lining Main Street will feel a profit pinch as consumers’ wallets snap shut. Coming into the new year, these firms — the nail salons,...

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BNPL Firm Tabby Raises $58M Series C for Expansion
BNPL Firm Tabby Raises $58M Series C for Expansion
January 18, 2023  |  Buy Now Pay Later

Dubai-based FinTech Tabby has raised $58 million in a Series C funding round. Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and...

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