Poshmark, a well-known online marketplace for new and pre-owned clothing, recently unveiled a significant overhaul of its fee structure, a move touted as a step toward simplifying fees and potentially boosting sellers' earnings. However, the reaction from the Poshmark community has been
Frate, a startup based in Toronto, has captured notable attention in the retail industry by securing C$3.6 million in an oversubscribed seed funding round. This funding effort was led by an array of influential investors, including Matchstick Ventures, 2048 Ventures, Whitecap Venture Partners,
As the holiday season approaches, consumers and retailers alike brace for what promises to be a phenomenal surge in online retail sales. According to a report by Adobe Analytics, online holiday sales in the U.S. are projected to reach an unprecedented $240.8 billion from November 1 through December
The Bank of Canada (BOC) recently made headlines with its decision to scale back its work on a retail central bank digital currency (CBDC) in favor of more immediate priorities. This pivot represents a significant shift in focus and highlights the bank's pressing need to address broader
Pepco Group, a notable European discount retailer with brands like Pepco, Dealz, and Poundland, recently reported a mixed financial performance for the fourth quarter of its fiscal year. The company achieved growth in overall fiscal year revenue through new store openings but encountered a drop in
Akt London, a British natural deodorant brand founded by West End performers Andy Coxon and Ed Currie, is at a pivotal stage in its development, marked by a recent infusion of $7 million in funding from Felix Capital. This latest round of investment brings the company's total funding since its
The landscape of loyalty schemes and broader marketing strategies has witnessed a dramatic transformation from 2018 to 2024, influenced by increased competition, economic pressures, technological advancements, and shifts in consumer behavior. Loyalty programs, which once seemed outdated and
Introduction In the ever-evolving retail industry, ensuring the security of point-of-sale (POS) systems is paramount. POS fraud can significantly impact a business’s financial health and reputation. BMA International, a major fashion retail operator in the Middle East and Asia, successfully tackled
North Carolina is on the brink of a new era in sports betting. Following the success of its mobile wagering platform, the state is making strides to integrate retail sports betting. This development, driven by the North Carolina Lottery Commission's recent actions, marks a pivotal moment in
The accelerating pace of digital commerce has created a heightened urgency for businesses to migrate to modern e-commerce platforms. According to a recent study by Commercetools, titled "State of eCommerce: Replatforming and Migration Trends for 2024," 77% of businesses feel compelled to
