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Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis.
Boston is home to the world’s “statement race” — the Boston Marathon. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world.
7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.
Truepill , an online pharmacy powering delivery for direct-to-consumer healthcare brands, announced Wednesday (Sept. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC.,
Salsify , a startup that helps companies and their brands “win on the digital shelf,” has just raised another $155 million as it doubles down on product development and expands globally. 23) that they have closed on a deal with the Boston-based software and eCommerce company for $155 million in a Series E round of financing.
The brand will only sell its “Glossier You” fragrance, which has become one of the top-rated products on Glossier.com since rolling out in October 2017, CNBC reported. Nordstrom has had an industry reputation for being a much-desired partner for up-and-coming online brands that are seeking to grow. fragrance sales.”.
ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. Small and medium-sized brands are working at an incredible pace to keep up with both increased demand and consumers’ service-level expectations,” said Jan Bednar , ShipMonk's founder and CEO.
True Fit , the Boston-based startup that helps connect customers with shoes and apparel that fits them really, really well, recently announced a $25 million investment from Intel Capital that it will use to expand its business, according to a report from TechCrunch. 2015 that it used for expansion.
The company’s intellectual property is set to be purchased by Kensington Capital Holdings, a family investment office located just outside of the Boston area, for $15 million. Following this deal, it partnered RadioShack with Sprint Corporation to co-brand 1,400 stores.
And when Boston area consumers ran into the boxes, their first thought wasn’t “viral marketing stunt” – it was “bomb.” Turner Broadcasting System, the owner of the Cartoon Network, ultimately ended up paying a $2 million fine to the city of Boston and apologizing. But they didn’t. They promptly called in law enforcement.
Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. These are the top stories in retail for Tuesday (Nov.
As the buyer of the luxury retailer brand negotiates with the store’s landlord, Barneys New York’s flagship store on Madison Avenue in Manhattan will stay open for at least another year in a smaller form. Authentic Brands bid about $271 million for Barneys, saying that it would make the Madison Avenue location into a pop-up shop.
Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. The access is exclusive to Caesars locations across select states where the company operates casino properties. and Australia.
Word on the street is that B2B startups may be landing on the same path as B2C startups when it comes to the venture capital wells drying up. It could explain India’s rare absence from our B2B Venture Capital Roundup this week. Instead, the funding landed in the U.S., eProcurement. ”
With the help of Robomart , a startup based in California, the grocery chain plans to bring produce, convenience items and meal kits to the customers’ doors through roving autonomous mobile stores in the Boston area. And Indochino , a digitally native made-to-measure menswear brand, has plans to grow its brick-and-mortar footprint this year.
Jeff Binder, CEO of Layer3, was quoted by The Washington Post as saying, “We’re the first cable company in … 10 years to come that’s brand new. Consumers haven’t had a young innovative company to provide [pay TV] services to them since the mid-1990s, when Dish and DirectTV came on the scene.”.
In the past two years alone, there have been 650 venture capital investments for artificial intelligence technologies — totaling more than $5 billion — and PricewaterhouseCoopers (PwC) is predicting that figure will reach a market value of $70 billion by the year 2020.
According to reports, the Boston-based chain has filed for bankruptcy as it looks to restructure its debt load and conduct a sale process. We believe this process will allow the company to right-size its balance sheet, reduce its debt and focus on improving the business and stabilizing the brand,” Bennett added.
Even as consumer expectation rises, a mere 25 percent of retailers are confident that they’re meeting the omnichannel demands of the retail industry, according to Boston Retail Partner research. The ability for retailers to capitalize on omnichannel shoppers seems to not quite be in the optimal spot yet.
Brex Co-Founder and Co-CEO Henrique Dubugras said in a press release , “Even before customers think about credit cards, they need a place to store their business capital. Taco Bell is among the major restaurant brands that has teamed with delivery service provider Grubhub to reach customers. Inside Taco Bell’s Omnichannel Overhaul.
Select VC Investors: Khosla Ventures, Social Capital. Select VC Investors: Cue Ball Capital, Valley Oak Investments. MiniLuxe is a nail and beauty lifestyle lounge with locations in Dallas, Rhode Island, Los Angeles, and Boston. Select VC Investors: Otium Capital. Select VC Investors: Venture Capital.
With DineVite, consumers and restaurants get a better deal, since the restaurants can offer a deal to customers that they are comfortable with and consumers capitalize on it. As the year rolls on he expects to launch in Seattle, Los Angeles, San Francisco, Austin, Dallas, Houston, Chicago, Boston and Miami.
Whether you call it happy hour, apéro, or aperitivo, the couple of hours right after work and before dinner is a key drinking occasion for major alcohol brands. To tap into the craft spirits and new alcoholic beverages trends, major alcohol companies such as Diageo, AB InBev, and Pernod Ricard have all started to invest in emerging brands.
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. Additionally, many of these physical retailers have lost the cache they once had as new direct-to-consumer brands with a hyper-focus on specific products have taken off.
The weather in Boston – and it’s about darn time. The hope is that the brand/experience convo will lure in customers and keep them buying. Their retail experience needs a bit of reinventing , and she did that for the iconic brand when she joined them. You want to know what really sizzled this week? Burberry, Ms.
Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments.
“The idea of curbside pickup is that shoppers are demanding the ability to get purchases however they want and wherever they want,” said Laura Kennedy, director of retail insights at Boston-based Kantar Retail. “A
The game will be the main event for most people, particularly for fans in Boston and Philadelphia, as both cities are known for being ever so slightly fanatical about their sports teams. [GO Once the brand ran out of German shepherd masks, Eagles fans adopted other dogs. Hey, we’re Boston-based. But not everyone. This from St.
The percentage of sales lost by those physical store franchises can be seen not only in the pretty charts and graphs that we produce and share on a regular basis but the ongoing drumbeat of the national and regional store closings for those brands that can no longer keep up. And just like every other industry, there’s concentration.
This solution will make it easier for receivers in those markets to receive and use funds instantly (via their bank-issued Visa-branded debit card or Visa-branded prepaid card), and senders may choose the option by which to send those funds. All of those transactions will happen in near real time, he explained. billion euros.
Innovation centers across the globe in Boston, London, California, and Shanghai serve as regional hubs that can connect with local entrepreneurs, scientists, and technologies. Boston Children’s Hospital — Innovation and Digital Health Accelerator (IDHA). Boston Children’s Hospital created an in-house innovation accelerator.
The media has declared chatbots the digital version of the little black dress: a technology staple that every brand must now have and every payment type must now commerce-enable. We take our weather very seriously in Boston. Spare me the cutesy icon that tries to make a joke about it.
New restaurant concepts are redefining how we think about food, pushing established brands to reinvent themselves, spurring entrepreneurs to be creative with visual platforms like Instagram and recipes like pea-based protein, and paving a new way forward for the idea of casual dining itself. Americans dine out more than ever before.
Thinking that way misses a much bigger point: That is, looking at an “average” percent of sales done in a physical store is about as accurate as following the Farmer’s Almanac ‘s prediction of the average amount of snowfall in Boston each winter by examining how furry the caterpillars are. Take books, for example.
What we will say is that fun times with family, the dazzling display of fireworks and the perfunctory cookouts and beach time, truly and totally make this upcoming weekend one very big sizzle wrapped around what appears to be in Boston, at least, abundant doses of sunshine. Seriously a Sizzle! and the U.K. contemplate their own moves.
They are a diverse group of players, ranging from automotive industry stalwarts to leading technology brands and telecommunications companies. A few of the companies or brands listed below belong to the same parent organization, but are detailed separately if they are operating distinct autonomous development programs.
Select Investors: Data Collective, Intel Capital, Microsoft Ventures, Tencent Holdings. Frankel also sees the startup’s location in Boston as giving them an “unfair advantage” in talent acquisition. Bilal Zuberi, Lux Capital. Select Investors: Bezos Expeditions, Lux Capital, Shasta Ventures. Element AI. Data Collective.
Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. Bain, whose co-founders would go on to start Bain Capital, had a particular expertise in finance from the beginning.
Five have been acquired in the past few years including two by large legacy banks ( Capital One bought Lola , US Bancorp acquired Bento for Business) and will stay on this list as long as they operate as independent brands ( Lola is no longer a separate unit ).
Two have been acquired by large banks, but they will stay on this list as long as they are operated as an independent brand. Lola (acquired by Capital One, 2021) FAB Score = 11. – HQ: Boston. Below is a ranked list of the 17 challenger business credit cards currently active in the United States. Tribal Credit. Founded: 2018.
Two have been acquired by large banks, but they will stay on this list as long as they are operated as an independent brand. Lola (acquired by Capital One, 2021) FAB Score = 11. – HQ: Boston. Below is a ranked list of the 17 challenger business credit cards currently active in the United States. Tribal Credit. Founded: 2018.
Ohio-based Spangler Candy Company won the auction with a bid of just under $19 million, The Boston Globe reported. “We We started as a family-owned candy company back in 1847, [and] we’re thrilled to work with a fourth-generation candy company that brings new stewardship to our brands,” Necco Chief Executive Michael McGee told the Globe. “I
This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. With large banks, including Ally and Capital One, officially doing away with overdraft fees, banks and credit unions will have to decide how they want to handle the new reality. Enough said?
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