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Grocery Tracker: Food Markets’ Lag In Online Presence

PYMNTS

In other organic grocery news, former Sprouts Farmers Market CEO and current Chairman Doug Sanders is reportedly stepping down from his board position effective Feb. Overall, online retail in the U.S. In 2015, grocery purchases accounted for less than 2 percent of the $341 billion spent online. 20 of next year.

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Clothing Reseller ThredUp Files For IPO

PYMNTS

Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., The company, based in Oakland, California, is one of the growing numbers of eCommerce sites trafficking in used goods, competing with old stalwarts like Salvation Army Thrift Stores. Bloomberg reports.

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Payments processor Marqeta climbs after $1.23 billion IPO

BankInovation

an online card and payment processing company, rose as much as 21% in its trading debut after raising $1.23 billion in an initial public offering priced above a marketed range. Shares of the Oakland, California-based company were up 11.4% Wednesday in New York trading, giving it a market […]. Marqeta Inc.,

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Marqeta Preps For IPO, Had $4.3B Valuation In May

PYMNTS

Oakland, California-based issuer processor Marqeta , which is backed by Goldman Sachs , is preparing for an initial public offering (IPO) and seeking out investment banks for advice, Reuters reported. In May, Marqeta raised $150 million in a private funding round and doubled its value to $4.3 The IPO could come by 2021, Reuters reported.

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B&M’s Inventory Issues Aren’t Going Away Online

PYMNTS

Ever since consumers made it clear that they weren’t going to give traditional brands the benefit of the doubt if they couldn’t pivot toward online sales, it’s largely been big-box merchants, like Target and Macy’s, that have blamed supply chain issues for empty shelves, delayed delivery estimates or overflowing stock rooms.

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Wine.com Uncorks A Vintage Year

PYMNTS

The 2019 wine retailer of the year was online – specifically, it was a good year for Wine.com. There are gatekeepers for economic reasons all over the world of online retail. The company’s growth has been consistent with the overall online retail category. wine sales are sold online currently.

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CFPB Sues LendUp Loans for Allegedly Violating 2016 Consent Order and Allegedly Continuing to Deceive Borrowers

CFPB Monitor

The CFPB has filed a lawsuit against Oakland, CA-based online lender LendUpLoans alleging that LendUp is in violation of a 2016 Consent Order that required the lender to pay over $3.5 In the Complaint filed last week in the U.S.

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