WMT

Source: Business Insider

Summary List Placement ThredUp is the latest resale platform to go public. The resale marketplace raised $168 million in an initial public offering on Thursday, pricing its 12 million shares at $14 per share, joining the ranks of other reselling platforms that have gone public in the last few years. It was up by as much as 26% in early trading, indicating investor appetite remains strong for resale. According to research from ThredUp, the resale sector is projected to grow from $28 billion to $64 billion by 2025, despite current headwinds faced across the entire retail industry. “All the big trends are in our favor,” ThredUp CEO and cofounder James Reinhart said in a Friday morning interview with Insider. According to a filing with the Securities and Exchange Commission, ThredUp’s revenue was $186 million in 2020, up 14% over 2019. ThredUp is one of multiple resale platforms that saw an uptick in site engagement and sellers during the pandemic. In June, Reinhart said a wave of “conscious” shopping among consumers was making value a major priority.

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Source: CNN

This weekend, you’ll find a deal on Instant Pots at Walmart, a discounted Loftie alarm clock and savings on final sale styles from Adidas. All that and more below.

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Source: Economic Times India

In order to ensure parity in India’s digital payments ecosystem and prevent market dominance by any single player, the National Payments Corporation of India has issued detailed guidelines capping permissible volume that any Unified Payments Interface (UPI) app can process at 30% of the overall market.The move is among the first by a regulatory agency in India to likely prevent Big Tech firms from market monopolisation in the fast-growing digital payments sector, experts said.Starting January, 2021 on a three-month rolling basis, all UPI payment apps will be subject to a three-level threshold monitoring by NPCI with certain exemptions. A UPI app that has breached 25% of market share will receive an “alert” from NPCI which they’ll have to “acknowledge”; on exceeding 27% market cap.Post which the app must provide “evidence” to NPCI on its plans to bring down volume; and finally on the breach of permissible 30% cap, the app must stop new onboarding and provide an undertaking to NPCI. Exemptions up to six months may be provided by the non-profit umbrella body for retail payments in India, on a “case-by-case” basis to prevent customer disruptions.

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Source: Business Insider

Summary List Placement Chipotle has invested in the autonomous delivery company Nuro as part of the startup’s latest funding round, the company said on Thursday . SoftBank-backed Nuro raised $500 million as part of the Series C funding round. It is unclear if Chipotle will use Nuro for its own deliveries. Chipotle didn’t immediately respond to Insider’s request for comment and Nuro didn’t disclose the terms of the investment when asked for details. “Early investments in digital innovation have provided a competitive advantage operationally with digital kitchens and the brand’s Chipotlanes,” the company said in a statement. “Now the organization is exploring disruptive opportunities outside of traditional third-party partnerships.” The deal marks the first “significant” investment that the food chain restaurant made in a third-party technology company since Brian Niccol became CEO in 2018, the company added. “Nuro could change the traditional delivery model and we believe consumers are going to continue to seek options and additional access points for how and where they enjoy their food,” said Curt Garner, Chief Technology Officer at Chipotle.

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Source: Benzinga

For years, the global retail industry has been undergoing a major transition to interact with customers in an omni-channel retail world. This change was accelerated drastically by the pandemic. Agree Realty Corporation (NYSE: ADC ) is a real estate investment trust focused on net lease retail properties. In a new white paper , Agree discusses why retailers controlling free-standing properties have more flexibility to create the type of omnichannel shopping experience that customers want in the 21st century. What Is Net Lease Real Estate? Net lease agreements are leases in which the lessee pays some or all the taxes, fees and maintenance costs associated with the property, in addition to rent. Most importantly, in a free-standing net lease, the lessee has complete flexibility in customizing the property to fit its specific business needs. Agree Realty’s white paper outlines how this is advantageous for retail businesses, specifically, and its superiority compared to the traditional shopping center.

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Source: ValueWalk

The Broad Market Index was down 0.77% last week and 44% of stocks out-performed the index. Last Friday, Walmart Inc (NYSE:WMT) reported their 2020 annual SEC filing and completed our update for the 4th quarter providing insight on possible market directions. Q4 2020 hedge fund letters, conferences and more As for the broad market, the […] The post Walmart: Stable & Reliable Company appeared first on ValueWalk .

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Source: Business Standard

DoorDash is taking steps to address what it says are frustrations from independent drivers toting Walmart merchandise and grocery orders, including low customer tips, the company confirmed

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Source: PYMNTS

Walmart has eased requirements that its marketplace merchants be registered in the U.S., and is also bringing A-list celebrity fashion designer Brandon Maxwell on board. In “pandenomics,” consumers have come to appreciate shopping, working and ordering food from home – and many who have made the digital shift no longer wish to perform these tasks out in the world. And in sportswear, supply chain challenges have led to a […]

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Source: Business Wire

CINCINNATI–(BUSINESS WIRE)–Today, Herbal Essences, in partnership with The Nature Conservancy (TNC) and TerraCycle, announced the “Renew the Forest” program, that calls upon Walmart customers to take on the planet’s biggest problems and protect the world’s natural wonders. In support of TNC’s Plant a Billion Trees program, Herbal Essences will plant one tree in the U.S. for every purchase of two select bio:renew shampoo and/or conditioner products from Walmart / Walmart.com, including Hemp &a

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Source: Investing.com

https://www.investing.com/news/technology-news/exclusive-low-tips-long-waits-doordash-takes-on-drivers-walmart-gripes-2453112

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