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Petco Files For IPO As Demand For Pets Surges During Pandemic 

PYMNTS

The number of shares and the pricing have not yet been released. . Pets are anticipated to stay popular, with the number of households with pets going up 4 percent in 2020 alone. New pet owners account for about $4 billion in fresh demand for food and accessories. It has also narrowed its losses by 77 percent to $20.3

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Walmart Amazon Whole Paycheck Tracker: Grocery Expansions, eCommerce Improvements And Voice Extensions

PYMNTS

The first big news over the wires was official confirmation that the eCommerce giant will open an Amazon branded grocery store next year in California. Loss of the Week: Nike Says So Long to Amazon . The move ends a two-year eCommerce partnership between the two brands. Worry of the Week: Buttressing the Full eCommerce Offering.

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The Rising Fever of Account Takeover Fraud

PYMNTS

Can fraudsters still take over her accounts? “Of Of course we can,” Ersell claimed with an eerie confidence, “but you’ve made yourself a more difficult target, which reduces your chances of being hit and the severity of potential loss.” They’re using weak passwords – oftentimes, the same weak password for all of their online accounts.

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Q3 Ad-Buying Rebound Bodes Well For Holiday Sales

PYMNTS

Are media buyers burning through budgets at the last minute just to preserve them for a better shot next year, or will the ad rebound collectively help recoup 2020 losses with holiday sales? did strong Q3 numbers, with PYMNTS reporting that “Alphabet said search and other advertising revenues rose 6 percent year over year to $26.3

Sales 70
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Wayfair Keeps On Growing Strong – But Will It Ever Be Profitable?

PYMNTS

By most accounts it has been a better than good week for the team at Wayfair. By The Numbers . The online home goods retailer also beat out earnings per share estimates by $0.10, posting a loss of $0.48 That Lingering Profit Problem. They are showing no path toward profitability whatsoever,” Left said.

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Shares In Jumia Technologies Tumble After Q1 Results

PYMNTS

Shares in African eCommerce company Jumia Technologies took a dive on Monday (May 13) after Q1 losses were reported to be bigger than the year before, according to a report from Bloomberg. It also claimed that Jumia inflated its active merchant numbers and its active customer base. million euros, from a loss of 34.3

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Whole Paycheck Tracker: Amazon, Walmart Battle For Electronics Share

PYMNTS

That accounts for 2.3 For eCommerce, Americans spend about $617 a year in the electronics and appliance categories, which accounts for the highest percentage of spend at 23.3 That means it doesn’t fit into Walmart’s everyday low price model – but it does fit Amazon, which doesn’t have to use it as a loss leader.