CFO News Room

NOVEMBER 15, 2022

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Over the same period, investment dollars in IoT startups fell 57.2% billion, PitchBook said.

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Startups Retail Economics Technology 100

Future CFO

DECEMBER 11, 2023

The CFO role has been seeing shifts in the retail industry recently, as the position is seemingly no longer tied to the finance function per se, according to Ernst & Young. Acing the technology revolution One of the key takeaways from the discussion was the integral role of technology in modern retail operations.

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CFO Retail Forecasting Technology 52

CFO News

APRIL 16, 2024

India's consumer and retail sector experienced a surge in M&A and private equity deal activity in the March quarter. billion, with a focus on acquisitions and investments in the food processing and healthy food market segments. The sector recorded 102 deals valued at $1.74

Retail 40

Retail Investments Marketing 40

CFO News

APRIL 24, 2024

This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55

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Valuation Investments Retail Marketing 52

Future CFO

AUGUST 3, 2023

Global VC investment dropped for the sixth consecutive quarter in Q2’2023 – falling from US$86.2 In Asia, VC investment fell for the 6th consecutive quarter, reaching only $20.1 The Americas accounted for the largest share of VC investment with $42.9 The Americas accounted for the largest share of VC investment with $42.9

Investments 52

Investments Concentration Startups Education 52

PYMNTS

JANUARY 18, 2021

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

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Retail Sales eCommerce Investments 123

PYMNTS

NOVEMBER 20, 2019

As the year winds down – and holiday shopping picks up – clarity is emerging about which retail investments might pay off in the new decade, and which merchants might be in trouble. The two retailers cut their annual forecasts for the second time this year. Take retail chain Target as one example. Delivery Growth.

Investments 54

Investments Retail Profit and Loss eCommerce 54

PYMNTS

JULY 5, 2020

an investment company owned by the Singapore government, are in talks to invest as much as $1 billion for Tokopedia , sources told Bloomberg News. The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1

eCommerce 105

eCommerce Investments Startups Retail 105

CFO News

SEPTEMBER 26, 2023

Abu Dhabi Investment Authority (ADIA) is reportedly looking to invest $600 million in Mukesh Ambani's retail empire, Reliance Retail Ventures (RRVL), at valuations significantly higher than those in the previous round three years ago. ADIA already holds a 1.2%

Retail 52

Retail Valuation Investments 52

CFO News

JULY 7, 2023

Global investment firm Bernstein in a May report valued the holding company of Reliance Retail, called Reliance Retail Ventures (RRVL), at $131 billion (₹10.82 RIL owns 85% of RRVL, which in turn owns more than 99% of Reliance Retail. lakh crore).

Retail 52

Retail Investments 52

PYMNTS

AUGUST 7, 2020

“If this becomes a tsunami of retailers rejecting their leases, it’s going to trigger another part of the sea change — the mortgages held by the landlords.”. Toronto-based investment group Brookfield has been forced to skip mortgage payments as stores in its malls miss rent payments, PYMNTS previously reported.

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Retail Restructuring Leverage Securities 141

VCFO

JUNE 2, 2023

Navigating a New Era of Retail – Three Financial and Operational Factors The market and operating environments of retail businesses have undergone dramatic transformations since the turn of the millennium; transformations that accelerated significantly more with the outset of the COVID pandemic.

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Retail Finance Leverage Technology 65

PYMNTS

NOVEMBER 20, 2020

that focuses on early-stage firms, led the investment round. The startup has since expanded into eCommerce with a service targeted at retailers and other online merchants, Chipper Checkout. Other services on Chipper’s expanded menu include investments, cryptocurrency trading and API payments solutions. Stripe, the U.S.-based

Investments 132

Investments Startups eCommerce Retail 132

PYMNTS

OCTOBER 14, 2020

Spend management was the focus of innovation in the commercial card space this week thanks to partnerships and investments in firms aiming to help companies keep track of expenses. Spendesk Lands $18M Investment. Spendesk’s new investment comes from Eight Roads Ventures and brings the overall raised to $68.5

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Investments Finance Technology Retail 95

PYMNTS

OCTOBER 19, 2020

Silicon Valley checkout-free, autonomous retail startup AiFi has secured a new round of funding, bringing its total raised to $30 million, the company said in a press release on Monday (Oct. He added that Qualcomm is “very impressed” with AiFi's edge-computing solutions.

Startups 90

Startups Securities Retail Investments 90

CFO News

AUGUST 22, 2023

: Reliance Retail Ventures Ltd, the retail business of Mukesh Ambani’s Reliance Industries Ltd, is looking to raise Rs3,048 crore through an infrastructure investment trust (InvIT) of its warehousing and logistics infrastructure assets, shows a draft document filed with Sebi.

Retail 52

Retail Investments 52

PYMNTS

JANUARY 8, 2021

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. Further, the biannual report released by the Real Estate Board of New York (REBNY), found that retail rents in Manhattan declined across all 17 corridors it tracks. .

Retail 99

Retail Investments Marketing 99

Future CFO

JANUARY 4, 2023

Digital native retail businesses are expected to see resounding success in the coming few years, but their existing strategies might need a tweak soon as traditional retailers are catching up, said Bain & Company recently. Digital native retail businesses are retailers which initially operated exclusively online, Bain defined.

Retail 52

Retail Profit and Loss Advertising Forecasting 52

PYMNTS

APRIL 19, 2020

Funding Circle said it will only be focused on Coronavirus Business Interruption Loan Scheme (CBILS) loans for now, and in doing so, will be unable to service retail lenders as it usually does. According to Funding Circle, that means lending for retail investors will be turned off. The loans will come through the U.K.

Retail 60

Retail Investments Banking Economics 60

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.

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Retail eCommerce Numbers Transportation 118

PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. As PYMNTS reported previously, MicroStrategy was the first public company to invest most of its treasury in the digital currency in the summer. “We

Investments 56

Investments Retail Currencies Treasury 56

PYMNTS

OCTOBER 1, 2020

Mubadala Investment Co. has put more cash into Reliance Retail Ventures Ltd , a division of Reliance Industries Ltd. Reliance Industries, the global conglomerate whose businesses include retail, energy, textiles, natural resources and telecommunications, announced on Thursday (Oct. crore in Reliance Retail.

Investments 52

Investments Retail Technology 52

CFO News

JUNE 26, 2023

With more than 250 hypermarkets and 24 shopping malls across 22 nations, Lulu Group has been expanding rapidly in India as well, with investments in food processing and retail projects.

Investments 59

Investments Retail Planning 59

PYMNTS

NOVEMBER 8, 2020

Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 Reliance's growing footprint includes a $750 million investment from the Abu Dhabi Investment Authority (ADIA), which will give the sovereign wealth fund a 1.2 percent stake in Reliance Retail.

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Retail Sales eCommerce Investments 92

PYMNTS

JANUARY 14, 2020

Counterfeiting is a thriving business, and marketplaces that specialize in reselling luxury items have heavily invested in authentication procedures. Mercari , in one case, rolled out its Mercari Authenticate service that lets customers remotely verify the legitimacy of their products.

Investments 52

Investments Retail Education Numbers 52

PYMNTS

NOVEMBER 5, 2020

This in a week that has seen news reports that the world’s largest retailer has terminated its contract — and a 3-year-old automated shelf-stocking experiment — with San Francisco’s Bossa Nova Robotics , having found that existing “human” employees were able to do the same work just as well. Not Just Walmart.

Retail 108

Retail Advertising Planning Technology 108

PYMNTS

JULY 27, 2020

Retailers are starting to pay the rent. A new report from the National Association of Real Estate Investment Trusts (NAREIT) shows that rent collections for free-standing and shopping mall-focused real estate investment trusts (REITs) gained ground in July on top of gains in June. percentage points from 79.3 percent in July.

Retail 65

Retail Healthcare Investments Marketing 65

PYMNTS

NOVEMBER 30, 2020

retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S. The situation is serious enough that exiting retail banking in the U.S.

Retail 93

Retail Banking Economics Investments 93

PYMNTS

OCTOBER 6, 2020

The Abu Dhabi Investment Authority (ADIA) is putting about $750 million into Reliance Retail Ventures Ltd., The investment gives the Abu Dhabi sovereign wealth fund a 1.2 percent stake in Reliance Retail, the announcement states. a subsidiary of Reliance Industries, the Mumbai-based parent company announced Tuesday (Oct.

Investments 40

Investments Retail Leverage Marketing 40

CFO News

JULY 25, 2023

Qatar Investment Authority (QIA), Qatar's sovereign wealth fund, is in talks to buy a stake in Indian billionaire Mukesh Ambani's Reliance Retail Ventures, business daily Financial Times reported citing three people with knowledge of the discussions.

Retail 52

Retail Investments 52

PYMNTS

NOVEMBER 6, 2020

In today’s top news, The Public Investment Fund of Saudi Arabia is planning to invest roughly $1.3 billion for a part of Reliance Retail Ventures Ltd., Into Reliance Retail. Into Reliance Retail. The Public Investment Fund of Saudi Arabia intends to invest approximately $1.3

Investments 40

Investments Retail Planning Leverage 40

CFO News

JULY 17, 2023

Reliance Retail owns a 25.8% Reliance Retail’s shareholding is expected to increase in the startup if the ongoing talks lead to the Mukesh Ambani-led conglomerate making an additional investment. stake in Dunzo, while Google holds just under 20%.

Startups 52

Startups Retail Investments 52

CFO News

APRIL 11, 2023

Reliance Industries Ltd is planning to implement an infrastructure investment trust (InvIT) to unlock value in its warehousing and logistics assets through Reliance Retail. The InvIT will either be listed or privately placed with at least five shareholders under SEBI norms.

Retail 52

Retail Investments Planning 52

PYMNTS

NOVEMBER 9, 2020

“We are essentially taking glass doors that were probably underutilized and not asking the retailer for any additional physical space.”. From a business standpoint, we believe that things like sales lift are obviously a really important metric,” Dravenstott said, “and you don't hear that much in brick and mortar retail.

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Retail Advertising Manufacturing Sales 110

PYMNTS

OCTOBER 15, 2020

Retailers] are seeing double-digit higher conversion rates when an extended warranty is shown – not on the extended warranty, but conversion rates on the product itself,” Levin said. Keep your game going with a golf simulator from Shop Indoor Golf, and be sure to add @HelloExtend product protection to protect your investment.

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Investments Manufacturing Data Analysis Startups 133

PYMNTS

JUNE 29, 2020

The companies, ranging from restaurants to rental companies and retailers, have not seen any of the “dry powder,” or the money that the private equity owners have committed to funds that haven’t yet been spent. More than 70 percent of retailers with the lowest-rated debts are owned by private equity firms. Ares Management Corp.,

Investments 69

Investments Retail Numbers 69

PYMNTS

NOVEMBER 16, 2020

Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. Tentatively called Rakuten DX, the new unit will launch schemes for digital transformation at retailers’ physical shops, Rakuten said in a statement on Monday (Nov.

Retail 86

Retail eCommerce Forecasting Technology 86