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Shoppers Are Caught Off Guard as Prices on Everyday Items Change More Often

CFO News Room

a company that sells software to help retailers automate their pricing strategies, said 75% of the roughly 100 retailers on its platform have increased how frequently they update prices in the past year, with nearly a third changing prices several times a day, up from 15% a year ago. “As Others company including. Best Buy Co.

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Uber's Kalanick Pours $130M Into Ghost Kitchen Properties

PYMNTS

In making his new ghost kitchens startup CloudKitchens , ex- Uber Co-founder Travis Kalanick has become something of a real estate mogul, buying up 40 properties in two dozen cities, according to The Wall Street Journal. The WSJ analysis linked various limited liability companies to Kalanick's CloudKitchens parent, City Storage Systems.

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Apple Buys Spain's Vilynx For $50M To Use AI On Apps

PYMNTS

Apple has acquired Barcelona's Vilynx , which works in advanced artificial intelligence that could boost the iPhone's AI across various devices, Bloomberg reports. Tags are created, which helps the video become searchable. On its website, now defunct, the company said the idea is to not just recognize items, but also understand them.

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Apple Pushes Toward Redesigned iPhone Release

PYMNTS

Apple’s annual release of new products is highly anticipated — but difficult to predict in terms of timing and the extent of the changes the company makes. In addition, the company will come up with two cheaper iPhones that will replace the iPhone 11.

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thredUp’s Remade And Resetting Its Consignment Brand

PYMNTS

On the shoe front, both Nikes and Louboutin heels were returned at a much higher than average rate with tags still on, in the box and never worn. And now, according to James Reinhart, thredUP’s co-founder and CEO, the company is ready to put that data to work as it makes the next big leap forward in its corporate evolution.

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Cubcoats Partners With Amazon On CA Pop-Up

PYMNTS

Cubcoats is excited to merge the worlds of eCommerce and brick-and-mortar to be able to bring this unique world to life,” Cubcoats CMO & Co-Founder Zac Pak and Cubcoats VP of Design & Creative Mimi Chao said in a press release. Digital price tags alongside every product show the Prime price and list price.

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How Consumer Services Companies Are Innovating With App Features

PYMNTS

To help improve their operations, consumer services companies appear to have some very specific ideas about digital technology. From Yelp to Apple , technology companies are providing solutions that could serve retail environments. And tech companies are already working with retailers on payments innovation.