Reuters

Reports: PayPal in Talks to Acquire Pinterest for $45 Billion

[Editors’ Note: Since the posting of this story, PayPal has denied the many rumors about a purchase of PayPal, saying in a…

Albertsons IPO Falls Short Of Projections But CEO Remains Optimistic

Prior to the long-planned Albertsons IPO on June 26, the retailer believed the stock offering could raise up to $1.3 billion, based…

Amazon Buys Autonomous Vehicle Designer Zoox

Amazon has confirmed its purchase of Zoox, a company designing self-driving vehicles that are purpose-built for ride-hailing functions. While Amazon did not…

Apple Will Reopen 70+ Stores, But Most Will Focus On Curbside Operations

Apple is leveraging learnings from reopening its stores in China and Italy, among other countries heavily hit by COVID-19 shutdowns, as it…

JCPenney Identifies 154 Stores Slated For Permanent Shutdown

On June 12, JCPenney will begin permanent closures of 154 stores, “following a comprehensive evaluation of its retail footprint and a careful…

LVMH Refutes Rumors Of Tiffany Deal Renegotiation

LVMH Moët Hennessy Louis Vuitton (LVMH), which announced an agreement in November 2019 to acquire Tiffany, is pushing back against rumors that…

Picture It: Snapchat As $20 Billion Public Company

Snapchat has reportedly filed for an initial public offering (IPO), bringing the social messaging app closer to a $20 billion to $25…

Mobile Wallets And NFC Battle For Retailer Mindshare

This is Part II of Retail TouchPoints’ payment update, a three-part report uncovering the latest developments in EMV, mobile payment and mobile…

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