News

Retail
Melding Digital With Physical Rescues In-Store Retailing
November 05, 2020

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. And as compelling as the current eCommerce expansion is, counting out stores is a big miscalculation. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Grocery Round-Up: Ahold Delhaize Surges, Whole Foods Struggles With Labor Woes
November 05, 2020

No matter how one voted in this week’s U.S. presidential election, the inescapable fact is that we all have to eat – which means the race to dominate the grocery vertical continued to move briskly in recent days, even as the election remains unsettled. Get...

International
ByteDance Valuation To Hit $180B As TikTok Owner Eyes IPO For Douyin
November 05, 2020

TikTok owner ByteDance could see its valuation jump to a stunning $180 billion as it seeks another round of investor cash as part of an emerging plan to list some of its businesses on Hong Kong’s stock exchange. Get the Full Story Complete the form...

International
Saudi Arabia’s Sovereign Wealth Fund Puts $1.3B Into Reliance Retail
November 05, 2020

The Public Investment Fund of Saudi Arabia plans to invest about $1.3 billion for an equity stake of about 2 percent in India’s Reliance Retail Ventures Ltd., a subsidiary of the conglomerate Reliance Industries. The companies announced in a press release that the investment values...

IPO
Report: Airbnb Will Proceed With IPO Despite Spike In COVID Cases
November 05, 2020

Despite the widespread escalation of COVID-19, Airbnb is moving forward with its initial public offering (IPO) and will register publicly next week, according to a Reuters report on Thursday (Nov. 6) that cited two sources. Get the Full Story Complete the form to unlock this...

Retail
Pandemic Cools Breakfast Sales At Fast-Food Restaurants
November 05, 2020

Demand for breakfast items has cooled off at the nation’s fast-food restaurants as Americans find themselves increasingly stuck at home during the morning hours, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Today In B2B: Slowdowns Hit B2B Payment Terms, Warehouse Shipments
November 05, 2020

Today in B2B payments, slowdowns are hitting B2B payments for Chinese corporates, as well as shipping to U.S. stores and warehouses. Plus, LiveArea lets businesses accelerate their B2B eCommerce roadmaps, while India’s B2B eCommerce ecosystem grows. Get the Full Story Complete the form to unlock...

Retail
Costco’s October Sales Up Nearly 16 Pct. YOY
November 05, 2020

Costco Wholesale Corp. recently reported that its eCommerce sales spiked 90.6 percent in its fourth quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Retail
Operation Hope Founder Brings Urgency To Financial Inclusion With Shopify Partnership
November 05, 2020

Some people fit their names perfectly. John Bryant’s middle name is “Hope.” Not only is it his legal, given name, it is also a concept and practice he brings to the organization he founded in 1992 to lift underserved populations into the formal financial system....