Uber and its newly acquired Postmates have found rapid growth in home delivery of groceries — and potential for much more growth — during the COVID-19 crisis, Uber CEO Dara Khosrowshahi told CNBC this morning. Get the Full Story Complete the form to unlock this...
The scenario of frazzled buyers negotiating extended payment terms — in many cases having to choose who gets paid and who doesn’t — has made the whole “invoice to check to envelope to swirling vortex of the unknown” thing absurd. Who has the time for...
Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
For retailers, it’s better to be hot in 2020 than top. 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. By completing...
One of the largest real estate investment trusts in the U.S. reported earnings this week with the expected decrease in revenue, but an optimistic look at reopening. Retail Properties of America (RPAI), which owns and operates 102 multi-retail sites, showed a net income drop from...
The U.K. retail recovery continues, but at a snail’s pace. According to the British Retail Consortium, U.K. foot traffic decreased by 42.1 percent in July over 2019 levels, an improvement from June’s 62.6 percent and below the three-month average decline of 61.6 percent. The trade...
In anticipation of its collapse in June, Wirecard AG executives may have raided the German payment company and deposited $1 billion in partner companies while it fought allegations of accounting fraud, the Financial Times reported. Get the Full Story Complete the form to unlock this...
Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. The trend was exacerbated by the coronavirus...
Companies tend to know a lot about their primary and tier one suppliers because, as their most important vendors, it generally pays to know an awful lot about them, so companies make sure that they do. Get the Full Story Complete the form to unlock...
