News

Retail
Mom And Pop Pharmacies Dwindle Amid Competition
May 12, 2020

Long before the coronavirus pandemic struck, the health of independent pharmacies was suffering. 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....

B2B Payments
Mastercard Rolls Out Track Business Payment Service In US
May 12, 2020

To enable greater efficiency and quicker access to working capital for buyers and suppliers, Mastercard has unveiled the rollout of the TrackTM Business Payment Service in the U.S. The offering provides increased control over payments and enhanced data exchanges, enabling automated reconciliation for suppliers as well as...

Ridesharing
Uber Rival Bolt Sidesteps Layoffs Despite Losses
May 12, 2020

The Estonia-based rideshare unicorn Bolt — Uber’s main competitor in Europe — said it isn’t laying off any workers despite a 75 percent drop in sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Stay-At-Home Orders Great News For Home Goods Sellers Like Wayfair
May 12, 2020

Roman philosopher Gaius Plinius Secundus, better known as Pliny the Elder, famously said “Home is where the heart is” somewhere around the year 45 AD — thus coining an aphorism that has had stunning staying power for the last 2,000 or so years. While the...

Partnerships / Acquisitions
Possible Purchase Deal By Uber Triggers Surge In Grubhub Shares
May 12, 2020

Shares in Grubhub soared as much as 38 percent Tuesday (May 12) on news that Uber is looking to buy the Chicago-based food-delivery platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Genesis Motor America Unveils Concierge Car Buying Experience
May 12, 2020

To provide a customized guest experience for its clients, Genesis Motor America unveiled its Genesis Concierge service. The luxury car brand said the national “white glove” offering provides customers with a concierge to function as a host and help them through the process of shopping...

Retail
MLB Baseball Shortened Season For TV Only
May 12, 2020

If Major League Baseball (MLB) gets its way, the words “play ball” will echo in empty parks nationwide starting in July. MLB owners are pitching a proposal to play about half the number of games, 82, for the 2020 season, without fans, according to ESPN....

Retail
Tim Hortons Coffee Chain Notches Funding From China’s Tencent
May 12, 2020

To bolster its growth in China as it looks to reach coffee drinkers in the country, Tim Hortons has reportedly found a partner in Tencent. The Canadian quick-service coffee chain said on a social media account that it has notched funding from the Chinese technology company,...

Retail
No Fitting Rooms? There’s An App For That
May 12, 2020

Post-pandemic fashion retail is starting to take shape. It’s just going to be a little tougher to try things on. Most of the differences consumers will notice involve fitting rooms – or the lack thereof. The National Retail Federation (NRF) guidelines allow individual retailers to...