What will the ripple effects be for retailers (in the U.S. and around the globe) as China’s economy shrinks? 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...
As the COVID-19 crisis is now stretching toward the two-month mark, the size of its impact to the economy is becoming more well-defined and worrisome. Unemployment figures continue to soar and businesses big and small are developing increasingly dark outlooks on their prospects for bouncing...
As it lowered its recommendation on Apple Inc.‘s stock from neutral to sell, Goldman Sachs noted that the tech firm could lose one-third of its iPhone sales in Q2. Analysts, with the inclusion of Rod Hall, said in a note that iPhone unit sales are ready...
At long last, the retail community can start discussing plans to reopen. The Trump administration’s informal guidance released on Thursday (April 16) did not exactly clarify the situation, but some nonessential retailers are going public with reopening plans, and these might provide a roadmap for...
The ripple effects from the COVID-19 crisis continue to spread throughout the business world, with the advertising industry now feeling its destructive effects. Those were quantified yesterday in a new Internet Advertising Bureau survey that shows a steep decline expected in ad spending across digital media Get...
The House Of Luxury (HOL) had just opened its new signature gallery in London’s posh Mayfair district when the COVID-19 crisis broke in London. And it wasn’t just any luxury items that were in stock there. The inventory was a menu of the most expensive...
As U.S. consumers built up a supply of household staples such as cough medicine and laundry detergent amid the spread of the coronavirus, Procter & Gamble registered its largest sales increase in the U.S. in many years. Heightened demand in the company’s home market more...
Panic buying lasting weeks into the COVID-19 emergency strained inventories, left shelves bare and, at the macro level, has led to serious talk in the corridors of corporate and government power about reordering global B2B supply chains to avoid future systemic collapses. Get the Full...
With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. Venture capitalists focused their support on corporate lending, payroll and accounts payable technologies, but it was a cross-border B2B payments...
