The last time Chinese eCommerce companies collaborated for an online shopping holiday it was called Singles Day. Held on 11/11 and managed by Alibaba, in 2019 it took in $38 billion. It was also the likely inspiration for Amazon’s Prime Day, which took in $7.1...
Artificial intelligence (AI) is entering the retail mainstream. Domino’s uses it to set pizza delivery times. Sephora’s ColorIQ scans shoppers’ skin to provide custom recommendations for foundation and concealer. Walmart’s Intelligent Retail Lab is experimenting with a number of artificial intelligence tools. And the most recent case in point:...
Following the closure of its retail locations due to the pandemic, Tuesday Morning Corp. is reportedly gearing up to file for bankruptcy. The Texas-based company was founded in 1974 and has approximately 700 retail locations throughout the country, The Wall Street Journal reported. Get the Full Story...
To help pay back borrowings under its existing $1.5 billion credit facility, Macy’s Inc. unveiled the offering of $1.1 billion in senior secured notes set to mature in 2025. The department store retailer said the notes would be secured by a selection of real estate...
Who doesn’t love a good mystery crime drama? Fraud victims, for a start. And for corporations in the financial sector, fraud scales. That’s millions of records hacked, accounts taken over and lives disrupted. Right now, the situation is worse than ever, as COVID-19 chaos gives...
While small vendors are particularly vulnerable to lengthening B2B payment terms, the latest data emerging from global supply chains reveal that even the largest organizations are bracing for impact from delayed payments. Get the Full Story Complete the form to unlock this article and enjoy...
The continuing boom of InsurTech innovation is a reflection of just how vast the opportunity is for technologies like machine learning (ML) to disrupt an industry that has relied on legacy processes for so long. Areas of commercial insurance like workers’ compensation have been a...
The U.S. economy is reopening bit by bit, and consumer-facing Main Street small- to medium-sized businesses (SMBs) wait with bated breath to see if top lines and cash flows will return. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As India sees COVID-19 cases quickly climb for the seventh day in a row as of Tuesday (May 26), Uber, like most businesses in the country, is seeing a severe dropoff in the demand for its services and will layoff about 600 workers. Get the...
