That consumers have relocated their lives online in response to the pandemic is an easily visible fact when you look at earnings reports that successful retailers are releasing. For example, Walmart recently reported that eCommerce sales increased 74 percent year on year in the first quarter,...
The U.S. government stimulus program has sought – with urgency – to help keep smaller firms across the country hanging on until reopening becomes feasible. In perhaps the most visible example, the Paycheck Protection Program (PPP) has aimed to provide more than $600 billion in...
Indian food delivery startups Swiggy and Zomato will start delivering alcohol in some cities in an effort to meet the increased demand for booze during the lockdown. Ranchi, the capital of Jharkhand, will be the first area to get alcohol delivered. Get the Full Story...
Struggling retailer Macy’s warned on Thursday (May 21) that it expects as much as a $1.11 billion first-quarter operating loss, but said it was “on track” to access additional financing that presumably could help the chain avoid bankruptcy. Get the Full Story Complete the form...
In a COVID-19 world, the eCommerce scene changes quickly. 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 this form,...
Call them the “no-digital trio.” This will be a telling week for TJX, Bob’s Stores and Ross Dress for Less as they report earnings and reopen stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Can’t go to the office. Can’t go out to dinner. In some places, people are still discouraged from leaving the house. And in most cities, going out is contingent on wearing a face covering. With the go-to reasons to get dressed up taken away, will...
To help merchants recover lost pandemic revenues, BounceX said it is making its SMS marketing offering available to new customers. The company, which will be called Wunderkind in the near future, opens a new channel for merchants seeking to bolster online shopping revenue to offset...
Logistics startup Bringg is launching new technology to advance its software-as-a-service (SaaS) solution for delivery and fulfillment. Its next-generation software release will centralize fulfillment while also enhancing logistics and operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
