In an effort to streamline its capital structure, Office Depot has refinanced its current asset-based credit facility with a new five-year arrangement and has retired its term loan credit agreement due in 2022. The retailer’s new $1.3 billion asset-based credit facility is comprised of a...
Mark Partin has business pedigree with an athlete’s mentality. As the owner of B/SPOKE, one of the Boston area’s leading spinning and workout studios, he’s a consumer of his own product as well as a former long-distance runner. He’s also an MIT grad who did...
As detailed in today’s PYMNTS COVID-19 update, U.S. consumers want to know when they can return to normal shopping, and how they can do it safely. Some answers to both of those questions are becoming evident as the week opens. Get the Full Story Complete...
Now that U.S. retailers have shifted their focus to unlocking rather than locking down, it’s worth revisiting the only economy that has been shattered by COVID-19 and then restored: China. Bottom line, if the U.S. recovery is to mimic the best parts of China’s recovery,...
To help families particularly impacted by the novel coronavirus, The Kroger Co. Zero Hunger | Zero Waste Foundation said it has created the Emergency COVID-19 Response Fund. Kroger and the foundation seek to direct $10 million in national, state and local grants to pandemic response efforts...
Can you put a price tag on a pandemic? There’s no shortage of figures (most of them bad) trying to tally up the damage. But if you want the inside story of how America is dealing with COVID-19, look to our most universal necessity –...
The impact of the coronavirus pandemic on B2B supplier payment habits has created two extremes. 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,...
Within complex supply chains, a single company is typically both a buyer and a supplier, part of a broader web of strategic B2B relationships. With any new or changing relationship, contracts have to be written up and re-negotiated, a tedious process that can be costly,...
Maintaining existing supplier relationships has become a crucial component of surviving and thriving during the current market disruption for many corporate buyers. It’s a challenge for many firms, however — particularly those whose source-to-pay processes remain manual and paper-based, as remote working requirements force a sudden...
