Revenge spending. It has a nice ring for retailers battered by the COVID-19 pandemic. In fact any kind of spending has a nice ring, but revenge spending was a phenomenon seen as Wuhan and other Chinese regions came out of the coronavirus funk. The following...
Panera Bread has entered the online grocery business. With its large number of storefronts and the advertising clout it could put behind the move, the chain could quickly take some market share from the COVID-19-fueled market. For Panera, it provides a revenue stream at a...
Imagine if your business was planned in this way: minimal revenue for Q1, and maximum revenue for Q2. And for Q2, an unprecedented pandemic has moved people away from each other and toward perhaps the biggest economic rescheduling exercise in modern history. Get the Full...
Following the suspension of store staffers by one of the largest textile merchants, worker furloughs in the retail sector are now well past 1 million. TJX Companies Inc. said it would furlough most of its U.S. staffers at distribution centers and retail locations, Bloomberg reported. Get...
To make it as easy for shippers to mail a package as sending a text message, Shippo has notched $30 million in Series C funding. The raise, which was led by D1 Capital Partners, brings the shipping platform’s total funding to $59 million. Union Square...
We pay a price for not exercising, but conversely, gyms and online classes aren’t free of charge. The more specialized and exotic the workout routine, the higher the fee, generally speaking. That’s equally true for workout apparel – the great stuff is priced accordingly. Get...
From working from home to redrawing supply chain routes, businesses have been forced to be flexible and get creative to adjust to the “new normal” of a dramatic and disruptive market downturn. While some firms can get by with only a few tweaks, others have...
Small businesses overwhelmed U.S. financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. When the program went live on Friday (April 3), only two FIs, Bank of America and JPMorgan Chase,...
Making cross-border payments work — across currencies and across time zones — is no easy task. 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...
