There was a lot of action in the restaurant and QSR business this week, as Olive Garden owner Darden’s reported a 19 percent drop in earnings and city-based Sweetgreen announced its flight to the suburbs. It was also the occasion of a new report covering...
The livestream collectibles auction platform Whatnot has raised $4 million in a seed funding round backed by Scribble Ventures, Wonder Ventures, Y Combinator, and others. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
There may be 1.3 billion people in India, but when it comes to domesticated pets, there’s currently only about 23 million dogs and 4 million cats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
At a time when the pandemic has caused consumers to rethink everything from how they get their food to where they want to work, the latest lifestyle trend that’s getting a look involves simplifying and downsizing into a so-called tiny house. Get the Full Story...
And another SPAC comes to market. 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, you agree to...
This week’s initial public offering (IPO) for ContextLogic, parent company of discount eCommerce platform Wish, seemed destined to enjoy a huge first-day “pop” on Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Plus, the convenience store vertical has seen $21.7 billion...
Rite Aid Corporation reported on Thursday (Dec. 17) as part of its Fiscal 2021 Q3 results that revenues rose 12 percent, fueled by expansion in the retail pharmacy and pharmacy services areas. Revenues from continuing operations for the timeframe were $6.12 billion, up from $5.46...
The convenience store industry has seen a record $21.7 billion of consolidation deals announced in just the past four months, as a pandemic-related M&A lull ends and COVID-19 reshapes consumer demand. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
