There aren’t many true “hybrid” companies in the U.S. – ones with business models that straddle the line between B2B and B2C delivery. Credit card companies come to mind. Some tech companies like Microsoft and IBM fit the bill. But in the food distribution business,...
The luxury fashion sell-off has moved downscale and may be taking with it any hopes for an orderly reopening and recovery for casual fashion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
7-Eleven customers can now use the 7NOW delivery app to order wine, beer or liquor anytime in participating markets, as well as hot or ready-to-bake whole pizzas on weekends. The convenience store chain is running a promotion on pizzas each Friday, Saturday and Sunday until May...
Amid the coronavirus pandemic, Coca-Cola said the shuttering of eateries, stadiums and cinemas has negatively impacted its business. The firm’s worldwide volumes have plummeted 25 percent as of the beginning of April, CNBC reported. Get the Full Story Complete the form to unlock this article...
Black Friday isn’t until Nov. 27, but clothing retailers, including Nordstrom, J.Crew, Macy’s, Neiman Marcus and others, are offering deep discounts to unload tens of billions of dollars of unsold merchandise as the coronavirus keeps U.S. stores shuttered. Get the Full Story Complete the form...
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,...
