Whatever happens, Carvana’s downward spiral shows there’s no easy path to forging the connected economy. 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,...
Allegro has written down the value of Mall Group and WE|DO by 56%. 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....
Achieving profitability is a recurring theme at pan-African eCommerce giant Jumia, so much so that the goal has been reiterated on numerous occasions by the company’s leadership in recent years. And during the company’s third-quarter earnings presentation on Thursday (Nov. 17), it was no different....
Starbucks reportedly claimed $181 million in revenue from money on gift cards and loyalty accounts that customers didn’t spend in fiscal year 2021 — a figure that amounted to about 1% of its sales and 4.3% of its net income during the year. Get the...
Despite volatility in real estate prices and reduced consumer buying power due to inflation, the country’s largest home improvement retailer said Tuesday (Nov. 15) that its commercial customer base was showing no signs of slowing down. Get the Full Story Complete the form to unlock...
Around the world, access to quality affordable healthcare is being threatened by rising costs and the current economic downturn. 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...
Drops in both demand and unit prices in the used car market contributed to unexpected weakness in CarGurus’ latest results, executives said Tuesday (Nov. 8) during the company’s quarterly earnings call. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In what could be seen as the latest wrinkle in the subscription commerce sector, Blue Apron said Monday (Nov. 7) that meal kits that stick to a subscription-only model could be losing valuable customers, including those who make purchases from the brand every week. Get the Full...
One might expect that sales of non-essentials like candy would suffer from consumers’ belt-tightening during times of high inflation, but confectionery giant Hershey said Friday (Nov. 4) just the opposite is happening. Get the Full Story Complete the form to unlock this article and enjoy...
