As the coronavirus pandemic speeds up consumers’ transitions to online shopping, Shopify reported that new stores created on the platform jumped 62 percent from March 13 to April 24 compared to the six weeks before. According to the company, the growth was powered by “the...
The Impossible Burger has had an expansive year — making inroads at restaurants like Burger King with the Impossible Whopper and its debut on grocery shelves last fall. But this week, those expansion efforts took a great leap forward with the announcement that Impossible Burger is now going to...
The coronavirus pandemic has caused a rift in the relationship between apparel manufacturers and retailers, resulting in lost profits and canceled payments as the economy slogs through the mud, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this...
Despite an infusion of $2 billion from investors last month, Airbnb said the pandemic has forced the layoff of 1,900 employees, or 25 percent of its workforce, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The increase in sales figures and online shoppers is in line with the overall eCommerce industry’s growth. Get the Full Story Complete the form to...
As it weathers a lull in travel because of COVID-19, Marriott International Inc. has taken in $920 million in cash via arrangements with co-branded credit card firms. The hotel firm will receive $570 million from JPMorgan Chase & Co. with the early payment of a...
While it’s become increasingly obvious that many of the restaurants that have closed during the COVID-19 pandemic might never come back, it may be surprising how many of what are seen as the world’s best restaurants may end up making that gone-forever list. Fat Rice, a Chicago...
Starbucks locations across the country will soon reopen, with most stores offering pickup and drive-thru service but keeping seating areas closed for now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
