As customers visit Costco to stock their pantries amid the coronavirus outbreak, CFO Richard Galanti said on an earnings call last week that the retailer’s procurement team is “working, in some cases, around the clock to procure supplies for both existing suppliers and from other...
SoulCycle is gearing up to release its own at-home bike that could compete with rival Peloton, after teasing the product last summer, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In a March 9 letter to Attorney General William Barr, the Consumer Brands Association implored the official to take action against sellers who are taking advantage of the coronavirus situation. The group, which represents brands including Clorox and Colgate-Palmolive, among others, wants the Justice Department to...
Any element of American life is tempered by the coronavirus these days. But before it took hold of the psyche and wallet, more than half of the American population spent money dining out on a weekly basis. In fact, 56 percent of them dined out...
There are two terms seen a lot in juxtaposition to supply chain lately: coronavirus and blockchain. One is putting a lot of stress on the supply chain, while the other is ready to revolutionize it. Some new use cases and a new report put blockchain...
With an arrangement that values the business at $10.58 billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. The move will enable the company to focus on producing shareholder returns and cash from its United Kingdom, Central...
As the coronavirus hampered demand, Apple sold less than 500,000 smartphones in China last month. The country put limits on travel and requested that residents stay clear of public places in January before the major gift-giving holiday of the Lunar New Year, and the restrictions,...
While most people have complained numerous times about there not being enough hours in the day, there is one day a year when that is factually correct. Specifically, daylight saving Sunday – when Americans collectively spring their clocks forward for an hour at 2 a.m. local time....
Since the dawn of the internet in the mid-90s, there have been some genius ideas and some completely innovative business models. We don’t search, we Google. We don’t shop at Amazon, we one-click. And we don’t need a ride anymore – we need an Uber....
