With some grocers scaling up their in-house fulfillment infrastructure and others pulling back, Hy-Vee is tapping automated warehouses to meet digital demand. Grocery fulfillment solutions provider Takeoff Technologies announced Thursday (Oct. 12) its partnership with the Midwestern grocery chain, which has 550 locations across eight states, to...
Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among the companies that have benefited from this shift in consumer behavior, as Chinese shoppers have...
Following the challenges posed by the COVID-19 pandemic’s transition, a leadership reorganization, a shaky foray into health care, and recent labor issues with pharmacy staff, Walgreens is now going “line by line” to see where the company could cut costs. That’s the latest from the...
For years, Pinterest has been a mecca of inspiration, a virtual canvas where consumers explore endless creative ideas, whether it’s fashion, interior design, or any other endeavor that fuels the imagination. It’s a platform that ignites the spark of creativity and leaves users yearning to...
Netflix, the popular streaming TV service, has announced its plans to open retail stores called “Netflix House” in 2025. These stores will offer fans the opportunity to fully immerse themselves in the worlds of their favorite TV shows, providing a unique and interactive experience. According...
This week, Amazon and Walmart have been locked in intense competition, each striving to secure the loyalty and spending of shoppers. On Wednesday (Oct 11), Amazon concluded its Prime Day event, and the results are in. Meanwhile, Walmart also concluded its event Thursday (Oct. 12),...
“We’re still in the early innings” of embedded payments, Hersh Mansukhani, vice president of platforms and embedded payments at Fiserv, told PYMNTS’ Karen Webster. “The platformization of the world is occurring, and software is getting into places where it never was before,” he added. There’s...
Bank earnings start Friday. That means we’ll get management commentary on everything, from interest rates to loan performance to consumer spending. The read across will be there for the members of the FinTech IPO Index, who are depending on some of those macro trends to...
Dollar General appointed current board member and former CEO Todd Vasos as its new CEO, effective Thursday (Oct. 12). Vasos will remain a member of the board of directors, a role he has held since 2015, while returning to lead the company “for the foreseeable future,” Dollar General...
