Goldman Sachs has reportedly created a “sports franchise” unit within its investment banking division. The new unit aims to provide wealthy clients with the opportunity to invest in sports teams, combining sports mergers and acquisitions with sports financing, The Wall Street Journal (WSJ) reported Friday...
Instacart is reportedly looking to raise $660 million in its upcoming initial public offering (IPO). The grocery-delivery company decided to increase the price range for its shares following the successful trading debut of chip designer Arm Holdings, which has boosted confidence in new listings, Bloomberg...
As restaurants look for more efficient and cost-effective ways to meet consumers’ desire for on-demand delivery, Papa John’s is tapping drones to keep the food hot until it gets to customers’ doors. The restaurant’s drone delivery provider Flytrex shared in an emailed press release Thursday...
Family Dollar is set to launch a new mobile app in October that aims to enhance the shopping experience for its customers. The app will feature a revamped interface and navigation, making it easier for shoppers to manage coupons via a redesigned wallet feature, explore...
Retailers are contending with a growing amount of violence along with the existing challenge of shoplifting. In two recent incidents, employees at retail stores were shot and killed by suspected shoplifters. In another, an employee shot a shoplifter who had sprayed him with mace, The...
Most consumers shop with brands and merchants where they are members of a loyalty or rewards program. Moreover, 4 in 10 consumers prefer cards with personalized rewards as these programs provide economic incentives to increase customer loyalty. One-third say they would switch to shopping with...
The latest official data from the United States government gives a nod to the fact that U.S. consumer spending on grocery products remains buoyant. The resilience will likely give new impetus for Amazon and Walmart to reinforce their efforts to capture more mindshare and wallet...
The questions without easy answers are the ones that keep finance leaders up at night. And no question is perhaps more responsible for CFO insomnia than the ever-present question of “When will I get paid?” That’s because payment timing depends on a myriad of factors,...
The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that happened around the Paycheck Protection Program (PPP). This decision comes in response to growing concerns about the...
