Retailers are facing a new breed of scammers using bomb threats to achieve their goals. As The Wall Street Journal (WSJ) reported Sunday (June 25), these criminals are targeting chains like Kroger, Walmart and Whole Foods, in some cases demanding money gift cards or bitcoin and threatening to set off bombs...
Rising interest rates and a recent banking crisis could lead more lenders to merge this year. That’s according to U.S. Treasury Secretary Janet Yellen, who made that forecast in a Friday (June 23) Wall Street Journal (WSJ) interview looking at the state of the banking...
Deposits at U.S. banks rose last week but remain below where they were in March. The deposits rose to $17.22 trillion in the week ended June 14, up from $17.20 trillion a week earlier, the Federal Reserve reported Friday (June 23). The $17.6 billion week-over-week increase showed...
This week in grocery, H-E-B expands its direct delivery capabilities, Albertsons looks to win in retail media, and grocers in the United Kingdom see inflation three times larger than in the United States. Texan grocer H-E-B, which has more than 400 stores in its home state and Mexico, announced...
Need a penny, take a penny has never quite flown in the B2B world. Now, contemporary buyer-supplier dynamics are being continually reshaped against the backdrop of today’s hostile operating environment. In addition to yearslong inflation and rising interest rates, organizations find themselves facing changing demand,...
As restaurants look to meet consumers’ demand for quick, convenient payments with stored credentials — and to gather more consumer data in in-store transactions — more brands are trying out biometric payments. Casual dining chain Steak ‘n Shake is the latest to test the technology. The restaurant...
The holiday celebrating the coronation of King Charles III contributed to an unexpected rise in British retail sales. The country’s retail sales volumes rose 0.3% in May, a pace that was slower than the 0.5% seen in April but faster than the decline of 0.2% that had...
Jeff Leatham is a renowned floral designer for celebrities, with clients like Oprah Winfrey, Cher and the Kardashian family. With such high-profile individuals seeking his services, it comes as no surprise that his expertise is expensive. On his website, you can buy a bouquet of white...
While the shopping mall may be dead, the retail store doesn’t have to be. Brands and retailers are actively reconsidering the experiences they offer, aiming to capture and retain customers who prefer in-store shopping with memorable experiences for shoppers. And that approach includes immersion. In...
