Cashierless technology like Amazon Go is becoming increasingly commonplace in the retail world, driven by the ongoing effects of the pandemic and consumer demand for convenience and improved in-store experience. In fact, PYMNTS has argued in a recent report that cashierless checkout is retail’s next...
Major remodels by the country’s top two dollar store chains signals expectations for prolonged higher food prices. As reported by FT earlier this week (Apr. 19), both Dollar Tree and Dollar General each plan to increase the number of existing store renovations by double-digit percentages...
Johnson & Johnson is reportedly readying an investors roadshow to take its commercial healthcare unit public. According to a Sunday (April 23) Wall Street Journal (WSJ) report, sources familiar with the matter say the company could begin meeting with investors as early as Monday (April...
Silicon Valley Bank’s new owner faces two challenges: improving business while restoring the bank’s reputation. In a Financial Times interview published Sunday (April 23), Peter Bristow — the president of North Carolina-based First Citizens — said he is working to control deposit outflows and keep bankers from jumping ship to...
The U.K. is creating a regulator overseeing tech giants like Amazon and Google. Draft legislation will make the new unit an arm of the country’s Competition and Markets Authority (CMA), and give it powers specifically to target giant tech companies, the Financial Times (FT) reported...
Bed Bath & Beyond has declared bankruptcy months after warning about its future. The downfall of the 52-year-old home goods seller came about Sunday (April 23) after the company wasn’t able to secure funding that would have allowed it to stay afloat. “Thank you to...
Luxury retailers are promoting exclusivity as a way to focus on their core customers and keep them engaged. Following in the footsteps of iconic brands like Hermès, retailers such as Saks and Gucci have launched efforts that cater to their top clients. Saks Goes the...
The Financial Stability Oversight Council (FSOC) of the U.S. Treasury announced two proposals to counter potential risks. One proposal would provide greater transparency about how the Council identifies, assesses and addresses potential risks to financial stability, the FSOC said in a Friday (April 21) press release. The other proposal describes new...
Lyft will “significantly reduce” the size of its workforce next week. The company did not specify the number of employees who will be affected, instead saying they will be notified about their employment status Thursday (April 27). All offices will be closed that day, and...
