Lyft could use a lift. At this writing, the company’s shares are trading at a bit over $9.60, well off recent peaks of more than $17. The fact that the stock’s barely budged in the wake of a significant shakeup in the C-suite belies investors’...
Consumers are already bracing for another year of higher food prices, with U.S. shoppers continuing to seek deals and trading quality for quantity. While Walmart has so far benefited from this shifting consumer behavior, a possible mega-merger could change all that. As reported The Wall...
Compt has added expense management to its employee reimbursement platform. The new feature, which will be available to customers beginning April 1, integrates with leading payroll providers and simplifies expense tracking and management for both human resources (HR) professionals and employees, Compt said in a...
McCormick & Company is using D2C to test flavors that could draw new customers into the fold. On an earnings call with analysts Tuesday (March 28), the flavorings giant said consumers are looking for both novel tastes and quick, easy food options. “We’re launching new...
Gopuff has apparently turned to competitors for assistance in filling a delivery driver shortage. The Philadelphia-based rapid delivery service has been using Uber and DoorDash to help fulfill orders, the Financial Times (FT) reported Monday (March 27). It marks the latest sign of trouble for...
British consumers are searching for information about return policies as more retailers begin charging fees. The number of online searches for “do I need to pay for returns” in the United Kingdom has increased by 247%, according to Paymentsense. “Customers are also reporting that they...
Alibaba Group is splitting into six pieces with plans to take these new businesses public. The Chinese eCommerce company said Tuesday (March 28) it was undergoing the biggest revamp in its nearly 25-year history, dividing into a number of new businesses as its country’s government...
HSN and QVC both pioneered the concept of live, televised shopping, enabling customers to witness product demonstrations and make purchases in real time. Traditionally popular with consumers between the ages of 35 and 64, the concept has gained popularity among a much younger cohort, especially...
“Not for you — for everyone,” that’s Telfar’s tagline. It’s a sentiment the luxury label is looking to further through its latest live pricing strategy, which allows customers to set their own prices. While the model feels revolutionary to the luxury industry, is it really?...
