With concerns that a merger between Asda and Sainsbury’s would raise prices for shoppers, the arrangement has been blocked by the competition watchdog in the United Kingdom. The Competition and Markets Authority (CMA) said the deal would cause longer checkout lines and make prices higher...
Albertsons has reported strong numbers for its fourth quarter and full year of fiscal 2018. The Boise, Idaho-based operator of more than 2,200 supermarkets revealed that its same-store sales have increased 1.1 percent and 1.0 percent, respectively, while its own brands reached sales penetration of...
In a deal that connects Ford with an electric vehicle startup, the automaker is investing $500 million in Rivian Automotive Inc. The company, which is the second-biggest automaker in the country and produces the F-Series pickup line, is also creating a partnership with the upstart electric...
Entrepreneurs are founding coffee startups to connect consumers with instant brews through the help of subscriptions and one-time purchases. Nate Kaiser started Swift Cup Coffee “to help make great coffees a little bit more accessible,” he told PYMNTS in an interview. Kaiser came from a...
Quitting smoking is hard. More Americans are doing it — in 2005 just over 20 percent of adults reported a smoking habit, and by 2016 that figure had fallen to around 15 percent. But over 30 million Americans still report smoking every day or some...
Retailers are offering new delivery options designed to ensure that packages reach their intended recipients — and don’t fall into the hands of enterprising thieves called porch pirates. Amazon, for instance, unveiled a way for eligible members of its Prime program to receive products in...
With the aim of bringing more people into its stores, Kohl’s plans to start taking returns for Amazon purchases at all of its locations. The retailer’s stock jumped almost 10 percent with the news, CNBC reported. Kohl’s Chief Executive Officer Michelle Gass said in an...
The RealReal, an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 billion. A Delaware stock authorization filing was discovered by the Prime Unicorn Index. However, there is no...
In the digital age of hospitality technology, restaurants have a trove of tools to help serve customers in their stores. Innovations run the gamut from promo codes to coupons and quick-response (QR) scans in addition to other features such as delivery tracking. Overall, merchants in...
