Restaurant aggregators are uniquely positioned to collect troves of data on consumer behavior, gathering information about, among other habits, which kinds of foods are the most in-demand in each area. Now, delivery platform Hungr is putting that data to use, to both drive profits and...
Despite seeing a surge in online sales during the pandemic, Best Buy said it laid off 5,000 employees in February and will be shuttering additional locations in 2021, according to a CNN report on Friday (Feb. 26). Get the Full Story Complete the form to unlock...
Birkenstock has struck a deal to sell a majority share of Birkenstock Group to private equity firm L Catterton and its affiliates with the inclusion of Financière Agache, Bernard Arnault’s family investment company, according to a Friday (Feb. 26) press release. Get the Full Story Complete...
Foot Locker, Inc. reported on Friday (Feb. 26) as part of its financial results that fourth-quarter comparable-store sales fell by 2.7 percent, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The events of the past year have showcased many businesses’ resilience, but not all were able to make it through unscathed. Businesses have collapsed, jobs have been lost, stores have closed and salaries have been cut. When it came to food production, the supply chain was...
On Thursday (Feb. 25), Domino’s Pizza, Inc. reported 12 percent global retail sales growth in 2020’s fourth quarter (down from 14.8 percent growth the previous quarter), with sales growth stronger in the U.S. than in the international market. Revenues were up 17.9 percent year over...
Target is expanding its 15-year partnership with Apple to open 17 in-store shops that will be dedicated solely to its products, and will double the amount of space now being used. Target is also launching a digital destination for Apple merchandise. Get the Full Story...
In today’s top retail news, Belk has finished its financial restructuring, while Klarna reported $53 billion in gross merchandise volume (GMV) for 2020. Plus, Afterpay is teaming with Stripe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The fourth-quarter earnings at two of the country’s largest sellers of home goods and electronics both benefited from the so-called COVID nesting trend, but the business outlooks given by Wayfair and Best Buy on Thursday (Feb. 25) suggest that an inevitable slowdown is coming. While...
