Despite an infusion of $2 billion from investors last month, Airbnb said the pandemic has forced the layoff of 1,900 employees, or 25 percent of its workforce, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The increase in sales figures and online shoppers is in line with the overall eCommerce industry’s growth. Get the Full Story Complete the form to...
As it weathers a lull in travel because of COVID-19, Marriott International Inc. has taken in $920 million in cash via arrangements with co-branded credit card firms. The hotel firm will receive $570 million from JPMorgan Chase & Co. with the early payment of a...
While it’s become increasingly obvious that many of the restaurants that have closed during the COVID-19 pandemic might never come back, it may be surprising how many of what are seen as the world’s best restaurants may end up making that gone-forever list. Fat Rice, a Chicago...
Starbucks locations across the country will soon reopen, with most stores offering pickup and drive-thru service but keeping seating areas closed for now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
As if you needed more evidence that the stay at home, all digital world was shattering the “old” economy, or that online platforms have provided (more than) viable alternatives in terms of how we get around for work, errands or leisure … Get the Full...
Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. Meanwhile the digital shift momentum continues to draw new infrastructure. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In the best of times, returns are the bane of eCommerce existence. In these worst of times, they’re even more complicated as return policies are all over the map due to the COVID-19 crisis and consumers who have amped up their eCommerce spending. With the...
