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Retail Sales Weaker Than Expected, Deepening Recovery Concerns

Retail Sales Weaker Than Expected, Deepening Recovery Concerns
Retail Sales Weaker Than Expected, Deepening Recovery Concerns
May 15, 2020  |  Retail

The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment...

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Giphy Joins Instagram
Giphy Joins Instagram
May 15, 2020  |  Facebook / Meta

Giphy, the search engine and online database for users to share videos, is joining Facebook as part of the Instagram team, Facebook announced on Friday (May 15). ...

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Zomato Lays Off 500+ Employees
Zomato Lays Off 500+ Employees
May 15, 2020  |  Personnel

Zomato, one of India’s most popular food apps, is downsizing its workforce by 13 percent and cutting pay for its remaining employees due to the...

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How NextDoor Found An Actual Purpose
How NextDoor Found An Actual Purpose
May 15, 2020  |  Social Commerce

A year ago, startup NextDoor’s status as a unicorn (a new firm with a valuation over $1 billion) was something of a mystery to outside...

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Public Companies Have Returned Nearly A Third of PPP Loan Money
Public Companies Have Returned Nearly A Third of PPP Loan Money
May 15, 2020  |  Loans

Thanks…but, on second thought, no thanks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Customer Retention Rules Reopening Strategies
Customer Retention Rules Reopening Strategies
May 15, 2020  |  Retail

Customer loyalty continues to be a recurring theme this week as retailers look to reopen and the latest monthly sales report shows another double-digit plunge....

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JCPenney Makes Debt Payment, But Still Risks Bankruptcy
JCPenney Makes Debt Payment, But Still Risks Bankruptcy
May 15, 2020  |  Retail

Struggling retailer JCPenney, which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit...

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Good News? Dillard’s And Nike Say They Have Some
Good News? Dillard’s And Nike Say They Have Some
May 15, 2020  |  Retail

Retail and optimism. Those two terms haven’t been in the same sentence since January, but believe it or not, there were a few places they...

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