Kraft Bets on QSRs Despite More Consumers Turning to Grocery Stores
Kraft Bets on QSRs Despite More Consumers Turning to Grocery Stores
February 15, 2023  |  Earnings

Kraft Heinz is banking on QSRs’ growth even as inflation has consumers cooking at home. The Chicago-based food and beverage giant said on a call...

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January Retail Sales Shake off Sluggish December With 3% New Year Surge
January Retail Sales Shake off Sluggish December With 3% New Year Surge
February 15, 2023  |  Retail

The widest barometer of U.S. economic activity rebounded sharply in January as consumers scooped up deals on clothes, TVs and refrigerators. This, as the Census...

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Kering Says China’s COVID Restrictions Slowed Luxury Sales
Kering Says China’s COVID Restrictions Slowed Luxury Sales
February 15, 2023  |  Retail

Global luxury group Kering ran into headwinds during the fourth quarter. The group recorded a year-over-year decline in sales of 7% on a comparable basis...

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Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
February 15, 2023  |  Retail

Sonic Automotive said last year’s investment in omnichannel used car stores has paid off. The auto retailer’s latest earnings report showed that its EchoPark preowned...

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Sluggish eCommerce Spend Is Still Massive, and Digital Wallets Are Getting More of It
Sluggish eCommerce Spend Is Still Massive, and Digital Wallets Are Getting More of It
February 15, 2023  |  eCommerce

The slowing of eCommerce in 2022 is a fact, but the scope of that drop in online sales as reported by government sources just doesn’t...

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Sequoia Named in Lawsuit for Adding ‘Legitimacy’ to FTX
Sequoia Named in Lawsuit for Adding ‘Legitimacy’ to FTX
February 15, 2023  |  Cryptocurrency

FTX investors have reportedly sued three investment firms for propping up the bankrupt crypto exchange. Sequoia Capital, Thoma Bravo and Paradigm are among the venture...

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Citizens Bank Picks Paymentus for Electronic Bill Pay
Citizens Bank Picks Paymentus for Electronic Bill Pay
February 15, 2023  |  Banking

Citizens Bank has chosen Paymentus to provide payment services for its retail banking customers. The partnership will see Paymentus offer its Bill Center and Loan Payments tools to...

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PYMNTS Intelligence: Money Mobility Boosts Owner and Tenant Satisfaction
PYMNTS Intelligence: Money Mobility Boosts Owner and Tenant Satisfaction
February 15, 2023  |  Money Mobility

Online payment platforms are a powerful tool for property management companies. Property managers are constantly handling payments, whether collecting rent from tenants or paying employees, business partners and maintenance...

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Lawyers Say Bankman-Fried Needed VPN to Watch Super Bowl LVII
Lawyers Say Bankman-Fried Needed VPN to Watch Super Bowl LVII
February 15, 2023  |  Legal

House arrest isn’t getting any sweeter for disgraced FTX crypto founder Sam Bankman-Fried. While the 2023 Super Bowl was notably absent crypto advertisements this year,...

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