October 30, 2023
Restaurants’ Digital Transformation Hits a Snag
As more of consumers’ daily routines are transformed by digital technologies, the restaurant industry’s digitization is actually taking a step back, PYMNTS Intelligence reveals. By the Numbers PYMNTS Intelligence’s study...
October 29, 2023
Report: Flexport Looks to Snap Up Convoy’s Tech
Supply chain logistics firm Flexport is reportedly in discussions to purchase freight startup Convoy’s technology. The acquisition, if successful, would bolster Flexport’s move into the U.S. trucking market on its road...
October 27, 2023
FinTech IPO Index Loses 4.7% as Platforms Lead to the...
The platforms led the FinTech IPO Index 4.7% lower this past week, as the year-to-date gains have been winnowed down to about 16%. AMTD shares sank 21%. The company extended a...
October 26, 2023
Chipotle Taps Automation to Boost eCommerce Capacity Even as Digital...
Chipotle is testing automated technology to boost the capacity and efficiency of its makelines for eCommerce orders, even as consumers shift away from its digital channels. The fast-casual giant, which...
October 26, 2023
Summer Spending Surge Fuels 4.9% Jump in GDP
Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at a seasonally- and inflation-adjusted 4.9%...
October 26, 2023
Hershey Sees ‘Key Retailer’ Pulling Back Amid Digital Transformation
As grocers increasingly shift their focus to their digital and omnichannel businesses, Hershey is seeing one of its key business customers pull back as it prioritizes eCommerce. In prepared remarks...
October 24, 2023
Instacart Expands Grocery Benefit Programs in Push for New Audiences
Instacart is on a partnership spree, expanding its user base by offering grocery benefits through a range of healthcare institutions and other businesses. The company announced its latest such collaboration...
October 22, 2023
Middle East Conflict and Treasury Yields Slow IPO Market Recovery
The initial public offering (IPO) market, which had shown signs of rebounding, is now facing challenges due to factors like the conflict in the Middle East, surging Treasury yields and...
October 20, 2023
Klaviyo Joins Other High-Profile IPOs Dipping Below Listing Price
Klaviyo’s stock has dipped below its listing price, the latest disappointment for the initial public offering (IPO) space. The marketing automation firm now joins a string of high-profile companies whose...