Online business directory Yelp has debuted several new features, including AI-powered insights to its reviews. “This year has been marked by an accelerated pace of product innovation at Yelp,” Craig Saldanha, chief product officer at Yelp, said in a news release Tuesday (Dec. 10). “By...
Consumer packaged goods giant Mondelēz is reportedly considering a deal to acquire chocolate brand Hershey. That’s according to a report Monday (Dec. 9) by Bloomberg News, citing sources familiar with the matter. The takeover, assuming it proceeds, would create a mammoth food company with total...
Chain restaurant bankruptcies are reportedly at their highest level since the pandemic. Among the most recent examples is the casual dining franchise TGI Friday’s, one of more than a dozen high-profile eateries to seek bankruptcy protection between January and October of this year, Bloomberg News...
Major retailers worldwide are accelerating artificial intelligence (AI) deployment in stores and apps. Walmart Chile is rolling out AI-powered smart carts, while Thai supermarket chain Central Food Retail launched an AI shopping assistant called “Tops Chef Bot.” Meanwhile, a Bain & Company study found that...
December 11, 2024
The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported by the Bureau of Labor Statistics. Two key areas of essential spending — food and shelter — saw yet another boost to prices. Groceries were more expensive, month on month, […]
November 08, 2024
That robot voice taking your Taco Bell order isn’t just an experiment — it’s handled 2 million customer orders, showing how artificial intelligence (AI)-powered conversation has become serious business. The...
October 01, 2024
In 2023, U.S. retail sales surged to nearly $7.25 trillion, representing a third of all consumer spending. Dominating this market are two titans: Amazon and Walmart. A PYMNTS Intelligence report,...
September 25, 2024
The restaurant industry is undergoing a digital transformation. While the evolution is being driven by a growing demand by customers for seamless, efficient and personalized experiences, innovations in payment technologies...
December 10, 2024
Online business directory Yelp has debuted several new features, including AI-powered insights to its reviews. “This year has been marked by an accelerated pace of product innovation at Yelp,” Craig Saldanha, chief product officer at Yelp, said in a news release Tuesday (Dec. 10). “By using AI to harness Yelp’s vast amount of trusted user-generated […]
December 09, 2024
Consumer packaged goods giant Mondelēz is reportedly considering a deal to acquire chocolate brand Hershey. That’s according to a report Monday (Dec. 9) by Bloomberg News, citing sources familiar with...
December 05, 2024
Chain restaurant bankruptcies are reportedly at their highest level since the pandemic. Among the most recent examples is the casual dining franchise TGI Friday’s, one of more than a dozen...
November 11, 2024
Chipotle has named Interim CEO Scott Boatwright as CEO and member of the board, effective immediately. Boatwright has served as interim CEO since Aug. 31, when former Chipotle Chairman and CEO Brian Niccol...
