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Groupon To Stop Merchandise Sales And Concentrate On Experiences

PYMNTS

As it faces a competitive retail market, Groupon Inc. The firm plans to move from its current deal-focused approach to concentrate on local experiences, such as local painting classes or wine-tasting dinners, as The Wall Street Journal reported. intends to discontinue its sale of merchandise by the close of 2020.

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Meta, Amazon, Snap, Pinterest: What to Watch in the Stock Market Today

CFO News Room

Eli Lilly reported quarterly profit and revenue that beat forecasts. Some of those that held up best strayed from their traditional investing grounds, or concentrated on the shortest maturities. . Keybanc cut its price target for the Twitter shares to $40 from $70. ConocoPhillips reported a $2.6 billion profit in the recent quarter.

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Retail Pulse: Nike Opens Digital-Powered Flagship; Walmart Taps VR Tech For Training

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The retailer also offers a Shop The Look service in the store that allows customers to scan a quick-response (QR) code to find out the size and available colors of the items displayed on a mannequin. In Other Brick-And-Mortar Retail. percent growth that was forecasted. The retailer’s comparable sales slid by 5.4

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NYC Sees 40 Pct Hike In Bankruptcies As Office Workers, Tourists Stay Home

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Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur.

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January Sees 467,000 New Jobs, Stable Unemployment Rate

CFO News Room

Growth in employment continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing. The forecast unemployment rate was 3.9%, essentially equal to the actual. economy added 467,000 nonfarm payroll jobs in January 2022, as the unemployment rate rose marginally to 4.0%.

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Traditional Healthcare Is Going Under The Knife Of Disruption

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From telehealth to new financing options for patient treatments to big retailers like Walmart , Walgreens and CVS mashing up retail with healthcare, everyone from startups to incumbents are using the pandemic as an opportunity to disrupt — and reinvent — healthcare. Here’s a look at some of the latest developments. We’re in healthcare.

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Upswing In Sales Propels Target Into Top 10 eCommerce Sites

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Target ’s strategy to concentrate on its eCommerce business has moved the big-box retailer to the No. While growth is strong for Target’s eCommerce business, QVC and HSN owner Qurate Retail Group have dropped. While growth is strong for Target’s eCommerce business, QVC and HSN owner Qurate Retail Group have dropped.