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Packaged foods give bite to FMCG sales volumes in January-March

CFO News

Companies said there was a significantly higher growth in sales of branded packaged foods than their unbranded counterparts because of their lower share compared to other household products. Most companies expect a steady increase in volume-led growth and recovery in rural areas as they look to slash product price tags.

Sales 52
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WeWork To Sell Iconic NYC Building To Amazon

PYMNTS

Amazon ’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork , according to the New York Post.

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NCR’s Cardtronics Bid – And The Rise Of Self-Service Banking At The ATM 

PYMNTS

The PE firms would reportedly pony up $35 a share, and the NCR proposal would offer $39 per Cardtronics share, which would be equivalent to about $1.7 That technology would work with ATMs and with other settings such as the point of sale, the company has said. In one example , last week, Intel Corp.

Banking 57
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Apple iPhone X Not Making Inroads In Asia

PYMNTS

but its price tag of $999 and up might be hurting demand in some of the largest Asian markets. The newspaper pointed out that in both India and Indonesia, the market share of Apple devices has remained flat since 2013. OPPO and Vivo, meanwhile, have been seeing their market shares gain in those regions during the same time period.

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When Homeshares Become Shoppable Experiences

PYMNTS

The idea led to her experiential hospitality startup, The Sursy, which offers consumers shoppable stays in a Denver home share. (A The house contains items that come with small wooden tags that printed with the hashtag #SHOPTOSTAY. In all, there are 71 makers and 105 items for sale in the small, two-bedroom railroad house.

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Vintage Toys Aid In Happiness Recovery

PYMNTS

CEO Lyndon Davies recently told the BBC that “we have observed hitherto successful and profitable companies worldwide crumbling under the pressure [of the pandemic], with losses, closures and tumbling share values. Take that , lockdown boredom. The other bonus: No masks are required on toy train rides.

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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

Plus, Airbnb shares soared in its first day of trading. Airbnb Shares Soar Over 110 Pct on First Trading Day. Shares of Airbnb soared more than 110 percent from their initial public offering (IPO) price of $68 to finish out the day at $144.71. Record eCommerce sales will translate into high rates of returns this holiday season.