Yum Brands, the parent of KFC, Pizza Hut, and Taco Bell, was hit by a ransomware attack, leading to hundreds of locations closing.
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Shopify Evolving Into World’s First Retail Operating System
Harley Finkelstein, COO of Shopify, discusses how COVID has dramatically sped up the timeline for commerce moving online and has also moved Shopify closer to its goal of becoming the world’s first retail operating system.
Walmart Explores Streaming Deals With Top Platforms
Walmart is reportedly exploring deals with top streaming platforms with a view to adding them to its Walmart+ bundle.
Walmart is the Roman Empire of Retail
Walmart is the Roman Empire of retail, says Burt Flickinger, Managing Director of SRG Insights. Walmart announced an impressive earnings and revenue beat that told the story investors want to hear. Walmart is winning the retail wars, especially against arch-rival Amazon.
We Are a Marketplace That Sells Demand Generation, Says Grubhub CEO
“We are a marketplace that sells demand generation,” says Grubhub CEO Matt Maloney. “We sell growth. That’s what our primary product is. We’re not a logistics company. We do logistics because we know that’s an end to get to restaurant growth and make money off our logistics. If you’re selling consumers, you’re selling growth, and you can charge a lot for that.”
Why Does Going Contactless In Restaurants Mean More Profit And Safety For Restaurateurs?
Modern technology has made running a business more manageable for business owners, especially during this challenging time. The use of a QR code for digital menus is one of the most recent restaurant trends to adapt to the new normal setting.
DoorDash Now Delivering Alcohol in 20 States and DC
DoorDash has announced its alcohol delivery service is expanding to 20 states, as well as DC.
Robots Are Saving Understaffed Restaurants
Robots are helping restaurants deal with staff shortages, taking over some of the easier, but critical, day-to-day duties.
Panera CEO: Ecommerce Pivot Sparks Dramatic Growth
Niren Chaudhary, CEO of Panera, discusses how the company has focused on ecommerce and the “off-premise channel” to drive dramatic growth.
Former Walmart U.S. CEO Sees Virtual Reality As Future Of Retail
Former Walmart U.S. President and CEO Bill Simon sees technology, such as virtual reality, having…
Is Amazon Destroying Retail?
“A set of facts could be put forward that would support that (they are destroying the retail landscape),” says former Walmart CEO Bill Simon. “Do I want to go out of business because I’ve lost my sales by not matching them on price? Or, do I want to go out of business because I’ve matched them on price?”
Uber Now Offers Grocery Delivery in Over 400 Cities and Towns
Uber has announced a major acceleration of its grocery delivery service, now available in more than 400 cities and towns in the US.
McDonald’s Testing Automated Drive-Thru Technology
McDonald’s is testing automated drive-thru ordering technology in 10 Chicago locations.
McDonald’s Impacted by Data Breach
McDonald’s now joins an ever-growing list of major companies impacted by data breaches.
Domino’s Testing Autonomous Pizza Delivery Robot
Domino’s is testing Nuro’s R2, an autonomous delivery vehicle, in Houston.
Dinner and a Drink — Uber Buying Alcohol Delivery Service Drizly
Uber is acquiring alcohol delivery startup Drizly, in a deal worth $1.1 billion.
Deliveroo CEO: COVID Has Accelerated Food Delivery Adoption by 2 to 3 Years
While many businesses are struggling as a result of the COVID-19 pandemic, the food delivery industry is booming.
McDonald’s Gets Into the Plant-Based ‘Meat’ Market
McDonald’s is the latest fast-food company to offer plant-based meat alternatives with its McPlant lineup.
Chipotle Set to Open Digital Kitchen, First Digital-Only Restaurant
Chipotle has announced its first digital-only restaurant, potentially disrupting the restaurant industry during one of its most challenging periods.
Google Brings Free Retail Listings to Google Search
Google has announced that it is bringing free retail listings to the main Google Search results page.