Yum Brands, the parent of KFC, Pizza Hut, and Taco Bell, was hit by a ransomware attack, leading to hundreds of locations closing.
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, 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 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.”
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 has announced its alcohol delivery service is expanding to 20 states, as well as DC.
Robots are helping restaurants deal with staff shortages, taking over some of the easier, but critical, day-to-day duties.
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. President and CEO Bill Simon sees technology, such as virtual reality, having…
“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 has announced a major acceleration of its grocery delivery service, now available in more than 400 cities and towns in the US.
McDonald’s is testing automated drive-thru ordering technology in 10 Chicago locations.
McDonald’s now joins an ever-growing list of major companies impacted by data breaches.
Domino’s is testing Nuro’s R2, an autonomous delivery vehicle, in Houston.
Uber is acquiring alcohol delivery startup Drizly, in a deal worth $1.1 billion.
While many businesses are struggling as a result of the COVID-19 pandemic, the food delivery industry is booming.
McDonald’s is the latest fast-food company to offer plant-based meat alternatives with its McPlant lineup.
Chipotle has announced its first digital-only restaurant, potentially disrupting the restaurant industry during one of its most challenging periods.
Google has announced that it is bringing free retail listings to the main Google Search results page.