Shares of DoorDash Inc. slid slightly on their second day of trading, dropping some 7 percent as of approximately noon Eastern Time on Thursday (Dec. 10) to trade at $176.24. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Food delivery emerged as the top earner in the third quarter for China-based firm Meituan, according to a report from the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Gap Inc. said Tuesday (Nov. 24) that it enjoyed a 61 percent jump in online sales during its fiscal third quarter ended Oct. 31 — offsetting a 20 percent fall in in-store sales due to the ongoing pandemic. The retail giant also said that its...
Nordstrom crossed a critical digital-first economy threshold in its earnings announcement on Tuesday (Nov. 24). It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. Get the Full Story...
The implosion of major payments player Wirecard AG amid a multibillion-dollar fraud scandal has spurred an overhaul of Germany’s top stock index. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Dollar Tree, Inc. President and CEO Mike Witynski reported on Tuesday (Nov. 24) that the company’s Dollar Tree segment “delivered its strongest same-store sales performance in the past 10 quarters” in Q3. Get the Full Story Complete the form to unlock this article and enjoy...
JD.com, sometimes referred to as the Amazon of China, saw third-quarter 2020 net revenues surge to $25.7 billion, up 29 percent from the same period the previous year, according to a Monday (Nov. 16) announcement. The increase comes amid a pandemic-boosted surge in eCommerce. Get...
Star Indonesian startup Gojek is moving closer to eventual profitability after staunching a tide of ink amid losses on core services like delivery and ride-hailing, according to a new report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Walt Disney Company reported on Thursday (Nov. 12) as part of its Q4 results that Disney+ had over 73 million paid subscribers at the conclusion of the quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
