The pandemic has caused hiccups in some regions, but the super-fast wireless tech keeps rolling out. This was supposed to be the year 5G went mainstream. Huge swaths of the world would be blanketed with coverage. Every major handset maker — including Apple — would offer a wide variety of 5G phones . After years…
Walmart grew online sales 74% in the first quarter. In the press release announcing its earnings results, management attributed the acceleration in online sales growth to “strong results for grocery pickup and delivery services.” A couple of other notable items from Walmart’s report include gross margin contraction of 66 basis points and lower losses for…
With restaurants resuming some dine-in services and more people returning to work, grocery stores are getting the short end of the stick. The total grocery industry, which includes in-store shopping and delivery and meal-kit providers, saw an “across-the-board spending deceleration” of about 500 basis points for the two weeks that ended May 19 from the…
While the apps say they are saving them in the pandemic, many restaurateurs say the opposite. Before the coronavirus lockdowns, Matt Majesky didn’t take much notice of the fees that Grubhub and Uber Eats charged him every time they processed an order for his restaurant, Pierogi Mountain. But once the lockdowns began, the apps became…
Steven Weinstein raised his first-quarter revenue expectations for Wayfair Inc. after scouring credit and debit card information from millions of Americans. Two weeks after his report was published in April, Wayfair reported quarterly net revenue of $2.33 billion, just $60 million shy of Weinstein’s estimate, which was higher than the consensus forecast of $2.28 billion.…