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Marriott Sees ‘Improving Trends’ In Greater China As Region’s Travel Begins Recovery

PYMNTS

billion in April and brought in $920 million in additional liquidity via amendments to its co-brand credit card agreements in May. Marriott CEO and President Arne Sorenson said on a Monday (May 11) earnings call that, overall, “negative trends appear to have bottomed in most regions around the world.

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US Liquor Sales Rise, But Not Enough To Offset COVID-Related Global Revenue Decline

PYMNTS

By region, Diageo’s Asia sales saw the biggest drop at 16 percent. The company attributed that to the fact that many countries in that region not only shuttered bars and restaurants, but also liquor stores. However, not all regions showed declines: North America bucked the trend and saw its sales rise 2 percent.

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eCommerce Business Blue Acorn Slashes Jobs

PYMNTS

Blue Acorn , the company that says it uses “data to turn eCommerce into science,” is cutting an undisclosed number of jobs but says its business is still growing, according to The Post and Courier of Charleston, South Carolina. million, a 386 percent growth over three years. million, a 386 percent growth over three years.

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Publix: 88 Years In Grocery And Looking To Grow

PYMNTS

A highly regional grocery store chain, it’s only known in the six states where it actually operates. In 2015, Safeway took over three Albertsons stores and poured $30 million in bringing the West Coast brand to Publix country. It’s not a new brand experience — Publix offers GreenWise produce, meats and non-food items, like tissues.

Florida 105
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Rescuing The Restaurant Business From App Decline

PYMNTS

The internet “and its many apps, online reviews, and socially viral communication speeds will continue to disrupt restaurant industry traffic, revenues, brands, and survivability even more over the next decade,” Christopher Baron of RedBaron Consulting, told Modern Restaurant Management.

Miami 130
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To Stop Scams, It’s Time to Add Sensible Friction to Easy Money

FICO

Since worries about regional bank struggles and an uncertain stock market are driving people with cash to look for safe havens and good interest rates, it pays to be very careful about security as well as who is behind the friendly new banking brand. in statistics, both from the University of South Carolina.

Fraud 52
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Meanwhile, brands that were already virtual-first have seen dramatic increases in adoption during the crisis. Sales of the interactive at-home fitness brand Mirror doubled in the weeks following Covid-19’s arrival in the US. The average number of daily sign-ups for workout streaming platform NEOU grew 600% in one week.

Industry 101