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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.

Trends 178
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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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The Real Hunger Games: A Battle Royale In The Grocery Aisles

PYMNTS

Once the 24 competitors (tributes) get to the games, they then battle to the death for a national audience that is required by law to watch the games. When linked to the Amazon Chase card, the cash-back makes the experience even more of a win, in addition to serving as a natural pull toward card/brand share shift. In the U.S.,

Branding 101
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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