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Coronavirus Triggers Furloughs For Over 1K Workers At Simon-Owned Malls

PYMNTS

The furloughs affect employees at Simon’s Indianapolis headquarters as well as at its malls and outlets nationwide, a source familiar with the situation told CNBC. In addition, upper management salaries are being slashed by up to 30 percent. The retail industry has been hit especially hard by the pandemic. billion in debt.

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Instacart Delivery Coming To Half Of Sam’s Club Locations

PYMNTS

Now $600 million better capitalized, the grocery delivery service as of today (Oct. Markets included in Instacart’s larger footprint will include New Jersey, Indianapolis and Houston, among others, according to the company. It’s been a good week for Instacart.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. In 2019, we increased GPU by $750. Ontario (L.A.),

Company 130
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

In this review of failure, we’ve looked in our venture capital database to find the most well-funded startup companies that ultimately failed or had an undesirable exit, such as an asset sale or an acquisition for less than the total funding raised by the company. ” via Indianapolis Business Journal. . Company: Jawbone.

Capital 78