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Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Data Shows

PYMNTS

The Financial Times (FT) reported the evidence of the losses can be seen in the commercial mortgage-backed securities (CMBS) market from appraisals. Hotels have been especially hard hit as travel has diminished amid COVID-19 shutdowns, with many operators reporting single-digit occupancy rates. Commercial properties in the U.S.

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Singapore’s TiffinLabs To Launch 1,000 Smart Kitchens For Food Delivery

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TiffinLabs opened in early 2019 and is operating some kitchens in Singapore, including digital-first restaurant brands Publico Pastabar and Hureideu – Korean Fried Chicken. market and assessing what needed to be done in terms of building demand and a network for supply, along with selecting the locations. . The first U.S.

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Amazon Announces Next Whole Foods Delivery Expansion

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Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Customers can start shopping from Whole Foods Market selection from the Prime Now website or by using the app available.

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Big Brick-And-Mortars Double Down On Same-Day Delivery

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Macy’s, Best Buy and Kohl’s have all recently stepped up same-day delivery options that were in testing mode to full-scale operations in some locations. However, of late, its expansion has been rapid, and it is now in 17 major metro markets. Baltimore markets.

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McDelivery Is McDominating In 1,000 New Markets

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3,500 more McDonald’s markets are going to be lovin’ it by the end of June as delivery service rolls out to even more restaurants. On Wednesday (May 31), McDelivery with UberEATS launched at locations in the New York Metro Area, Fresno, Seattle, Denver, Dallas, Houston, San Antonio and Washington, D.C.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

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The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential.

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How A New Name Sparked An Unattended Retail Turnaround

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Most brands hope to make a big splash when they enter the market – but not for this type of reason. There are now over 1,000 Stockwell machines spread across the San Francisco Bay Area, Los Angeles, Houston and Chicago.

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