Fesa DoorDash, GM Team On Delivery Tech
Target may have its hands full trying to pare back its unsold inventory and shore-up slumping profits, but the retail giant told investors it also tackling a third problem of sorts, as it tries to keep up with a spike in demand for same-day delivery and in-store pickup.In pointing to the outsized growth for its same-day delivery services, Target said it plans to double its investment in the small, local 8220 ortation centers it has been adding lately to help support rapid order fulfillment by nearby stores and ease its final mile logistical challenges.According to Targe
stanley cup canada t CEO Brian Cornell, the increased commitment to meeting demand fo
stanley mug r same-day and in-store order pickup is a direct resul
stanley canada t of changing consumer habits and increased traffic to its stores and website, which he said have added 90 million new customers in the past three years. Our industry-leading, same-day services have transformed our business in a short time, Cornell said on the retailers second quarter earnings call Wednesday Aug. 17 .Where Targets digital business accounted for 7% of its total sales in 2019, Cornell said the same-day delivery portion of those digital orders 鈥?on their own 鈥?now drive over 10% of its total revenue, helping lead an increase in its total digital penetration rate, which he said is now up to almost 18%.Targets increased sortation center investment is consistent with a PYMNTS survey of 2,700 consumers that showed 34% of connected consumers now deman Yekc Today in Restaurant and Grocery Tech: Deliveroo Moves Toward Rapid Fulfillment; Yelp Launches All-in-One Front-of-House Solution
The European Parliament voted overwhelmingly on Tuesday March 10 to cap payment card interchange fees for consumer payments, according to Finextra.The 621-to-26 vote came after a deal was struck in December between lawmakers and the EU Council to set the caps at 0.2 percent for debit and 0.3 percent for credit transactions and also set limits on Visa and MasterCard Honor All Cards rule. For consumer debit cards, the new rules also allow individual EU member states to set lower percentage caps and impose maximum fee amounts.However, commercial payment cards that are used only to pay for business expenses are exempt from the caps, and so are three-party card schemes like American Express and Diners Club. After three years, the new regulations will also apply to three-party card schemes that license other parties to issue cards, so they ;re effectively operating as four-party schemes. The European Commission said it estimated that the new rules could reduce hidden fees for consumer payment cards by about 鈧? billion $6.4 billion . The new rules must still be approved by the EU Council, which is expected
stanley kubek to take place before summer arrives.This legislation will put a cap on interchange fees, make them more transparent and remove a hurdle to rolling out innovative payment technologies, said EU Commissioner Margrethe Vestager, who in charge of competition poli
stanley hrnek cy for the Commissio
stanley kubek n, according to Finextra. It is good for cons
