More than 15,000 restaurants have closed permanently since the start of the pandemic, and not all of them are small independent operations. NPC international, a major franchisee of Pizza Hut and Wendy’s locations, recently filed for bankruptcy protection as sales across all stores dropped 37 percent compared to the previous year. But while much of the restaurant industry has struggled, one chain has managed to thrive: Domino’s Pizza sales have increased by 16 percent since March.
By focusing on Continue reading
According to the Bureau of Labor Statistics, the number of jobs for nurses will grow by 15 percent between 2016 and 2026. With nurses in such high demand, hospitals around the country are on a near constant search for qualified professionals. Sometimes, though, there simply aren’t enough candidates available to meet demand. This can lead to hospital staffing shortages, which require nurses to work longer hours and perform more tasks.
That’s where a robot named Moxi comes in. Developed by Continue reading
As the world’s most innovative retailer, Amazon is constantly on the look for new and improved ways to serve their customers. Adopting state-of-the-art technology often helps the company accomplish this task, but finding and identifying new types of tech is only half the battle. Amazon also needs skilled employees who can handle this ever-evolving business environment. Finding the right candidates isn’t easy, though: Amazon currently has 20,000 job openings in the U.S.
To fill these vacant positions, the e-commerce Continue reading
In recent years retailers both large and small have struggled to compete against the low prices and convenience offered by e-commerce outlets. But even as Amazon disrupted all sorts of stores over the last decade, supermarkets such as Kroger managed to survive and thrive. Along with the troubles of delivering fresh produce, online retailers couldn’t convince customers to buy their food sight-unseen.
That is until startups like Instacart made grocery delivery more accessible to the average consumer. Although online purchases Continue reading
Although share prices of Uber have not dropped significantly since its terrible first two days, the ride-hailing company is still a long way off of its initial $120 billion valuation. Its competitor Lyft has had a similarly unimpressive IPO, disappointing many investors who hoped both companies would debut strongly on the market. But while these firms are performing well below Wall Street’s expectations, one new tech stock is dazzling shareholders and making competitors pay attention.
Since hitting the market Continue reading
If you’ve never seen a tiny Smart car puttering around the streets of your town, then you’re certainly not alone. The American public have taken little interest in these subcompact, battery-powered two seaters, with the German automaker selling less than 1,200 of its Fourtwo model in 2018. That’s why Smart’s parent company Daimler recently announced it would stop selling the car in the U.S. and Canada after this model year.
“Micro-cars” like these “make sense when you have small roads Continue reading
A few weeks ago, PepsiCo announced the annual results of what turned out to be a very profitable year. The beverage and snack giant saw revenues increase 1.8 percent to a whopping $64.4 billion, resulting in a profit of $12.6 billion. On top of this 158 percent increase in annual profit, Pepsi also predicted organic growth at a rate of 4 percent for the coming fiscal year.
But while the company had plenty of good news in store for investors, Continue reading