Pivotree Acquires Supply Chain Firm Bridge Solutions

The frictionless commerce provider Pivotree says that two “large-scale retailers” have begun to reap the benefits of its recent acquisition of the supply chain service firm Bridge Solutions Group. “We are seeing immediate synergies from this acquisition, as our...

FreshBooks Acquires FastBill to Boost Growth in Canada

Cloud-based financial software platform FreshBooks, which is headquartered in Toronto, announced on Thursday (Oct. 7) that it will acquire the German FinTech FastBill, according to reports. With corporate customers in more than 160 countries, FreshBooks focuses on...

Grocery Roundup: Aldi Goes Cashierless; Jokr Adds Alcohol

Self-service is evolving beyond the kiosk. Essen, Germany-based global discount grocery chain Aldi announced Friday (Oct. 1) that it is testing out computer vision checkout at one of its locations in the Netherlands. The Utrecht store will undergo a 12-month trial of...

Hotels: Occupancy Rate Down 9.2% Compared to Same Week in 2019

Note: Since occupancy declined sharply at the onset of the pandemic, CoStar is comparing to 2019.From CoStar: STR: US Hotel Performance Slides in Latest Weekly DataU.S. hotel performance dipped from the previous week, according to STR‘s latest data through Oct. 2.26...

Goldman September Payrolls Preview

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:We estimate nonfarm payrolls rose 600k in September … we believe the nationwide expiration of enhanced unemployment benefits on September 5 boosted effective labor supply and job growth...