Anheuser-Busch to pay $5 million for trade practice violations

The Alcohol and Tobacco Tax and Trade Bureau (TTB), which regulates trade practice laws for the alcohol industry, announced today that Anheuser-Busch InBev has agreed to pay a record $5 million for alleged trade practice violations related to sports and entertainment sponsorships.

US may need more warehouse space for e-commerce

As more consumers shift to making their purchases online, the U.S. is going to need more warehouses to store products and handle those orders. According to commercial real estate services firm JLL, demand for industrial real estate could reach an additional 1 billion square feet by 2025.

Restaurant industry goes no-touch

The restaurant industry looks a lot different from pre-pandemic experiences as the distancing requirements affect the once-high-touch full-service dining service. “Over the past three months, our business changed in ways we never imagined,” said Gene Lee, CEO of Darden Restaurants Inc. “While off-premise will continue to play an important role as we recover, we know that the consumer still wants to enjoy an in-restaurant experience.” Read more to see how the industry is changing.

Walmart Plus launching as an Amazon Prime competitor

Walmart reportedly will be unveiling a subscription service called Walmart Plus this month which will be similar to Amazon Prime. Membership perks include same-day grocery delivery, gas station discounts and early access to deals. According to sources it will cost $98 a year compared to Amazon's $119-per-year Prime service.

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