Pepsi is investing in a $1 billion part of its business to avoid the retail apocalypse that wrecked Sears and Macy's

Filed under: Finance, Business, CompaniesPepsiCo announced Tuesday it is reinvesting some of the millions of dollars it is saving under the new GOP tax plan in e-commerce.E-commerce already accounts for roughly $1 billion in Pepsi's annual retail sales.Analysts have said that Coca-Cola and Pepsi haven't braced for e-commerce's impact, with one calling out beverage giants for their "antiquated" approach. PepsiCo is investing in e-commerce to avoid the downward spiral that is dooming retailers like Sears and Macy's. Read more... Permalink | Email this | Linking Blogs | Comments...

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By: Kitchen Daily - Tuesday, 13 February

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