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Atlanta Fed: GDP Could Tumble By 43 Pct In Q2

PYMNTS

Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is expected to drop by nearly 43 percent in the second quarter, CNBC reported. GDPNow is not an official forecast of the Atlanta Fed. percent in Q2, down from the May 8 estimate of 33.9

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KFC Brings Beyond Meat Chicken To Atlanta Location

PYMNTS

The QSR chain also said it will consider feedback from Atlanta customers as it looks to a broader pilot or potential national rollout. According to the announcement, KFC turned to Beyond Meat “to create a finger-lickin’ good, plant-based fried chicken that will appeal to lovers of both Beyond Meat and KFC.”

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? Tune in all week for live-streaming , beginning at 7:30 p.m. Every business starts small.

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Home Depot Connects Opioid Addiction To Thievery Uptick

PYMNTS

The thefts — which retailers call shrink — will result in lower operating profit margins in 2020, Home Depot executives told analysts and investors during a meeting. This is happening everywhere in retail,” Craig Menear, chief executive officer said. “We We think this ties to the opioid crisis, but we’re not positive about that.”.

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CarMax Shifts Into eCommerce

PYMNTS

National used car retailer CarMax has announced the launch of a new omnichannel buying experience that will be made available first in Atlanta, Georgia. The Atlanta launch is only the beginning. CarMax is the nation’s largest retailer of used cars and operates nearly 200 stores in 41 states.

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Accelerating Atlanta: How the South's Fintech Hub Attracts New Talent

Payments Source

Atlanta is flush with payment processors that handle more than 70% of the nation's transactions. These players now plan to expand their reach even further, hoping to make the southern city a fintech hub to rival Silicon Valley and New York.

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Team USA Launches Omnichannel Strategy For Olympic Retail

PYMNTS

Fanatics , a company that sells Team USA merchandise, has taken a novel approach to Olympic retail this year with a physical store in a major U.S. The store marks a milestone for Team USA: It’s their first in-person retail store outside the Olympic Training Center in Colorado. Retail Gold. The Economics.

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