This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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
Walmart will open up at least six more health clinics in the greater Atlanta area by the end of the year, according to CNBC. The retail giant is also looking at opening clinics in the Jacksonville area of Florida, and it will open two clinics in Chicago, which would bring the total number of Walmart clinics to 13.
retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. But the May and June spikes returned retail sales levels to pre-pandemic numbers.
Adding to the sundry benefits of Prime, Amazon is launching free two-hour delivery of Whole Foods groceries in Atlanta and San Francisco through Prime Now. The service launched last month in four cities, and the company plans to expand the service this year, the company said in an announcement.
Retail Sales & PPI Reveal Softening Activity. The first of those is retail sales for December which declined by 1.1%. The so-called core retail sales rate, or Control Group, dipped 0.7% The Atlanta Fed’s GDPNow forecast for fourth quarter GDP stands at 4.1%, and the Bloomberg consensus is at 2.9%
The company recently opened a SNKRS Pop-Up shop in Atlanta — as the city gears up for Sunday’s Super Bowl game between the Patriots and the Rams — that will remain in the city until March. Beyond the pop-up shop, the retailer is opening a “Studio of Dreams” Super Bowl Content Studio on the same block. In Other Brick-And-Mortar News.
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.” Subway, Del Taco and Aramark.
Retailers are aiming to help consumers manage chronic diseases as well as their overall health and wellness through new brick-and-mortar experiences. Through HealthHUBs, consumers are at the center of an unmatched retail health experience. CVS Health, however, is not the only retailer to bolster its health offerings.
Engaging customers in socially responsible causes can help retailers build trust and develop lasting relationships that translate into many return visits. Some retailers are engaging consumers by allowing them to use their BNPL accounts to donate directly to nonprofits they choose. Around The Buy Now, Pay Later World. Williform.
In today’s top retail news, Amazon is delaying its logistics charge increases, while consumers in Italy are embracing a new cash-back effort for card payments. Plus, Peloton has moved to remedy its manufacturing and order backlog hurdle by acquiring Precor. . Amazon Puts Off Merchant Fulfillment Fee Hikes Until June.
In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.
While the CEO of the country’s biggest mall owner thinks that retail store closures will slow down this year, he added that he “can’t guarantee it.”. “I His latest comments come after Simon admitted in February that he was “nervous” about additional retail bankruptcies happening during the first quarter.
Top-tier malls in the country, once thought to be impervious to the changing retail landscape, have been struggling lately, according to a report by The Wall Street Journal. Simon Property Group is the owner of Phipps Plaza in Atlanta and King of Prussia mall in Pennsylvania. a share, from an earlier range of $7.04
said Wednesday (July 31) it is considering retail investment as it looks to keep stores in the black, according to CNBC. “I We’re certainly as good as the private-equity guys when it comes to retail investment. Simon added that the company would be selective in supporting retailers, only buying into brands with volume.
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.”.
Slovenski serves as senior vice president and president of health and wellness for the retail giant. The company recently announced that there would be at least six more clinics in the greater Atlanta area, along with others in Florida and Chicago. Walmart also recently announced a round of corporate layoffs.
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.
Meanwhile, retail properties started to see some headwinds in the form of store closings announced in late 2024 by the likes of CVS and Walgreens. Multifamily properties in high-growth Sunbelt cities like Atlanta and Phoenix face elevated criticized loan volumes after aggressive origination between 2019 and 2021.
The talks — and the retail offerings — will come to WeWork spaces in New York, San Francisco, Atlanta and Philadelphia, Glossy reported. The partnership comes as a decline in physical retail has hit J.Crew particularly hard in recent years. Crew has struggled with the retail reset that is sweeping the segment.
EXCLUSIVE – Atlanta-based InComm Holdings and American Express will meet today to discuss next steps for their recently announced partnership on Amex’s prepaid card business, InComm President Phil Graves told Bank Innovation.
This growth is creating opportunities for numerous retailers, including BlackCool & Co. , Williform , founder and CEO of the three-year-old Atlanta-based company. . Williform , founder and CEO of the three-year-old Atlanta-based company. . “I I’m sure some of these respective retailers already have BNPL,” he said.
The new law will take effect in July and would require most retail outlets to accept physical currency. Mercedes-Benz Stadium in Atlanta will be the first NFL stadium to go 100 percent cashless. Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S.
retail sales, which missed expectations and flattened out in July instead of growing by.4 All in, retail sales were found to have increased.6 Retail sales were also unchanged last month after an unrevised 0.5 Core retail sales correspond most closely with the consumer spending component of gross domestic product.
And, in retail, pharmacy retailers are aiming to help consumers manage chronic diseases as well as their overall health and wellness through new experiences. CVS Health , in one case, debuted its HealthHUB store design in 16 CVS Pharmacy locations to serve the Atlanta area. All this, Today in Data.
Retail sales data in the United States showed anemic percentage gains in November, economic data that alongside declines in industrial production may auger some slowing economic growth. percent in the period (this is known as core retail sales). The Commerce Department, which released that data, also said that sales gained 3.8
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.
Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. Construction of new warehouses is occurring in areas such as California, Phoenix, Las Vegas and Atlanta. The average age of a warehouse in the U.S. However, some of the oldest warehouses in the U.S.
locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. They can track the delivery just like an Uber trip, the blog post indicated.
It’s a new fact of retail that consumers want shipping as fast as possible for as little cost as possible. That translates into a $14 fee for the express delivery of a small, three-pound package from New York to Atlanta. We’re not having Saratoga Oil Prime anytime soon,” Peter Koch, Saratoga’s operations analyst, told WSJ.
Alibaba and Tencent , which are locked in a battle to win over consumers, have invested more than $10 billion in retailers since the beginning of 2017. As a result, retailers are taking sides, CNBC reported. By working with Alibaba and Tencent, merchants can access payment systems and logistics services — as well as Big Data.
Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its business and reduces its expenses, Bloomberg reported, citing unnamed sources. “We will share additional information after we’ve completed our communication with associates.”
What to do with retail malls? That is among the latest trends as retail reinvents itself, and technology and other trends force new uses for old commerce spaces. Malls are not exactly the hotspots of coolness and retail activity they once were. retailers so far this year than in all of 2018.
The world of retail might not be quite getting back to normal, but people are starting to pick up some pieces of their old day-to-day lives again. A few big-ticket purchases of digital apparel retailers like ModCloth and Bonobos didn’t turn out as planned. Those items are available for purchase, but are being stored in a secure room.”.
To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. However, as in a traditional retail store, staff called “in-store stylists” are on hand to give recommendations tailored to each customer. Staffing has also become a challenge for retail companies.
30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally. Notably, at the Atlanta event, participants from Visa, Square and Yelp will participate in the workshops. An inaugural Jan. For example, Simon said, the Jan. India and Mexico.
The world of toys has changed and keeps on changing, and that means changes, too, for toy retail — changes that reflect some of the hottest trends in commerce. The play areas will open toward the end of October at Buckhead’s Lenox Marketplace in Atlanta as well as on North Michigan Avenue in Chicago. Take subscription commerce.
Bank Innovation Build will take place November 6-7 at Atlanta’s W Hotel Downtown. Bank, will participate in a fireside chat at Bank Innovation Build 2019, this blog’s event on best practices in banking innovation. Register here.) Bank Innovation Build will bring together industry leaders […].
Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 Headquartered in Atlanta, Georgia, NCR offers products and services that help businesses interact with their customers. 11) press release. . “The 11) press release. .
The European Central Bank says Europe should be ready to adopt a digital euro so residents can access money amid the evolving retail payment landscape. The partnership marks the retail giant's foray into privately managed Medicare Advantage plans. European Central Bank Outlines Use Cases for Digital Euro. Goldman to Pay $2.5B
The service will be initially available in four California cities, including Los Angeles and San Francisco, as well as Las Vegas, Atlanta, Miami, Seattle and Chicago, with eight more en route. Deliv, which has buy-in from UPS, is currently available in 100 cities across the U.S.
ALDI partnered with Instacart in March, first launching the service in greater Chicago, in areas as far as Rockford, Illinois, after testing it out in three markets – Atlanta, Dallas and Los Angeles — in August. We’re growing at a time when other retailers are struggling. Last year, the company revealed plans to spend $1.6
Brick-and-mortar retailers, as well as online merchants, are offering consumers all sorts of products and services through the subscription business model, from movies to tea. And retailers are offering innovative subscriptions for all sorts of products. The company accepts credit and debit cards for payments.
Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. From Amazon to Uber and Walgreens, retailers and eCommerce platforms are tapping into drones to expand their omnichannel offerings by providing consumers with easy access to their favorite products.
Retail has changed more in the past four years than in our company’s 40-year history. The community is about 35 miles southeast of Atlanta on Interstate 75. The Home Depot said the new operation, about 20 miles east of Atlanta on Interstate 20, follows the opening of a similar one in Dallas. .” population.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content