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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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Walmart Plans More Health Clinics In Atlanta Area

PYMNTS

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.

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Retail Recovery Veils Serious Headwinds

PYMNTS

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.

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Prime Members In San Francisco And Atlanta Get Free Whole Foods Delivery

PYMNTS

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.

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Retail Sales & PPI Reveal Softening Activity

South State Correspondent

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%

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Retail Pulse: Nike Opens Atlanta SNKRS Pop-Up; FAO Schwarz Plans London Store

PYMNTS

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.

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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.” Subway, Del Taco and Aramark.

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