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Today In Retail: FedEx Concludes ShopRunner Acquisition; Save A Lot Sells 51 Stores To Fresh Encounter

PYMNTS

concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. 28) that it closed its acquisition of ShopRunner, which will operate as a part of a new group inside of FedEx Services named FedEx Dataworks.

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JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent

PYMNTS

JPMorgan Chase has dimmed its view of the future yet again, now saying the nation’s gross domestic product (GDP) could sink by as much as 40 percent in the second quarter due to the coronavirus pandemic, according to CNBC. That’s an increase from the already-dire 25 percent drop JPMorgan previously predicted.

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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. Filling a need.

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Bulk Nation And The Frill-Free Customizable Grocery Future

PYMNTS

But Bulk Nation had a radical idea about fixing that problem. This was the founding question for the alternative grocery company when it first opened in Sarasota, Florida, in 2013. And, he noted, customers who are coming to Bulk Nation are also going to experience a much wider range of goods than they might otherwise.

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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)

PYMNTS

And in Florida, state and local officials in 18 counties last month broke up a ring that allegedly stole nearly $85,000 of easy-to-resell items like baby formula, diapers, and energy drinks from Publix, Winn Dixie, and Walmart — typically taking $350 to $900 worth of goods at a time. A Growing Problem.

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Here is The Math Behind the High-Yield Account

South State Correspondent

If you bank in a fast-growing state such as Nevada, Utah, Idaho, Arizona, Texas, Florida, or South Carolina, population and business formation growth result in lower acquisition costs. Your banker smartly cross-sells them a savings account and pays them the current national average of 59 basis points.

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Bitcoin Daily: Unicas Opens Physical Crypto Bank Branch In India; Mayor Eyes Investing 1 Pct Of Miami's Reserves In Bitcoin

PYMNTS

The operation also will provide traditional banking services, according to the backers. The backers wrote in a post announcing the branch opening that among its features will be giving customers the ability "to transact in cryptocurrency and (Indian rupees) through a single account.". AMBCrypto reported Wednesday (Dec.

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