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FedEx Eyes Stake In Germany’s Hermes Delivery Service

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The Memphis-based delivery company has instead seen a massive upswing in low-margin personal home deliveries as people start to shift to eCommerce during the pandemic. FedEx has been seeing an upheaval of its business and may have to tap into debt to make up for the dearth of the usual high-profit business shipments.

Memphis 215
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Digital Bank Startup Branch Offers Mobile Payments

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In addition to its partnership with Mastercard, Evolve Bank & Trust, the Memphis-based lender, will provide a free checking account and debit card. Branch is in a crowded market with lots of competition, including Vserv Digital Services in Singapore, Phizzle in San Francisco, New York’s Engen and Magnify360 of Los Angeles.

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Fixing Meal Delivery By Ditching The Subscriptions 

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Blue Apron is still in existence — which is more than a lot of the follow-on meal kit businesses that entered the market in Blue Apron’s wake can say as of late 2019 — but its fortunes have been rocky since it entered the public market in the summer of 2017. They just want the product. are planned to follow along.

Memphis 103
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Mall Vacancies At Highest Level In Eight Years

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But 24 cities experienced vacancy rates that exceeded 12 percent, with the inclusion of Buffalo, Memphis and Albuquerque. There have been indications of trouble in local retail property markets as landlords prepare for store closures after Forever 21 ’s bankruptcy. But retail vacancies increased by 2.4

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Food Startup Novameat Can 3D Print Alt-Meat Steaks

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Novameat, a Spanish food startup that wants to bring plant-based meat alternatives to the public, has gotten an investment from New Crop Capital to bring its 3D printed plant-based steaks to market, according to a report by TechCrunch. Now, it’s going to use the funding to help with the development of other plant-based proteins. .

Memphis 141
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FedEx Teams With Walmart, Target On Same-Day Delivery Robot

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“We are excited to bring this technology to address new markets and better support our customers. The project has to be approved in the proposed test cities, including Memphis, where it has the go-ahead from Mayor Jim Strickland.

Memphis 122
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Instacart, Walmart Canada Work On Grocery Delivery Pilot

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According to a report in USA Today in August, the service was available in Atlanta and Augusta, Georgia; Knoxville, Memphis, and Nashville, Tennessee; Little Rock, Arkansas, as well as other cities and regions. The goal is to have the service in 120 metropolitan markets by October, which will cover 1,600 stores.

Nashville 109