Remove Memphis Remove Online Remove Retail
article thumbnail

FedEx Eyes Stake In Germany’s Hermes Delivery Service

PYMNTS

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 felt the pressure of the pandemic as online sales increased almost 50 percent during the month of April.

Memphis 215
article thumbnail

Retail Labor Shortage Concerns Deepening

PYMNTS

A good economy is good news for retailers in a variety of regards. But for retailers going into the holiday season 2016, a good economy is creating yet another headwind for physical retailers who’ve spent much of the year being buffeted constantly by market pressures. Employment, according to the latest figures, hit 4.9

Retail 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retailers Look To Digital Technologies After Beating The Street

PYMNTS

Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. billion, according to news from Retail Dive. In some cases, the retailer is demolishing existing stores to create new uses of the land. billion on Friday (April 27).

Retail 101
article thumbnail

Shuttered Sam’s Club Converted Into eCommerce Center

PYMNTS

Once completed, the new center will serve as a regional hub for Sam’s Club online orders and will cover several hundred miles around Chicago. In June, the retailer unveiled a new fulfillment center in Memphis. Currently, the company is planning to have the hub up and running by the end of 2018.

Chicago 101
article thumbnail

COVID-19 Vaccine Could Complicate Holiday Shipping Delays

PYMNTS

Retailers have been both passively and actively been encouraging consumers to shop early in the year 2020 — something which PYMNTS recent Black Friday data indicates that many did, with nearly half reporting their holiday shopping finished as of Black Friday. But that, of course, leaves the half that had not. As I watch this at 11 a.m.

Michigan 179
article thumbnail

DHL: Strengthening Fulfillment’s Weakest Link

PYMNTS

The question of supply chain management – of tracking the continuum from online ordering to picking to packing to navigating the last mile – hangs over seemingly every business conversation these days. Traditional consumer goods firms or retailers have been able to place orders months in advance, knowing the inventory will eventually arrive.

Memphis 142
article thumbnail

Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. Oklahoma City, and Memphis. Apparently that will get you in trouble on the Street.

Company 130