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How Grocery Retail Will Evolve In 2020

PYMNTS

As grocers test out different approaches to get products to shoppers in a more efficient manner, food retailers are betting big on small warehouses to shore up their growing delivery operations. Delivery stands as a big area of innovation. And in this case, smaller can be better, it seems. Walmart, Albertsons Cos. Walmart, Albertsons Cos.

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Ahold Delhaize Bolsters Investment In eCommerce

PYMNTS

As COVID-19 leads more customers to purchase groceries through the web, Stop & Shop owner Ahold Delhaize NV is putting more resources toward online shopping operations. The company opted to speed up the expansion of its eCommerce channels and connect online shopping with physical retail due to COVID-19, Knight said in the report.

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Retail Pulse: H-E-B Rolls Out New App; Jimmy John’s Launches Loyalty Program

PYMNTS

Grocery retailers are making it easier for consumers to shop with their mobile devices through digital innovations. Chief Digital Officer Jag Bath said per a post , “The new My H-E-B mobile app is a perfect example of how we are investing in new technologies to enhance our digital services and establish H-E-B as a digital retail leader.”

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UBS gets a dose of digital disruption in CEO’s first major move

BankInovation

Coming from ING Groep NV, the Dutch lender he’s credited with transforming, the Dutchman’s mission statement is to pull […]. UBS Group AG has become an investor favorite in recent years as a reliable beacon of profitability.

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Mattress Firm May Be Gearing Up For Bankruptcy Filing

PYMNTS

Mattress Firm and its parent company, Steinhoff International Holdings NV, didn’t respond to Reuters ’ requests for comment. In August , people familiar with the company said that the retailer was mulling a bankruptcy filing. Tempur Sealy International’s stock rose 5.2 percent and closed at $52.64 as a result.

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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. Set to launch in a year and a half, it will provide credit and brokerage services to retail customers.

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Retail Pulse: Mattress Firm Mulls Bankruptcy; Walmart Plans Robotic Grocery Pickup

PYMNTS

Brick-and-mortar retailers have sought to reduce their retail footprint in hard times, and Mattress Firm, Inc. Steinhoff International Holdings NV, which acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt. is no exception.

Retail 105