article thumbnail

Online Grocer Ocado Acquires Robotics Companies To Drive Automation

PYMNTS

based online grocery, is heightening its automation drive by acquiring two robotics companies. The robotic pick opportunity in online grocery is of huge value to us and our clients globally,” said Tim Steiner , Ocado CEO. The company was founded in 2000 by three former Goldman Sachs bankers. Ocado , a U.K.-based

Las Vegas 222
article thumbnail

US Online Grocery Sales Hit $7.2B In June

PYMNTS

Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food, according to a new survey by Brick Meets Click. In the last 30 days, the survey found that the number of online sales grew over 9 percent, hitting a record of $7.2 That’s up from $6.6 billion in May.

Online 167
Insiders

Sign Up for our Newsletter

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

article thumbnail

Robinhood suffers online outage with US stocks rebounding

Bank Innovation

New York time, the company posted a statement on the website […]. Robinhood Markets Inc.’s s brokerage website experienced technical issues Monday with some customers unable to make trades on a day when the market was rebounding from last week’s rout. A system-wide failure began as the U.S. markets opened and continued through midday.

Online 273
article thumbnail

Mastercard Expands Online Search Tool To US, Canada

PYMNTS

Mastercard has introduced new tools designed to help small businesses drive online commerce, the company announced Wednesday (June 8). The company said the tools use data from a pool of information to give the best possible picture of financial health. and Canada. The project is being rolled out first in the U.S.,

Tools 149
article thumbnail

US Companies Pivot From Resilency To Reinvention

PYMNTS

companies now say that’s not enough. Chipotle Mexican Grill has hired 8,000 workers since May at reformatted stores where customers can place orders online and then pick up their food at drive-thru windows. Despite trimming jobs and minimizing operations as COVID-19 spread earlier this year, large U.S.

Company 175
article thumbnail

Toys R Us Sees A Future Online

PYMNTS

billion financing infusion from a group of lenders led by JPMorgan Chase, toy and game retailer Toys R Us is announcing new steps in its post-bankruptcy restructuring. 2) that Toys R Us has partnered with global marketplace solutions provider Mirakl to create a new online marketplace. One week after reporting a $3.1

US 116
article thumbnail

US Treasury: Taxes On Digital Companies Are Discriminatory

PYMNTS

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple.

Taxes 132