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Kroger, Walgreens Pool Resources In Retail Procurement Alliance

PYMNTS

Kroger and Walgreens are expanding their partnership to create a new group purchasing organization (GPO) called the Retail Procurement Alliance, which will pool resources to cut costs and advance innovation, the companies said in a press release on Wednesday (Dec. trillion market. “It The food industry is a $1.5

Resources 132
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Why Brick-And-Mortar Merchants Are Tapping Into Unattended Retail

PYMNTS

To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. The number of Kentucky Fried Chicken locations to adopt kiosks by 2020 is 5,000.

Retail 198
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Impossible Foods CFO David Lee Goes To AppHarvest

PYMNTS

As president of AppHarvest, Lee will be in charge of developing strategy and working on managing operations, leading sales, marketing and finance functions as the company continues to grow. There are other facilities in Kentucky, including a 15-acre location to develop leafy greens, the release stated.

Kentucky 159
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Fabletics Announces Brick-and-Mortar Expansion

PYMNTS

Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.

San Diego 190
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FedEx Will Not Renew Amazon Ground Delivery Contract

PYMNTS

This change is consistent with our strategy to focus on the broader eCommerce market, which the recent announcements related to our FedEx Ground network have us positioned extraordinarily well to do,” a spokesperson for FedEx said. billion hub in 2021 in northern Kentucky, where it is growing its Amazon Air fleet to encompass 50 aircraft.

Kentucky 122
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Dine-In Restaurant Stocks Rally On Vaccine News, But Food Aggregators And Pizza Chains Sink

PYMNTS

For instance, shares of Brinker International, which operates or franchises about 1,600 Chili’s Grill and Bar locations and other eateries, were up 15 percent as of midday Monday. However, the “back-to-normal” rally that the markets saw on Monday represents much more of a pure-play on earnings and recovery. News on Monday (Nov.

Kentucky 253
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CFPB enters into settlement with payday retail lender

CFPB Monitor

The CFPB announced that it has entered into a settlement with the owners of payday loan retail outlets that operated under the name “Cash Tyme” in seven states to resolve alleged violations of the Consumer Financial Protection Act, the Gramm-Leach-Bliley Act/ Regulation P, and the Truth in Lending Act/ Regulation Z.

Retail 68