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Walgreens Plans To Shutter 200 Locations

PYMNTS

Walgreens said in a statement, according to the outlet, “As previously announced, we are undertaking a transformational cost management program to accelerate the ongoing transformation of our business, enable investments in key areas and to become a more efficient enterprise.” At that time, the retailer also shuttered 200 locations.

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Analysts Predicting A Big Year For eCommerce In 2017

PYMNTS

Going to be a good year for online retailers if analysts got their guess right. The study further noted that online retail sales growth has picked up just over 14 percent in the last year, and while there is expected to be some cooling there to 11.4

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Today In Data: Corporate Travel Spend, UK Cash Is King And Cannabis’ Growth

PYMNTS

trillion | Amount the Global Business Travel Association (GBTA) estimated global travel and expense management market corporate travel spend was worth in 2015. $70 6 billion | Total revenue brought in by the cannabis industry in 2016, a figure that some estimate will grow to as much as $50 billion by the year 2026. . $6

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Wegmans To Open In Brooklyn; Whole Foods Brings Eateries To 500th Store

PYMNTS

Grocery retailers are opening new stores in cities that aren’t only designed as places for consumers to pick up their weekly groceries: They’re turning them into culinary destinations with eateries as well as features designed for city living. Luxury retailers usually have that type of glass installed, and it’s easier to see inside.

New York 100
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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Despite Chris Rock’s old adage that people “don’t sell drugs, drugs sell themselves,” being in the legal — or at least legal-ish — business of cannabis retail is surprisingly difficult and friction-filled work. The problem is not in moving the supply. As a point of comparison, U.S. A very wide path.

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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually.

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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The tax may be a case for the government to boost its own coffers on eCommerce, anticipated to be worth as much as $200 billion annually by 2026, as estimated by the India Brand Equity Foundation (IBEF) late last year. That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020.

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