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ALDI Plans 70 New Store Openings In Expansion Push

PYMNTS

As it begins a new period of growth, ALDI intends to open over 70 new retail locations by the conclusion of 2020. The value grocery chain also said it intended to come into the greater Phoenix market and continue to support Gulf Coast store growth with a new Alabama distribution center, according to a Tuesday (July 21) announcement.

Alabama 159
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Amazon, Whole Foods, ALDI Open Grocery Stores Despite Pandemic

PYMNTS

Amazon Fresh, a new physical retail concept from Amazon, is setting up shop in four locations in the Chicago market, the Chicago Tribune reported. Furthermore, Whole Foods Market lists new store openings In Sherman Oaks, California; Sunnyvale, California and Fort Lauderdale, Florida.

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. A data team from the eCommerce retailer determines what is sold at the locations, Amazon Physical Stores Director Drew Sheriff told MetroWest Daily News.

Retail 109
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Mall Vacancies At Highest Level In Eight Years

PYMNTS

Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. Reis data indicates that the proportion of units sitting empty in some cities – with the inclusion of Birmingham, Alabama and Indianapolis, Indiana – is roughly four times higher than San Francisco, the Financial Times reported.

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Target Wants To Ramp Up Shipt Deliveries In The New Year

PYMNTS

It was one of the largest acquisitions at the time for the company, and it moved the retail giant closer to its goal of providing same-day delivery for all of its customers. Target currently provides same-day service for in about 200 markets through 46 states. Looking forward, Target wants to continue growing.

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How Financial Institutions Focus on Customers Is Key

Abrigo

Panelists will be Jill Hudson, Vice President & Operations Officer at Vision Bank in Ada, Oklahoma, Brandon McBay, Senior Vice President at Southern States Bank in Anniston, Alabama, and Laura Broderick, Chief Marketing Officer at Abrigo. Alison Trapp, Abrigo’s Director of Client Education, will moderate the discussion.

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. The operative question is when commercial PODs will show a spike. Regarding volatility, Alabama is projected to have the most significant variability in credit, while Connecticut is expected to have the most minor variability.

Trends 195