article thumbnail

Facing Shrinking Market Share, Arizona Iced Tea Co To Sell Marijuana Products

PYMNTS

The company that makes Arizona Iced Tea is getting into the marijuana business, according to a report by The Wall Street Journal. Arizona Beverage Company has made a deal with Dixie Brands Inc., The deal will also give Arizona the right to purchase up to $10 million in stake in Dixie Brands. percent in 2013 to 16.2

Arizona 109
article thumbnail

COVID-19 Spikes Hinder Retail Recovery

PYMNTS

Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects. Again, that scenario is playing out this week. percent increase.

Retail 150
Insiders

Sign Up for our Newsletter

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

article thumbnail

Back-to-School Retail Meets Digital 3.0 FIT Framework

PYMNTS

The retail industry is facing its first sales event of the pandemic with the coming of back-to-school sales. The projections were led by the National Retail Federation (NRF) this week, as it foresees record sales for back to school. At the very least, retailers need to depend on eCommerce sales in the states where the virus is raging.

Retail 186
article thumbnail

Tesla To Grow Retail Presence In US, Abroad 

PYMNTS

CEO Elon Musk raised the possibility of shuttering its stores and selling only online , the California electric vehicle and clean energy company is planning to expand its retail presence. Europe has been a tough market to break into given that electric vehicle sales are dominated by Renault and Peugeot, domestic automakers.

El Paso 109
article thumbnail

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.

article thumbnail

Retail Pulse: IKEA To Open ‘Planning Studio’ In NYC; Pizza Hut Will Acquire QuikOrder

PYMNTS

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. In other news, two Safeway stores in Arizona now have artificial intelligence-powered medical clinics via an Akos Med Clinic partnership.

Retail 122
article thumbnail

Retail Pulse: Stop & Shop To Deploy Autonomous Vehicles; Chico’s FAS Plans To Close 250 Stores

PYMNTS

Grocers are using autonomous vehicles to help bring fresh food to the doorsteps of consumers, and news came this week that another retailer plans to use the technology: Approximately one month after Kroger announced that it had started to use autonomous vehicles in Arizona, Stop & Shop is intending to use them in the Bay State.

Retail 129