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JD Sports Purchases California-Based Shoe Palace

PYMNTS

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

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Gatik Partners With Walmart For Autonomous Vehicle Deliveries

PYMNTS

People in Arkansas can now get groceries delivered via a new Walmart pilot with Gatik using self-driving cars that include a human safety driver behind the wheel. million in seed funding in June led by Innovation Endeavors, with Dynamo Venture Capital, AngelPad, Fontinalis Partners and Trucks Venture Capital also participating.

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Walmart Partners With Gatim To Deliver Orders With Self-driving Cars

PYMNTS

People in Arkansas can now get groceries delivered with a new Walmart pilot with Gatik using self-driving cars that include a human safety driver behind the wheel. million in seed funding in June led by Innovation Endeavors, with Dynamo Venture Capital, AngelPad, Fontinalis Partners and Trucks Venture Capital also participating.

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Walmart Eyes Robo-Vans For Warehouses

PYMNTS

Walmart spokeswoman Molly Blakeman told CNBC the retailer is working with partner Gatik , a self-driving vehicle startup, to test out a self-driving vehicle that will travel the two-mile route in Bentonville, Arkansas between two stores. “We Earlier this month, Walmart’s U.S.

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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

PYMNTS

27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. operation in Culver City, California. “We Walmart is selling two of its online brands in a continuing goal to concentrate on its website. Bloomberg reported Thursday (Aug.

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Whole Paycheck Tracker: Amazon Goes Off The Charts; Walmart Announces Layoffs

PYMNTS

The company almost doubled its revenue and profit numbers while spending more than $9 billion on capital improvement projects. Among those numbers: Operating cash flow increased 42 percent to $51.2 Operating income increased to $5.8 billion compared with $36 billion for Q2 2019. Net sales increased 40 percent to $88.9

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Southern Bancorp is building wealth for everyone

Independent Banker

Darrin Williams, an attorney and former Arkansas state representative, wasn’t interested when Southern Bancorp, Inc. Traditionally, community banks have supported CDFIs through making charitable contributions, providing loan capital to CDFI loan funds or, at the highest range, making an equity investment in a CDFI. By Judith Sears.