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Local Governments Move In On Retail Vacancies

PYMNTS

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve. Backers of the tax position it as a solution to the increasing amount of empty retail space in the city.

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Amazon HQ2 Secures $51M Funding Vote In VA

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Amazon.com’s plans to open its HQ2 in Virginia got the support of local officials who approved a financial package valued at $51 million over the weekend. According to NBC News , the five-member Arlington County Board voted unanimously to approve the financial incentives despite some opposition to the package.

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Walmart To Beef Up Its IT Staff By 2,000

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Walmart , the world’s biggest retailer, is gearing up to bring on 2,000 technology professionals during 2019 to support its operations in stores and online. Bloomberg , citing comments Walmart CTO Jeremy King made in a Bloomberg TV interview, said the hiring would increase the retailer’s IT staff by more than one fourth.

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Amazon’s Biggest Campus In The World Opens In India

PYMNTS

The company’s next headquarters is being built in Arlington, Virginia. Amazon, for its part, started working in India in 2004, but retail endeavors began in earnest in 2013. Amazon was going to build a huge new headquarters in New York, but eventually decided against it, due to local opposition and despite tax breaks.

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Amazon Gains Juicy Incentives With New Headquarters Locations

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Amazon has selected New York City and Northern Virginia as the homes for its second and third headquarters. Virginia has also pledged $195 million in infrastructure improvements, work that involves subway stations and a pedestrian bridge for people headed to Reagan National Airport.

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Mall Chain Owner Considering Selling Off Its Malls

PYMNTS

The Cleveland-based firm says that it is “reviewing strategic alternatives for its retail portfolio.” According to Chain Store Age , this could mean shifting or significantly reducing its investment in the mall and retail center industry to instead focus on apartments and office buildings.

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Grocery Tracker: Discount Games

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Over a year of research, development and beta testing, Shopkick Grocery was found to increase consumer basket sizes to $59 in grocery, drugstore and retail spend per trip versus the $32 national average. Retail brands and partners for Shopkick include Best Buy, Clorox, Nestle and Starbucks, among others.