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Today In Retail: FedEx Concludes ShopRunner Acquisition; Save A Lot Sells 51 Stores To Fresh Encounter

PYMNTS

concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. Plus, PYMNTS looks back on direct-to-consumer (D2C) brands, which came in two flavors in 2020. Retail 2020: Looking Back On D2C Brands.

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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

There are many, many retailers and brands trying to outfit the world, and standing out in the crowd is difficult. The brand became the first to launch a website for U.S. And so, Clandestina exports its ideas — T-shirt designs — to a contract T-shirt printing operation in South Carolina called Frenzy. We’re super-happy.

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Supermarkets Hoard Staples For Holidays, COVID Resurgence

PYMNTS

Anthony Hucker, CEO of Southeastern Grocers , a Jacksonville, Florida-based supermarket chain, told WSJ he placed orders for holiday hams and turkeys in June, July and August long before he typically does. We will never again operate our business as unprepared for something like this,” he said.

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This Tiger Global-Backed Company Raised $50M To Help Real Estate Agents Build Their Own Brands

CB Insights

California-based Side is a a real estate technology firm that helps agents, teams, and independent brokerages build their own brands. Side’s operating markets include California, Texas, and Florida. How’s the company performing? Want the full post? Become a CB Insights customer.

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Hertz Could File For Bankruptcy By This Weekend

PYMNTS

could file for bankruptcy this weekend after the Florida-based car rental company failed to reach an agreement with top lenders, The Wall Street Journal reported. Hertz, which also operates the Dollar and Thrifty car rental brands, had been holding talks with creditors after skipping major car-lease payments due in April.

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Synovus Buys FCB Financial In All-Stock Deal Valued At $2.9B

PYMNTS

Synovus Financial announced on Tuesday (July 24) that it is acquiring FCB Financial Holdings, owner of Florida Community Bank (FCB), Florida’s largest community bank, in a deal valued at $2.9 Following the closing, FCB will merge with Synovus Bank and operate under the Synovus brands. per FCB share, or $2.9 billion.

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Sainsbury’s Introduces New C-Store Format; SHOWFIELDS To Open In Miami

PYMNTS

Top-performing premium and specialist brands from the company’s supermarkets like Leon Grocery and Tony’s Chocolonely, along with fresh food and floral products, have been brought to the store’s shelves. We’re confident this format will further strengthen our market-leading position in convenience.”. billion by 2024 from £18.5

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