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Justice Department, SEC Investigating Under Armour

PYMNTS

The company’s 1996 founder Kevin Plank is stepping down in January as chief executive officer (CEO) and will serve as executive chairman and brand chief. Plank was a University of Maryland football player when he founded Under Armour in his grandmother’s basement. for many years. for many years.

Baltimore 104
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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

There is also the surprising reality that goods that less affluent consumers favor also tend to stay in the market longer with fewer changes over time, meaning their prices more or less trend up with inflation. This actually leads to wider discounting, as brands are trying to shed the old version and entice shoppers to the new one.

Online 100
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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

Online brands are stepping into the world of brick-and-mortar, opening their own physical locations to help consumers experience their concepts in real life with the help of digital technology. and Bethesda, Maryland, that will work to mirror the company’s online experience. The 20 largest brands notched a 1.2

DC 109
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The Whole Paycheck Tracker: Bringing SNAP Recipients Into The Digital Fold

PYMNTS

In early 2017 the USDA pushed out a pilot program that allowed SNAP enrollees to buy groceries online with their card in seven states and with seven grocery partners: Amazon, FreshDirect, Safeway, Dash’s Market, Hy-Vee, ShopRite and Hart’s Local Grocers. This last round of piloting is set to take another two years.

New York 117
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Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle

PYMNTS

Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. You’ve got rising market power,” said Marshall Steinbaum, an economist at the Roosevelt Institute, a liberal think tank. “In Fizzle Of The Week: Startups.

US 108
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Hit The Ground Running: 15 Early-Stage Fitness Tech Startups To Watch

CB Insights

IncludeFitness has worked with demographics such as physical therapy, rehabilitation, and nursing homes, though they also target the broader fitness market. Within the past month, the company has expanded its territories and announced plans for additional expansion plans into new markets. Headquarters: Baltimore, Maryland.

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Instacart To Offer Same-Day Delivery Of Sephora Products

PYMNTS

The Paris-headquartered retail chain of personal care and beauty stores has more than 400 shops across North America that feature nearly 3,000 brands, along with its own private label. to offer same-day deliveries across a few select markets in the U.S., Florida and Texas. In August, Instacart signed a deal with Walmart Inc.