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Retailers Look To Digital Technologies After Beating The Street

PYMNTS

Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. billion, according to news from Retail Dive. In some cases, the retailer is demolishing existing stores to create new uses of the land. That top-line figure beat the consensus estimate of $1.38

Retail 101
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. This year we expect another year of market-leading growth. Our cohort growth was broad based with many markets crossing key milestones.”. New Markets. Oklahoma City, and Memphis.

Company 130
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The Great Grocery Race Shifts Into High Gear

PYMNTS

For food, they want to see the brands and the products and confirm they will be fresh and quality. The world’s largest retailer announced it has acquired the crowdsourced, on-demand delivery marketplace Cornershop for $225 million. Kroger released its Q2 earnings this week, and the market did not love what it saw.

Metro 122
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Our Meatless Future: How The $90B Global Meat Market Gets Disrupted

CB Insights

Together, the 7 largest meat companies combine for over $71B in market capitalization, with the largest, Tyson, boasting a $26B valuation. The industry has seen massive consolidation, as companies like Hormel and Brazil-based JBS have grown bigger and bigger through the acquisition of new meat brands and products.

Memphis 78