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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. According to Carvana Chief Brand Officer Ryan Keeton, opening new markets brings an uptick in overall business. “We Oklahoma City, and Memphis. In 2019, we increased GPU by $750. New Markets.

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. Same-store sales, one of the favored metrics for judging retail, excluding fuel, increased 1.6

Metro 122
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Why Nordstrom Brought Pop-Ups To SXSW

PYMNTS

Luxury Daily reports that the high-end retailer debuted its millennial-targeting pop-up — or Pod — at South by Southwest (SXSW) in Austin, Texas, from March 17–19, and plans to continue featuring it at similar events. Nordstrom is popping up at music festivals, in the form of a pod.

Memphis 100
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Our Meatless Future: How The $90B Global Meat Market Gets Disrupted

CB Insights

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. Another prominent deal was the 2013 acquisition of US-based Smithfield Foods, which owns brands such as Armour and Farmland. Investors back lab-grown meat.

Memphis 78