article thumbnail

Albertsons Reports 225 Pct Digital Sales Growth

PYMNTS

The firm operates stores throughout 34 states and the District of Columbia under brands such as Shaw's, Jewel-Osco, Vons, Safeway and Albertsons, among others. Additionally, interest expense was $115.9 million in Q3 fiscal 2020 in contrast to $154.8 million in Q3 fiscal 2019. billion in sales and other revenue for the quarter.

article thumbnail

The Pandemic And The Side-Hustle Renaissance

PYMNTS

Other “pandemic-preneurs” like Chris Meechukant have had to pivot because they operated businesses that couldn’t stay open. area attorney with the District of Columbia attorney general’s office, to work from home, she launched CheezMD as a side hustle. Durian-Fruit Deliverers . The eatery first pivoted to takeout.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Operational Risk: Lastly, the OCC mentioned an increase in operational risk, and its intent to focus on: • Significant growth areas, new products, new or expanded services and changes in strategic direction. The OCC on Oct. The OCC plans to implement the following: • Risk management for new and high growth loan products.

article thumbnail

It’s Not Easy Being Green: Cannabis Payments

PYMNTS

Seven other states have followed suit within the last five years, including the District of Columbia. All panel members agreed that forcing a multi-billion-dollar-a-year vertical to operate in a cash-dominated, semi-black market when it comes to financial services is not sustainable — or smart. Higher Risk Than Necessary.

Payments 123
article thumbnail

Super Bowl Countdown Brings New Online Gambling Action From Barstool

PYMNTS

Even so, one of the main ideas behind the new deal is to use the Barstool brand to further Penn National’s expansion into legal, online and mobile sport wagering, the doors for which were opened by a U.S. Six more states plus the District of Columbia are expected to join that wave later this year. In total, some 26 million U.S.

Online 131
article thumbnail

The CFPB Found Unconstitutional…But …

PYMNTS

Court of Appeals for the District of Columbia who yesterday found that Director Cordray and the agency made “considerable legal errors in its enforcement action against mortgage lender PHH Corp.” may have many virtues and do important work, they have not, in the main, had a strong consumer focus.

article thumbnail

242 Startup Failure Post-Mortems

CB Insights

After Amazon announced in March that it was planning to shut down Diapers.com and all the other eCommerce sites operated by Quidsi, the company it acquired in 2010 — the online retailer has pulled all of the Quidsi apps from its app store. Title: ChaCha, unable to find financial answers, shuts down operations. Product: Quidsi.

Company 78