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Discount Retailers Move Away From eCommerce

PYMNTS

If it weren’t for a certain pandemic that is dominating most news, the two biggest stories in retail over the past week would have been stunning at any other time. Burlington has also been rewarded by Wall Street, with its stock nearly doubling over the past year before the recent massive sell-off in the market driven by coronavirus fears.

Retail 131
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Albertsons Reports 225 Pct Digital Sales Growth

PYMNTS

Our constant focus on our customers continued to drive strong growth and market share gains in the third quarter,” President and CEO Vivek Sankaran said in the announcement. “It 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.

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How Cannabidiol Products Are Infusing Luxury Retail

PYMNTS

Worldwide legal cannabis products represented a $55 billion market in 2018, and most analysts estimate that it will have nearly tripled to reach $147 billion by 2025. the domestic market for legal cannabis in 2018 was $9.1 Here in the U.S., By 2025, estimates put it in the $15 billion range.

Retail 136
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Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News

PYMNTS

Review our coverage, including stories about Stripe’s chargeback protection plan, the latest on open banking progress, a big investigation into crypto and the latest on the emerging ecosystem of predictive retail. Why Search and Logistics Will Shape the Future of Retail Payments. Attorney’s Office for the District of Columbia.

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Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion

PYMNTS

We are strong believers that the future of grocery retail involves getting customers the best quality food, exactly when they want it, with the best customer service. Under the terms of the deal, FreshDirect will keep its brand name, be supervised by a seven-member board and continue its independent operations in New York City.

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Big Fraud, Big FinTech and Big Uber Top Week’s News

PYMNTS

Coverage this week includes a new Amex financial service, deep looks at real-time payments and the woes at WeWork, advances in voice retail and payments, a potential new opportunity for financial institutions, and original PYMNTS research into use case for artificial intelligence. That’s where the PYMNTS Weekender comes in.

Fraud 116
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Why Just Checking The Verification Box Doesn’t Cut It In The Digital Commerce Age

PYMNTS

There are eCigarette products, not to mention the states (and the District of Columbia) that have legalized cannabis for recreational or medical use, and spawned an active delivery market. Alcohol is the use case everyone is used to, Fields said, but, in 2019, it is far from the only one.