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Walmart Plans $200M Investment In Florida

PYMNTS

To drive new-store construction and innovations, Walmart is planning on investing an estimated $200 million in its Florida business. The funds will support store openings and renovations as well as retail innovations, the company said in an announcement. million square feet — equivalent to about 20 football fields.

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Today In Retail: FedEx Concludes ShopRunner Acquisition; Save A Lot Sells 51 Stores To Fresh Encounter

PYMNTS

In today’s top retail news, FedEx Corp. concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. The service connects more than 100 brands and retailers to shoppers. Retail 2020: Looking Back On D2C Brands.

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How Retailers Drive Innovation With Subscriptions (And Payments)

PYMNTS

Brick-and-mortar retailers, as well as online merchants, are offering consumers all sorts of products and services through the subscription business model, from movies to tea. Some entertainment innovators are also rolling out new subscription services. And retailers are offering innovative subscriptions for all sorts of products.

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Verizon, UPS Team Up On Drone Delivery For Retail

PYMNTS

Verizon , Verizon’s Skyward unit and UPS Flight Forward are teaming up to provide drone delivery for retail products using Verizon’s 4G LTE and 5G networks. The companies began testing the drones last year in Florida using Verizon’s 4G network and now plan to test them on Verizon’s new 5G Ultra Wideband network. “We

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Retail Pulse: Luxury Brands Eye Airport Retail; Panera Bread Tests Dinner Menu

PYMNTS

These hubs for travel retail, which are providing an audience of on-the-go travelers as U.S. shopping malls are on the decline, are also becoming locations where brands are innovating with products. However, the company’s luxury unit is continually on the uptick — and travel retail is said to be partly responsible.

Retail 101
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Kroger Aims To Drive Innovation With Grocery Experience, Partnerships

PYMNTS

Kroger ’s retail transformation was front and center at its analyst day, as the firm aims to remake its business with its Restock Kroger framework. The grocer is working with icons like Walgreens and Microsoft as well as innovators such as Ocado and Nuro to enhance the customer experience and accomplish tasks that it cannot do alone.

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Tapping Into The Digital Economy With Restaurant Innovations

PYMNTS

In a bid to serve customers through digital channels, quick-service restaurants (QSRs) are rolling out new innovations. Such offerings can help QSRs bring in customers: According to the PYMNTS Restaurant Readiness Index , 62 percent of consumers said the availability of digital innovations would make them more likely to visit in the future.