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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

The news comes as the first Amazon Fresh opened , with the eCommerce retailer providing access to the general public to the Los Angeles store in September. Giant Eagle , the Pennsylvania-based supermarket chain, has debuted its myPerks multi-tiered loyalty program in a community in Ohio. Giant Eagle Unveils Multi-Tier Rewards Program.

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Crypto Fails To Impress For Corporate Tax Payments

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When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. “We really want to roll out the red carpet, and welcome all sorts of blockchain companies to Ohio — not just in the cryptocurrency space, but in a variety of different use cases,” he said.

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Big Lots Q3 Earnings Break Records, Blow Past Forecasts

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Discount retailer Big Lots reported a third-quarter profit of $29.9 The Columbus, Ohio-based chain has beat revenue forecasts three times over the last four quarters. million on $1.38 billion in revenue, surpassing Wall Street’s forecasts. The average revenue estimate of six analysts surveyed by Zacks Investment Research was $1.38

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SAFE Banking Act returns to Congress: Is safe harbor for cannabis banking on the horizon?

Abrigo

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. Sherrod Brown, D-Ohio, in the same hearing. As such, companies are forced to operate in a cash-only model, which can result in robbery, money laundering, and organized crime.

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The Limited Brand’s Days Could Be Limited

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After disappointing third quarter financial numbers, clothing retailer The Limited may be be going in another direction. According to Bloomberg , the brand pulled in Kirkland & Ellis to be its legal adviser and Guggenheim Securities and RAS Management Advisors for help with a debt restructuring and any asset sale.

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Unattended Retail Can Boost Visits To Stores

PYMNTS

Wendy’s , for example, planned to roll out self-ordering kiosks at about 1,000 of its retail locations by the end of 2017 in an attempt to both lure younger customers and to battle long lines at peak dining hours. 25 percent is the projected percentage of customer service operations that will use chatbots by 2020.

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The Limited: Out With Stores, In With eCommerce

PYMNTS

The private equity owner of the Limited almost doubled its investment in the retailer, despite the fact that nearly all of the chain’s 250 stores are expected to be shut down after disappointing third quarter financial numbers last month. However, it’s not clear how long the retailer will continue to sell items online.

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