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Retail Labor Shortage Concerns Deepening

PYMNTS

A good economy is good news for retailers in a variety of regards. But for retailers going into the holiday season 2016, a good economy is creating yet another headwind for physical retailers who’ve spent much of the year being buffeted constantly by market pressures. Employment, according to the latest figures, hit 4.9

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TD Bank plans to hire 2K tech workers for automation, AI

BankInovation

with its acquisition of Memphis, Tenn.-based TD Bank is looking to build out its automation expertise as part of a push to hire 2,000 new technology workers. The bank, a subsidiary of $1.73 trillion TD Group, is expanding in the U.S. based First Horizon Corp. billion, according to a recent Bloomberg Mercury report. TD […].

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FedEx Eyes Stake In Germany’s Hermes Delivery Service

PYMNTS

The Memphis-based delivery company has instead seen a massive upswing in low-margin personal home deliveries as people start to shift to eCommerce during the pandemic. FedEx has been seeing an upheaval of its business and may have to tap into debt to make up for the dearth of the usual high-profit business shipments.

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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. billion on Friday (April 27).

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Mall Vacancies At Highest Level In Eight Years

PYMNTS

Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. However, the retail vacancy rate was under 7 percent in 17 cities, with San Francisco taking the lead at 4.1 But 24 cities experienced vacancy rates that exceeded 12 percent, with the inclusion of Buffalo, Memphis and Albuquerque.

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FedEx Offers $40K-$110K Bonuses To Keep Pilots Flying

PYMNTS

Earlier this week, the National Retail Federation (NRF) reported that holiday sales for U.S. retailers are expected to increase 4.8 In fact, Trip Miller, managing partner at Memphis-based Gullane Capital Partners and a longtime FedEx shareholder, said the pilot shortage will hit FedEx hardest in about three to five years. “We

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Are Robots Last-Mile Delivery’s Future?

PYMNTS

To provide retailers with an automated option for last-mile deliveries, shipping carriers are entering the world of robotics technology. According to the announcement, the company plans to experiment with the bot in markets such as Memphis, Tenn. — “pending final city approvals.”. along with DEKA Founder Dean Kamen (of Segway fame).

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