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Are Online Merchants The Mall’s Unlikely Salvation?

PYMNTS

One might imagine that mall operators nationwide take a rather jaundiced view of the internet, since online shopping has more or less killed the mall. But perhaps that is the old conventional wisdom — the emerging idea is that online retailers are giving back some of what they’ve taken away these days. “We

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Vacancy Rate At Shopping Centers Hit 10.2 Percent In First Quarter

PYMNTS

Reuters , citing Reis, the real estate research firm, reported the vacancy rate in 28 of the 77 metro areas increased during the first three months of 2019. As the retail sector continues to undergo restructuring, a number of retail real estate markets face more vacancies and falling rents. percent to 9.3

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Waymo Connects Riders To Phoenix Transit Systems

PYMNTS

Waymo announced it is partnering with Valley Metro, the Phoenix, Arizona area’s regional public transportation authority, to explore mobility solutions using self-driving technology. The end goal is to open this service to the public, to transport more people to Valley Metro transportation hubs in the Phoenix area in the future.

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Amazon Advances Grocery Store Plans

PYMNTS

The eCommerce retailer is also reportedly eyeing grocery spaces in New Jersey, Connecticut and the New York metro region. That was compared to 16 percent growth notched in its online stores per Amazon’s earnings statement, as cited by the report. Those locations could open as soon as the end of 2019. .

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Walmart Teams With Ford, Postmates For Delivery Program

PYMNTS

According to the blog post, the retailer currently has grocery delivery available in almost 100 metro regions and “is continuing to innovate to find new ways to serve customers – better, faster and easier.”. households. households. Walmart U.S.

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Target Expands Same-Day Shipping In NYC

PYMNTS

Target has announced it is expanding its same-day shipping service through Shipt across stores in 10 regions within the greater New York City metro area. Earlier this month, the retailer announced it has expanded its Drive Up service to 200 additional stores in the Midwest and select states with its latest expansion of the service.

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Kroger Risks Losing The Digital Grocery Race

PYMNTS

While players both big and small were making digital investments like online ordering and delivery services, the report notes, Kroger lagged behind and stayed focused on its stores. Online purchases account for just 5 percent of the roughly $1 trillion U.S. In its home Cincinnati region, sales were up increased 4.9

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