Walmart promotes cash as AT&T continues Nashville repairs
Payments Source
DECEMBER 28, 2020
Tennessee retailers turned to cash acceptance as they continued to recover Monday from the Christmas Day explosion in downtown Nashville.
LemonadeLXP wins inaugural Demo Challenge
BankInovation
MARCH 20, 2024
NASHVILLE, Tenn. Digital banking service provider LemonadeLXP won the inaugural Demo Challenge at Bank Automation Summit U.S. Nine financial services technology startups showcased their latest innovations with technology leaders and executives at the March 19 event.
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Trending Sources
High Rent Costs Hurting Retailers
PYMNTS
JULY 22, 2019
Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost.
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Retail Pulse: Madewell Teams With thredUP; Walmart Rolls Out InHome Delivery
PYMNTS
OCTOBER 18, 2019
Brick-and-mortar retailers are joining forces with online reCommerce companies to bring pre-owned merchandise into their stores, adding to their sustainability efforts. They were to be available in some Chicago, Nashville, Austin and New York stores beginning on Oct. Beyond Madewell, other retailers have collaborated with thredUP.
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Retail Pulse: Brookstone Files For Bankruptcy; Kroger Launches New Delivery Service
PYMNTS
AUGUST 3, 2018
Brookstone , a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. malls, Brookstone is now the latest major brick-and-mortar retailer to announce that it has filed for bankruptcy protection. Both have operations online under new owners, reported The Wall Street Journal.
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Lowe’s To Open Four Online Shopping Fulfillment Hubs
PYMNTS
AUGUST 13, 2020
The home improvement retailer said it would open the West Coast online shopping fulfillment center this October in Mira Loma, California. Mira Loma is the company’s second direct fulfillment center, with the first having arrived in Nashville, Tennessee in 2018. The retailer unveiled an investment of $1.7
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Uber Connect Expands For Holiday Package Delivery
PYMNTS
DECEMBER 9, 2020
Paul, Nashville, New Jersey, the New York City suburbs, Raleigh-Durham, Richmond, Portland, Salt Lake City, Seattle, St. To help keep up, UPS started imposing shipping restrictions on some large retailers. Louis, Tucson and Upstate New York. Rides declined 73 percent during the second quarter, while delivery surged 113 percent.
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Nordstrom Pilots reCommerce With ‘See You Tomorrow’ Concept
PYMNTS
JANUARY 29, 2020
The “See You Tomorrow” shop merchandise will come from the returned and damaged product inventory of the retailer. Kim said, according to the report, “So many Americans are already engaged with recommerce, whether it’s rental or retail.”. It works on resale for Eileen Fisher, Patagonia and other brands.
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Nordstrom Pilots Upscale Resale With ‘See You Tomorrow’ Concept
PYMNTS
JANUARY 29, 2020
The “See You Tomorrow” shop merchandise will come from the returned and damaged product inventory of the retailer. Kim said, according to the report, “So many Americans are already engaged with recommerce, whether it’s rental or retail.”. It works on resale for Eileen Fisher, Patagonia and other brands.
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Amazon Rethinks New York City HQ2 Campus
PYMNTS
FEBRUARY 8, 2019
The eCommerce retailer, which had intended to bring 25,000 jobs to the city, hasn’t acquired office space for the effort as of now, The Washington Post reported. million for improvements in conjunction with Amazon’s plan to come to Nashville with 5,000 positions. But officials in Tennessee have given the go-ahead for $15.2
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Adding New Layers To The Retail Experience
PYMNTS
MAY 25, 2018
Nashville will reportedly open up for visitors within the next few weeks. Though the brand maintains that its stores are profitable, the move into hospitality is yet another sign that the winners in the digital age of retail will be those who think most often, and most creatively, outside the box.
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10 Lessons From The Small Business Banking Conference
South State Correspondent
DECEMBER 8, 2023
Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Many banks expressed frustration over keeping small business banking housed within the retail bank channel. However, this was the most common structure.
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Sears Looks To Shoes And Precious Metals To Jump-Start eCommerce
PYMNTS
AUGUST 7, 2018
This week the retailer has announced it is leveling-up its online marketplace with the addition of a new run of third-party sellers, which will bolster its offerings for consumers. APMEX, one of the world’s largest online retailers of precious metals, will be bringing the metals to Sears’ market.
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Dollar General Introduces 'popshelf' Store Concept
PYMNTS
OCTOBER 9, 2020
As an extension of its non-consumables strategic plan, Dollar General has unveiled its new popshelf retail store concept. The Clarksville and Hendersonville communities, which are near Nashville, Tennessee, are the anticipated homes of the first two popshelf locations.
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Instacart Raises $271M On $7.8B Valuation
PYMNTS
NOVEMBER 14, 2018
Just last week, the company announced the national expansion of Instacart Pickup, a new grocery click-and-collect service that provides customers with broadened delivery and/or pickup options, enabling them to order via Instacart and pick up the groceries at retailers.
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Kroger Expands Home Chef Meal Kit Offerings To New Stores
PYMNTS
FEBRUARY 7, 2019
“Last October, Kroger introduced Home Chef retail meal kits, and we’re now expanding to add the easy-to-prepare recipes to hundreds of new locations, providing convenient access to the meal solution at more than 700 stores. .”
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The Unattended Path To Car Buying
PYMNTS
JUNE 21, 2016
Consumer desire for convenience has brought upon changes across a wide range of retail environments. A company called Carvana is looking to bring convenience to car-buying with their new branded coin-operated car vending machine, recently opened in Nashville, Tennessee. About the Tracker.
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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints
PYMNTS
SEPTEMBER 22, 2020
The company has opened a minimum of 13 “solutions centers” in places such as Nashville, Tennessee and Dallas that provide an alternative to the usual bank office. Approximately 160 offices will close by the conclusion of 2020 and a further 120 are scheduled to shutter in 2021. Securities and Exchange Commission (SEC) filing per the outlet.
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Best practices for stress testing the commercial real estate portfolio
Abrigo
MAY 11, 2017
Without going into every possible stress testing scenario, here is a stress test example for a construction and retail portfolio. Retail Retail is typically one of the larger segments within the commercial real estate portfolio for the average community bank.
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Instacart, Walmart Canada Work On Grocery Delivery Pilot
PYMNTS
SEPTEMBER 14, 2018
According to a report in USA Today in August, the service was available in Atlanta and Augusta, Georgia; Knoxville, Memphis, and Nashville, Tennessee; Little Rock, Arkansas, as well as other cities and regions. The offering was said to debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati.
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109 Walmart Expands Test Of Scan & Go To Ten More Locations
PYMNTS
AUGUST 10, 2017
Retailing giant Walmart is expanding the use of its Scan & Go mobile app, which is already being tested in around 12 stores in Arkansas, Florida, Texas and Georgia, to include ten more brick-and-mortar locations. Walmart will use internal metrics and customer feedback to gauge how the tech resonates with retail shoppers, noted the report.
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Instacart Rolls Out Grocery Pickup Nationwide
PYMNTS
NOVEMBER 7, 2018
In a press release , the company said Instacart Pickup provides customers with expanded delivery and/or pickup options, enabling them to order via Instacart and pick up the groceries at retailers. “We want to make grocery shopping effortless by helping our customers get the groceries they need from the retailers they love.
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Kroger Rolls Out New Grocery Delivery Offering
PYMNTS
AUGUST 2, 2018
The offering will debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati, Chain Store Age reported. With the service, consumers can buy 4,500 private-label products from the retailer, which are not otherwise available online, along with 50,000 different grocery items and household products.
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Walmart’s Allswell Launches Tiny Home Concept
PYMNTS
FEBRUARY 7, 2019
Walmart ‘s online home brand Allswell has announced the launch of its Tiny Home retail concept. Atlanta, Georgia, Nashville, Tennessee, Austin, Texas, Dallas, Texas, Los Angeles, California, San Francisco, California, and Portland, Oregon. Allswell is affiliated only with Walmart and not with its online counterpart Jet.
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118 Dollar General Moves Toward Convenience
PYMNTS
NOVEMBER 10, 2016
But this time, the low-cost retailer’s big plans are to go a bit smaller. In early 2017 , Dollar General plans to open a smaller-concept convenience store in downtown Nashville, Tenn. Dollar General has also experimented with more upscale retail offerings, called DG Markets. Dollar General has more big plans. percent.
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Powering Smartphones With Rented Chargers
PYMNTS
JANUARY 20, 2020
Both don’t give you access to your phone,” said Nathan Ruff, CEO of Rabbit, a company building a network of small power brick rental kiosks in cities such as Nashville, Tennessee. Rabbit is hardly alone in its use of automated retail technology. Those technologies come with a disadvantage.
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Mercedes-Benz Upgrades Subscription Service To Include AMG Models
PYMNTS
FEBRUARY 27, 2020
Currently, the service is only available in Nashville and Atlanta. The subscription service was started in Atlanta about two years ago with the goal of attracting customers who wanted to be able to drive fleet of upscale cars without owning them. The cars are equipped with the company’s 4.0-liter liter twin-turbo V8 engines.
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KFC To Offer Meatless Fried Chicken At Select Locations
PYMNTS
JANUARY 30, 2020
The meat will be tested for a few months in stores throughout Nashville, Tennessee and Charlotte, North Carolina. Beyond Meat Chief Executive Ethan Brown said it’s important to have a texture that feels and looks like real chicken, because that’s what people expect. KFC has more than 23,000 stores in over 140 countries.
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How Cars, Streaming And Sign-Ups Make For Better Subscription Commerce
PYMNTS
JANUARY 9, 2020
For one change, that form of retail is expanding to include new and fresh areas, which includes cars and trucks. Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, has reportedly bought Jualo, an online marketplace for used goods from some 300 product categories.
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130 Senior Citizens Sue Wyndham For Fraudulent Actions
PYMNTS
JUNE 2, 2017
The suits filed with a Nashville law office state that Wyndham’s sales teams specifically targeted its older customers by intentionally misrepresenting the details in timeshares. Wyndham Vacation Ownership, Inc.
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110 BarkPark And A Lifestyle Gone To The Dogs
PYMNTS
AUGUST 20, 2018
Nashville will host the first BarkPark — opening September 8 — which will be open daily for 12 hours between 7 a.m. The BarkPark is only an experimental concept right now, but if the pop-up proves popular enough with its Nashville test drive, BARK will open BarkParks nationwide. through November.
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101 And Then There Were 20 — The Amazon HQ2 Finalists
PYMNTS
JANUARY 18, 2018
Nashville, Tennessee. Higher paying technology-focused employment positions mean higher demand for higher-priced homes and retail, too — and also potential changes in the political standings of whomever green lights an Amazon deal. Boston, Massachusetts. Chicago, Illinois. Columbus, Ohio. Dallas, Texas. Denver, Colorado.
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Walmart Amazon Whole Paycheck Tracker: Physical Footprints, Grocery Gains
PYMNTS
AUGUST 16, 2019
s two resident retail superpowers’ race for the consumer’s whole paycheck this week. The world’s largest physical retailer, Walmart, spent much of its earnings call with analysts discussing its digital commerce victories and expansion. economics, told CNBC that she expects retail sales — excluding autos — to have risen by 0.6
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Tide Launches Omnichannel, On-Demand Laundry Service
PYMNTS
FEBRUARY 20, 2019
There are currently boxes in Dallas, Boston, Cincinnati, Nashville, Denver, Washington D.C. To use Tide Cleaners, customers simply download the app and then give the company cleaning instructions and a box number. The app will notify customers when the laundry is ready. and Chicago, and around 350 new boxes are installed monthly.
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145 goPuff: Making Convenience More Convenient With Delivery
PYMNTS
MARCH 1, 2019
Our idea is to really create a totally new kind of retail space – one that is really convenient.”. Since the start of 2019, goPuff has opened for business in Nashville, Tennessee; Hartford, Connecticut; Kansas City, Missouri and Baltimore, Maryland, bringing its total number of served cities above 60 in the U.S.
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AT&T Jumps On The 5G Bandwagon
PYMNTS
DECEMBER 5, 2018
There are plans to expand service in the first half of 2019 to parts of 7 additional cities, including Las Vegas, Los Angeles, Nashville, Orlando, San Diego, San Francisco, and San Jose, Calif. The cities that will have the 5G technology available this year include Atlanta, Charlotte, N.C., Dallas, Houston, Indianapolis, Jacksonville, Fla.,
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128 Mercedes-Benz Expands Luxury Vehicle Subscription Service
PYMNTS
JUNE 4, 2019
In addition, Mercedes-Benz Collection is expanding its Nashville, Tennessee offering to include the Premier tier. Mercedes-Benz has announced it is celebrating the one-year anniversary of its luxury vehicle subscription service by expanding the program to Atlanta, Georgia.
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Kroger Same-Store Sales Miss Views As It Overhauls Stores
PYMNTS
SEPTEMBER 13, 2018
In August, the company rolled out a delivery service called Kroger Ship that uses third-party carriers, which will debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati, Chain Store Age reported at the time. The choices were informed by data from Kroger’s 84.51° customer insights division.
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100 Porsche Brings Subscription Service To Four More Cities
PYMNTS
AUGUST 29, 2019
Mercedes-Benz Collection was also expanding its Nashville, Tennessee offering to include the Premier tier. In separate news, Mercedes-Benz announced in June that it was celebrating the one-year anniversary of its luxury vehicle subscription service by expanding the program to Atlanta.
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What’s The Reward For Early 5G Deployment? Asia Will Soon Find Out
PYMNTS
JANUARY 9, 2019
It’s difficult to say what retail and payments use cases will emerge from these early 5G deployments in South Korea – but they are coming, and not just from that country. A big part of the 5G pitch involves its retail capabilities. The work toward 5G services that could directly impact payments and commerce has started. “The
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161 The Great Grocery Race Shifts Into High Gear
PYMNTS
SEPTEMBER 14, 2018
The world’s largest retailer announced it has acquired the crowdsourced, on-demand delivery marketplace Cornershop for $225 million. The business currently offers on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, which will continue following the deal’s close, Walmart says.
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Chapter 11 Watch: Takata, A Hanjin Update And Are Chico’s, Lands’ End Next Up?
PYMNTS
OCTOBER 14, 2016
When Logan’s Roadhouse, the Nashville, Tennessee-based steakhouse chain, filed for bankruptcy in August it announced that it planned to close 34 of its 256 restaurant locations nationwide as part of a restructuring plan. There’s been a lot of bankruptcy news this week. Industry experts are watching Sears Holdings Corp.
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Car Vending Machine Company Carvana Goes Up Against Wall Street
PYMNTS
MARCH 11, 2020
billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. Miami is Carvana’s 24th car vending machine location to date — joining Nashville, San Antonio, Houston, Austin, Dallas, Raleigh, Jacksonville, Tampa, Charlotte, Washington, D.C., Ontario (L.A.),
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