Supermarket chain Safeway will pilot remote-controlled, driverless carts to deliver grocery orders to neighborhood homes, Safeway’s parent company Albertsons Companies announced on Friday (March 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Concerned it could lose out by having a traditional initial public offering (IPO), Instacart is mulling the idea of going public through a direct listing, Reuters reported Friday (March 5), citing sources. The San Francisco-based grocery delivery company has yet to make a final decision on its...
There was talk about making big investments in technology and aiming for 6 percent growth as China’s legislature, the National People’s Congress, met this week in Beijing. The announcements came despite the ongoing worldwide pandemic and warnings from Big Tech that China’s not far behind...
Mastercard has finalized its 2.85 billion euro purchase of Nets Group’s account-to-account (A2) division, which includes clearing and settlement, real-time payments and eBilling solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The owner of 100 shopping malls in more than two dozen states is under pressure following multiple news reports that Washington Prime Group (WPG) is set to file for bankruptcy protection. The reports not only cut WPG’s already beleaguered share price in half, but also extended a...
The parent company of Saks Fifth Avenue said Friday (March 5) it was splitting its eCommerce and 40 traditional retail stores into “separate but related sister companies” in a move it said would “redefine the luxury shopping ecosystem.” Get the Full Story Complete the form...
Gap Inc. reported as part of its fourth-quarter and fiscal year 2020 results that pandemic-required store closures in global markets and softer store traffic in some U.S. regions with stay-at-home limitations impacted sales in the fourth quarter. Get the Full Story Complete the form to...
Dealmaking – and clearing regulatory hurdles – is paving the way for real-time payments to make the leap from concept to reality. Progress continued as Mastercard said on Friday (March 5) that it completed the acquisition of a majority stake in Nets’ Corporate Services business...
Costco Wholesale Corporation, which operates just over 800 warehouses, reported its net sales for the second quarter climbed by 14.7 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
