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Five At Five: Amazon Might Buy Movie Theaters

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Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest business target of Amazon, along with news Uber’s narrowing losses. Google might do more with health, a major grocery chain gets into self-driving technology and Sam’s Club has a fulfillment plan.

Amazon In The Running To Buy Landmark Theaters

Amazon is reportedly going up against other suitors to purchase the movie theater chain from Wagner/Cuban Cos. Sources said that Wagner/Cuban Cos. has hired investment bank Stephens Inc. to help with a potential sale.

Uber Secures $2.8B In Q2 Revenue

The company narrowed its loss to $891 million in the second quarter from $1.1 billion a year ago. However, a company spokesman pointed out that Uber has been spending more money on new businesses, such as food delivery and scooters.

New Google AI Assistant Helps Users Stay Fit

There are rumors that the company is set to launch Google Coach, which would proactively deliver health and fitness insights using calendar appointments, reminders and logged activities.

Kroger Embraces Self-Driving Delivery Tech

Kroger, in partnership with self-driving car startup Nuro, is ready to take the next step in grocery delivery by putting an autonomous vehicle on the road to get the job done in Scottsdale, Arizona.

Shuttered Sam’s Club Converted Into eCommerce Center

Once completed, the new center will serve as a regional hub for Sam’s Club online orders and will cover several hundred miles around Chicago. Currently, the company is planning to have the hub up and running by the end of 2018.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 Pay Advances: The Gig Economy’s New Normal, a PYMNTS and Mastercard collaboration, examines pay advances – full or partial payments received before an ad hoc job is completed – including how gig workers currently use them and their potential for future adoption.

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