This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
While the wisdom and strategy can be debated, there is no arguing the fact that GM’s decision to wean itself — and the world — off of fossil fuels will have tectonic effects that will be felt far beyond Detroit, and will take along for the ride scores of ancillary businesses that keep America’s love affair with the automobile rolling.
But for non-essential retail, stepping up takes more commitment, risk and money. It’s in the non-essential category that true retail heroes are showing up amid the coronavirus pandemic. 1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants.
If there is one reason retailers must move forward with a mobile app strategy it’s this: consumers not paying in cash spend an average of 13 percent more when it’s a mobile payment experience.
For example, investigative reporters from Detroit’s WXYZ found tractor trailers lined up around the street trying to deliver and pick up packages at the U.S. Postal Service Detroit Network Distribution Center in Allen Park. The station counted at least 50 of them trying to get into the Allen Park plant on Monday, Dec.
UPS , too, is going down the drone path – one that Amazon pioneered for retail delivery uses – and is seeking a certification to operate commercial drone flights. We can expect more such retail trends to match up and combine forces for new innovation in the coming decade. The company applied to the U.S.
But Detroit-based Ally, which has no branches, was the one of the earliest digital-only banking players, rolling out a product suite a decade ago when it rebranded from General Motors Acceptance Corporation. With the rise of digital-only challenger banks, it’s easy to overlook Ally Bank. Since then, Ally has acquired more than 1.9
Close the door and buckle up – retail automotive sales are getting an upgrade. The company also opened an engineering port in Detroit this year, choosing the city for its “wide pool of skilled tech, design and product talent, as well as its longtime automotive industry legacy.” for both iOS and Android.
But you wouldn’t know it by looking at the lineup of this year’s North American International Auto Show in Detroit. High-riding, gas-guzzling, wide-bodied SUVs were more popular among U.S. and international drivers than ever in 2016. Half of the 20 new models unveiled this year were sedans, station wagons and coupes.
Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. Luckin is hardly the only retailer tapping into the potential of vending machines. states and 24 countries.
Oakland, San Jose, San Francisco, Detroit, Austin, Boston and Chicago. Amazon is opening a 1 million-square-foot warehouse in metro Detroit and plans to hire 1,000 employees to fill it. Township leaders are ecstatic, yet some fear the company could kill more jobs than it creates because of its threat to the retail sector.
The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.
The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. Rocket describes itself as the largest retail mortgage lender in the U.S. Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported.
locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. They can track the delivery just like an Uber trip, the blog post indicated.
You’ve probably gotten the memo already, but in case you missed the message, here you go: Mere retail is boring. Mere retail is not enough. According to Foot Locker , that store has 8,500 square feet of retail space and “is home to an activation space that will host regularly scheduled events and activations for the sneaker-obsessed.”
Connected and self-driving cars and truck stand as some of the next big frontiers when it comes to retail and retail innovation, but challenges to that future — real and potential problems that could slow down progress when it comes to autonomous vehicles — are increasing appearing on the horizon.
Part of the future of retail is playing out inside hotels — and that’s happening as the wider part of the travel-and-tourism industry is undergoing its own significant disruption. One of the latest — and perhaps wildest — examples of the hotel-retail trend comes from Taco Bell, of all places. Unattended Retail. Deeper Trend.
Newegg, the electronics retailer, was reportedly the victim of a data breach that lasted a month. Newegg isn’t the only retailer to fall victim to a data breach. In June, Macy’s detected suspicious logins prompting the retailer to warn customers about a data breach. 14 through Sept.
Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. The store will also offer magic shows and a grocery shopping experience designed for kids.
retailers that don’t want to pay rent in full due to the coronavirus ‘ effects on the country’s economy, Bloomberg reported, which could set up a brawl with landlords and officials in the coming weeks as the first of the month approaches. Detroit-based Bedrock is waiving rent and fees for three months.
A representative for the eCommerce retailer said in a statement cited by the outlet that it “did not implement a hiring freeze, and the pace for hiring across Alexa and our Devices organization continues to be very strong. And, in other Amazon news, the retailer is continuing its strong clamp-down on counterfeit items.
The news comes as the Detroit Lions deployed digital and physical upgrades to kick its dining game up a notch in the midst of significant renovations to the Ford Field stadium. Cannon said, according to the outlet, “If we have to make any adjustments or pivots, we will be able to do that before [the] Falcons’ season begins.”.
The company opened an engineering port in Detroit this year. The Detroit office will be pivotal to the company’s future plans. We’re very excited to be a part of the future of automotive retail , and [we] support Vroom in its efforts to move the car buying and selling process online for consumers across the country.”.
The trend is one that has benefited Detroit automakers that have specialized in those vehicles for years. There has also been a shift to online car sales, with eCommerce car retailer Carvana reporting a $1.12 Those with the funds to buy are coming for the pricey SUVs and trucks. billion revenue influx in the second quarter.
There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. If you own mall REITs, be prepared for a long period of disruption, even as COVID-19 speeds up the retail sector shakeout,” he continued.
The company told Forbes that its goal is to provide a physical location where those small businesses can sit down across the table from experts who can help them navigate the turbulent retail waters ahead. Warby Parker CEO Neil Blumenthal said, unequivocally, that he doesn’t believe retail is dead or dying — only “mediocre retail experiences.”
The positions offer a beginning hourly wage of at least $15 per hour, and the eCommerce retailer is providing sign-on bonuses of as much as $1,000 to new hires in some cities, according to the announcement. The six targeted cities – Detroit, Dallas, New York, Denver, San Diego and Phoenix – were to be part of an investment of over $1.4
After Macy’s cyber tools detected suspicious logins on June 11, the retailer is warning customers about a data breach. The retailer said that a threat targeted the profiles of customers for nearly two months, Detroit Free Press reported. However, Macy’s said the accounts don’t include Social Security numbers or CVV numbers.
As retail owners face the challenge of decreased foot traffic and store closures brought on by the rise of eCommerce, mall owners have been aiming to change their properties with the introduction of dining options, entertainment and other features. Simon, which is based in Indiana, would pay $52.50 properties as of Sept.
“This represents a significant improvement from May when retail sales were off 20 percent from the pre-virus forecast. In the Detroit market, one of the most severely impacted by the coronavirus pandemic, retail sales are on pace to exceed 2019 levels, researchers reported. billion from last year.
The retailer is opening SoGifted shops in its flagship Manhattan store and six other locations. SoGifted shops will be located in Manhattan’s Herald Square; Atlanta’s Lenox Square; Fashion Show in Las Vegas; Boston’s Northshore; North Star Mall in San Antonio; Twelve Oaks Mall in Detroit; and The Galleria in Ft. Lauderdale.
Read More On Retail: GM’s Electric Vehicle Makeover Reverberates Far Beyond Detroit Google Highlights Black-Owned Businesses On Shopping Tab Cities Use Restaurant Weeks To Showcase COVID-Safe Dining Options New Developments In The Digital Landscape .
As sharp-eyed Celent retail banking subscribers know, I'm an avid collector of good analogies. The Ford GT showcases Detroit's recent focus on platform engineering — the configuration of common unibody structures and drivetrain components to create unique products that can appeal to disparate customers.
Detroit-based Rocket Companies, which owns the Dan Gilbert -founded company Rocket Mortgage , is seeking an initial public offering (IPO) for $3.3 According to Rocket Companies, which describes itself as the biggest retail mortgage lender in the U.S., billion, Bloomberg reported. Rocket Companies also owns Quicken Loans.
The company then quickly extended the service to almost 30 cities, including Los Angeles, Houston and Detroit. The eCommerce giant launched a pilot program in August, using the purchase histories of Whole Foods shoppers who use their Prime memberships to suggest the same products on its main website with the bonus of free two-hour delivery.
Consider Ford’s Van Dyke Transmission Plant, which recently brought in two new dogs – Fluffy and Spot – onto the Detroit site’s assembly line. In fact, robots have recently made two separate-but-connected pushes into the world of retail. On the back end, robots are playing a growing number of important roles in the retail supply chain.
As sharp-eyed Celent retail banking subscribers know, I'm an avid collector of good analogies. The Ford GT showcases Detroit's recent focus on platform engineering — the configuration of common unibody structures and drivetrain components to create unique products that can appeal to disparate customers.
Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact.
The company also has tests going on in Detroit, Miami, Pittsburgh and Washington, D.C. “We Ford is also partnering with retailers to test various uses for its self-driving cars. In the listing, Ford said it is looking for candidates to join its Autonomous Vehicle business team. Ford isn’t only focusing on the U.S.
Little Caesars, which is based in Detroit, Michigan, has stores in 24 countries and all 50 U.S. After orders are placed, they will be sent to the DoorDash driver fleet for fulfillment via the DoorDash Drive service. DoorDash will cover approximately 90 percent of Little Caesars’ Canada and U.S.
Brick-and-mortar retailers are opening smaller-scale locations packed with technology designed to meet the needs of shoppers in cities. The retailer said that “almost 90%” of the selections in the store were chosen to meet the needs of Mansion House customers. billion by 2024 from £18.5 billion last year per IGD. properties as of Sept.
Major retailers are pitching premium baby care products at a less-than-premium price tag with the help of exclusive brands: Walmart is offering Hello Bello exclusively at its stores and its website (and that of the brand). It is the accessibility center — we grew up in Detroit and have family in Ohio and Oregon,” Bell told WWD.
While it is at this point well known that Macy’s will be closing the doors on 100 retail stores by early next year, emerging data indicates most of those closures will likely be coming to Midwestern cities and areas. Targeted for closure are locations where the value of the real estate outstrips the value the retail stores bring in.
Verizon’s 5G stadiums include those of the Seattle Seahawks, Denver Broncos, Detroit Lions, New England Patriots, Miami Dolphins, Indianapolis Colts, Carolina Panthers, New York Giants and Jets, Baltimore Ravens, Houston Texans and Minnesota Vikings. AT&T will host four 5G experiences at the Cowboys’ Sunday, Sept.
In retail news, home goods eTailer Wayfair announced Friday (Sept. Currently available in 10 retail markets — including Atlanta, Boston, Chicago, Dallas, New York City and San Francisco, among others — Chain Store Age reports the new feature will “transform what is considered a time-consuming, even frustrating, process.”
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content