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GM’s Electric Vehicle Makeover Reverberates Far Beyond Detroit

PYMNTS

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.

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‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

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.

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Detroit Red Wings IT exec: Mobile enhances the customer experience

Payments Dive

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.

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Holiday Shipping Delays Fall Hard On Retail SMBs

PYMNTS

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.

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Can 5G Power Retail Drone Deliveries?

PYMNTS

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.

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No one-trick pony: How Ally got to $100b in deposits

Bank Innovation

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

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Auto Sales Race Toward A New Retail Future

PYMNTS

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.

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