PYMNTS

MARCH 24, 2020

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.

Retail 101

Retail Detroit California Report 101

PYMNTS

JUNE 21, 2019

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.

Retail 116

Retail Innovation Los Angeles Indianapolis 116

Bank Innovation

SEPTEMBER 5, 2019

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

Detroit 210

Detroit Customer Experience Innovation Strategies Digital Banking 210

PYMNTS

AUGUST 5, 2019

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.

Retail 144

Retail New York Detroit Technology 144

Bank Innovation

APRIL 19, 2019

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.

Detroit 186

Detroit Millennials Online Capital 186

PYMNTS

DECEMBER 6, 2019

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.”.

Detroit 131

Detroit Capital Resources Online 131

PYMNTS

SEPTEMBER 15, 2017

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.

San Diego 164

San Diego Detroit San Francisco Oakland 164

BankInovation

JANUARY 19, 2024

The $196 billion Detroit-based bank is looking to simplify its organization and move away from sectors where it has no scale to grow after the banking crisis of 2023, Chief Executive Jeffrey Brown […]

Detroit 72

Detroit Retail 72

BankInovation

OCTOBER 3, 2023

The Detroit-based firm said the job cuts will occur across divisions and aren’t isolated to a single line of business, spokesperson Peter Gilchrist told Bloomberg News in an email. Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the company’s overall headcount.

Detroit 74

Detroit Retail 74

PYMNTS

AUGUST 5, 2020

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.

Cleveland 233

Cleveland Detroit New York Company 233

PYMNTS

AUGUST 20, 2020

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.

Report 168

Report San Diego Detroit Phoenix 168

PYMNTS

DECEMBER 9, 2020

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.

St. Louis 242

St. Louis Las Vegas Kansas City Tucson 242

PYMNTS

SEPTEMBER 7, 2020

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.

Detroit 177

Detroit Trends Online Retail 177

PYMNTS

FEBRUARY 10, 2020

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.

Detroit 132

Detroit Indiana Michigan Retail 132

PYMNTS

SEPTEMBER 19, 2018

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.

Data 161

Data Detroit Retail Cards 161

PYMNTS

JUNE 29, 2020

“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.

Detroit 131

Detroit Retail Industry Analytics 131

PYMNTS

DECEMBER 9, 2019

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.

Las Vegas 136

Las Vegas San Antonio New York City Detroit 136

PYMNTS

JULY 9, 2018

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.

Online 134

Online Data Detroit Retail 134

PYMNTS

SEPTEMBER 22, 2020

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.

Philadelphia 206

Philadelphia Retail DC Detroit 206

PYMNTS

FEBRUARY 14, 2020

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.

Miami 130

Miami United States New York City Retail 130

PYMNTS

MARCH 4, 2019

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.”.

Detroit 226

Detroit Atlanta Payments Mobile 226

BankInovation

JULY 17, 2020

The Detroit, Mich.-based Ally Financial is reigning in its appetite for new business growth, a pivot that has prompted a mutual termination of its pending CardWorks acquisition as it retreats to focus on its existing business lines, CEO Jeffrey Brown said on the company’s second-quarter earnings call today. based Ally, which has $182.5

Detroit 64

Detroit Innovation Strategies Strategy Innovation 64

PYMNTS

MARCH 14, 2019

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.

Austin 128

Austin Detroit Miami Washington 128

PYMNTS

SEPTEMBER 5, 2019

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.

Indianapolis 116

Indianapolis Baltimore Detroit Houston 116

PYMNTS

SEPTEMBER 12, 2018

Amazon’s B2B Unit Growing Faster Than Retail. The program is based on its previous efforts to invest in urban renewal, including the $150 million investment it made in Detroit in 2014. Amazon released new statistics about the growth of its B2B eCommerce unit, Amazon Business, on Tuesday (Sept. reported Reuters.

Detroit 100

Detroit Chicago Fraud Washington 100

PYMNTS

OCTOBER 2, 2017

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.”

San Francisco 101

San Francisco New York City Cleveland Detroit 101

PYMNTS

FEBRUARY 26, 2019

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.

Branding 129

Branding Marketing Retail Detroit 129

PYMNTS

AUGUST 30, 2016

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.

St. Louis 100

St. Louis Milwaukee Columbus Cleveland 100

PYMNTS

SEPTEMBER 22, 2019

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.

Los Angeles 177

Los Angeles Detroit Houston New York 177

PYMNTS

SEPTEMBER 19, 2019

The company carries brands such as the Detroit Spice Company and Lush Gourmet (Nuts). In addition to selling online, Mitten Crate also launched a retail storefront at the historic Eastern Market in March, which Wright said has been well-received. Consumers can purchase subscriptions as gifts for others.

Michigan 129

Michigan Florida Detroit New Mexico 129

Celent Banking

APRIL 28, 2017

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.

Innovation 150

Innovation Detroit Community Bank Strategy 150

PYMNTS

FEBRUARY 26, 2018

Detroit-based custom-made suit retailer 1701 Bespoke has a similar model as it, too, combines the attention of personalized shopping with the convenience of digital purchasing. It also has showrooms that combine the “old-world tailoring, sort of luxury experience” with the company’s technology, according to Wakefield. In the U.S.,

Detroit 100

Detroit Comparison Maine Groups 100

CB Insights

OCTOBER 9, 2018

Traditional retail is getting an upgrade. Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Get the entire 54-page retail report. Why Are retailers are pivoting towards cashier-less retail?

Retail 71

Retail Technology San Francisco Mobile 71

PYMNTS

MAY 24, 2019

We’re looking at partnering with all sorts of private property owners, including apartment buildings, office buildings, retail locations, restaurants and universities,” Fong said, according to The Washington Post. Denver, Detroit, Charlotte and Coral Gables, FL. and 200 in Ann Arbor. Now, Spin has eScooters in 32 U.S.

DC 100

DC Washington Detroit Denver 100

PYMNTS

APRIL 3, 2019

The move toward cashless has set in motion any number of initiatives, spanning any number of businesses where consumers shop, from retail (a la Amazon Go and other tech-driven concepts) to stadiums. In news last month, Mercedes-Benz Stadium in Atlanta went cashless, accepting credit cards, debit cards and mobile payments.

Cards 128

Cards Atlanta Detroit Mobile 128

Celent Banking

APRIL 28, 2017

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.

Innovation 134

Innovation Detroit Community Bank Strategy 134

PYMNTS

AUGUST 20, 2020

Chicago, Cincinnati, Milwaukee, Detroit and Indianapolis customers can order from Meijer and Fresh Thyme. The service is launching on the West Coast and in the Midwest. San Francisco, Los Angeles, Orange County, Sacramento, San Diego and California Central Coast customers can order from Smart & Final.

San Francisco 130

San Francisco San Diego Los Angeles Milwaukee 130