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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

“Ernest Chew, who heads the British lender’s capital goods and automotive investment banking team in the region, will join Carro as its chief financial officer in February,” the news service said, citing unnamed sources. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Toyota’s Move.

Nashville 130
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Sales Were Up, Foot Traffic Was Too — But Lowe’s Disappointed Investors

PYMNTS

The chain announced it will be pouring more capital back into its workforce via bonuses and an improved benefits package following U.S. Lowe’s also plans to grow its supply chain by opening its first direct-to-consumer fulfillment center in Nashville, Tennessee. tax reform.

Nashville 100
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Car Subscription Market Set To Grow 71 Percent By 2022

PYMNTS

BMW, for example, launched a pilot dubbed Access by BMW in Tennessee. Beyond BMW and Cadillac , the subscription market is growing as consumers and brands take note: Software vendors, too, are turning to subscriptions, according to the PYMNTS Subscription Commerce Tracker.

Marketing 110
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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

Research BRIEFING: Surviving the Retail Apocalypse. How are brick-and-mortar retailers surviving and adapting in the world of digital commerce? The retail apocalypse has claimed many victims , with almost 7,000 stores closing in the US in 2017. And that’s just since February. However, this isn’t the whole story.

Retail 59
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The Real Hunger Games: A Battle Royale In The Grocery Aisles

PYMNTS

The easiest possible summary is that in a post-apocalyptic future, the United States has become the Kingdom of Panem, which consists of a rich, technologically vibrant capital city ringed by 12 impoverished agrarian or industrial districts that are exploited for their resources by wealthy residents of the capitol. District 2: Walmart.

Branding 101
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11 Lessons From Startup Chapter 11s

CB Insights

The marketplace blended crowdsourcing and social media to create hype around new inventions; help inventors find partners, funding, and manufacturing resources; and sell their gadgets to major nationwide retailers such as Home Depot and Target. In September 2015, Quirky finally filed for Chapter 11 bankruptcy protections. Total Funding: $60M.

Apple 78
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Who Will Disintermediate The Intermediaries?

PYMNTS

Disintermediating the established intermediaries has become something of an art form in payments and retail these days. Physical retail is being disintermediated by a host of new players using digital technologies and data that further erode their relevance. Take retail. See the Future — or Face the Inevitable. Yes, they do.

Retail 117