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Neiman Marcus Emerges From Chapter 11

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has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

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Einride Presses The Pedal On Autonomous Delivery

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Sweden-based Einride , which makes autonomous delivery vehicles, has raised $25 million in fresh capital. Scant information was immediately available from Einride, which appears poised to use that capital to expand internationally and otherwise continue development of its electric Einride Pods. For instance, Kroger Co., Freight Play.

Houston 116
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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

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The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential.

Mobile 168
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How QSRs Bring Mobile And Digital Payments To The Table

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The explosive growth has caused industry experts to forecast that the mobile order-ahead market will reach $38 billion by next year. And online ordering platforms are raising capital: ChowNow , for instance, announced in May that it had notched $21 million in venture funding.

Mobile 179
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Kicking The ‘Virtual’ Tires To Spur Car Sales As COVID-19 Hits Automakers

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When you look at March, we basically lost half the month,” Eric Lyman, chief industry analyst at TrueCar, told Reuters. In one example, Hyundai Motor Assurance Job Loss Protection will pay up to six months’ worth of payments for vehicle owners who lose their jobs and purchase cars between March 14 and April 30 through Hyundai Capital.

Houston 141
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Rescuing The Restaurant Business From App Decline

PYMNTS

With DineVite, consumers and restaurants get a better deal, since the restaurants can offer a deal to customers that they are comfortable with and consumers capitalize on it. According to industry research , 70 percent of consumers use their mobile devices on their QSR/FCR food purchasing journey.

Miami 130
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15 Minutes With … Jimmy Rasmussen

Independent Banker

Finally, I focus on economic news in our markets, which include five communities south of Houston. The news will focus on capital spending and job creation with an emphasis on Galveston Island, which is where our community bank’s headquarters and largest market is. On a positive note, the large oil refineries in our area are thriving.

Dallas 131