article thumbnail

Vroom eCommerce Sales Platform Raises $254M

PYMNTS

Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. The company opened an engineering port in Detroit this year. The Detroit office will be pivotal to the company’s future plans.

Detroit 131
article thumbnail

Reinventing The Baby Care Market With Exclusive ‘Premium’ Brands

PYMNTS

It is the accessibility center — we grew up in Detroit and have family in Ohio and Oregon,” Bell told WWD. And in terms of the bigger picture, Statista data indicates that the baby care market is expected to rise above a projected $11.4 The Market For Premium Brands. It’s a one-stop-shop. billion in 2018 to $13 billion in 2021.

Branding 129
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vroom Shifts IPO Into High Gear; Looks To Raise $468M

PYMNTS

One of the sources in the report said that the company’s shares are forecasted to commence trading on the Nasdaq Global Select Market under the VRM ticker symbol on Tuesday (June 9). Vroom had previously said it would use the funding to grow its workforce, operations, marketing and technology in addition to products.

Detroit 131
article thumbnail

Prime Now Grocery Delivery Expands Across The US

PYMNTS

“Prime Now delivery continues to be a hit with our customers and we’re excited to introduce the service in five new cities plus more neighborhoods in the San Francisco Bay Area,” Whole Foods Market’s executive vice president of operations, Christina Minardi, said in the announcement.

St. Louis 116
article thumbnail

Ford Creates New Self-Driving Car Unit; To Invest $4B

PYMNTS

In a press release , the Detroit car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business so that Ford can capitalize on market opportunities. Team Edison will continue to report to Jim Farley, executive vice president and president of global markets.

Detroit 100
article thumbnail

Auto Sales Race Toward A New Retail Future

PYMNTS

Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. 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.”

Retail 131
article thumbnail

Gas Station TV, Verifone Combine Pump Assets Into GSTV

PYMNTS

In a press release , the companies said the combined business will operate under the GSTV brand and deliver 3.3 National and regional marketers across all industry sectors now have a way to reach valuable, attentive consumers. “The billion annual impressions through more than 18,000 locations in all 50 states by year’s end. “We

Detroit 100