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

PYMNTS

“As we enter 2018, we are working diligently to improve execution with a focus on conversion, gross margin and inventory management,” CEO Robert Niblock said in a statement. Given the rapidly evolving competitive landscape, we are also accelerating our strategic investments, leveraging the benefits of tax reform.”. tax reform.

Nashville 100
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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

As digital and mobile technology changes the automotive market, vehicle subscription and online marketplace businesses are also growing, and undergoing changes. Indeed, the anticipated compound annual growth rate (CAGR) of the global automotive subscription services market through 2022 is 71 percent. Toyota’s Move. Ford Retreat.

Nashville 130
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Ford Drops Out of Vehicle Subscriptions, While The Space Continues Acceleration

PYMNTS

The anticipated compound annual growth rate (CAGR) of the global automotive subscription services market through 2022 is 71 percent. In addition, Mercedes-Benz Collection is expanding its Nashville, Tennessee offering to include the Premier tier. Toyota is trying to make its own presence felt in vehicle subscriptions, too.

Georgia 100
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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. First Community Bank of Tennessee. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker. Philadelphia.

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11 Lessons From Startup Chapter 11s

CB Insights

Coda Automotive was an early player in the electric vehicle market, an early failure, and a great example of why being early is not always an advantage — even if the future your company envisions is probably the right one. Another, larger problem was that the market for electric cars did not take off the way that Coda expected.

Apple 78
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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

HQ: Nashville, Tennessee. Recurring bill management . Tags: Consumer, billpay, personal financial management, PFM, budgeting, spending, credit/debit cards. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Online payroll system. Latest round: $45 million. Total raised: $164 million. HQ: Cincinnati, Ohio. LendingKart.

Company 12
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Fantasy Sports Get A Legal Go-Ahead In New York State

PYMNTS

Indiana, Virginia, Tennessee, Mississippi, Missouri and Colorado have all affirmed daily sports betting as a legal alternative, but other states have seen the issue differently. This is significant since they collectively control 90 percent of the daily sports gaming market.

New York 101