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Giving The Gift Of Michigan With Curated Boxes

PYMNTS

It’s all “nice, local, Michigan-made food products,” Founder Cory Wright told PYMNTS in an interview. When it comes to its target market, the company casts a wide net. The big draw, Wright said, is that someone has to have some type of allegiance to Michigan. Consumers can purchase subscriptions as gifts for others.

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Michigan Passes Self-Driving Regulations

PYMNTS

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan. On Friday of last week (Dec.

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Retail Pulse: Luckin Taps Into Automated Retail; Little Caesars To Team With DoorDash

PYMNTS

Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. Luckin is hardly the only retailer tapping into the potential of vending machines. states and 24 countries.

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Investors Await Wednesday’s FOMC Meeting

South State Correspondent

The market is expecting and pricing in seven hikes this year, but the Fed is unlikely to provide that in Wednesday’s updated Dot Plot. That may rally the short-end as it prices in a slower hiking schedule versus market expectations. In December they forecast Core PCE to be 2.3% for year-end 2022 and GDP to grow 3.8%.

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US Retail Sales Rose Higher In July

PYMNTS

retail sales rose higher than expected last month — a sign that the economy remained strong early in the third quarter. According to Reuters , the Commerce Department revealed that, with the exclusion of automobiles, gasoline, building materials and food services, retail sales increased 0.5 percent in July, and rose 6.4

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Want To Build A Retail Experience? Get An Incubator

PYMNTS

You’ve probably gotten the memo already, but in case you missed the message, here you go: Mere retail is boring. Mere retail is not enough. According to Foot Locker , that store has 8,500 square feet of retail space and “is home to an activation space that will host regularly scheduled events and activations for the sneaker-obsessed.”

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August CPI Headlines the Week

South State Correspondent

That will be followed by August retail sales on Thursday with sales expected flat just like in July. So, a fairly steady-as-she-goes read on retail sales is expected. Finally, the latest read on consumer confidence is due on Friday with the University of Michigan Sentiment Survey for September. Source: Bloomberg. – 3.59.

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