General Motors (GM) says it is mass-producing autonomous cars that give complete control to the machine by taking away both the steering wheel and pedals.
Continue reading… “GM is dropping the steering wheel in autonomous cars”
Pizza Hut says driverless delivery could create more jobs than it destroys
Pizza Hut and Toyota are partnering on an autonomous delivery vehicle called e-Palette that could make the delivery process driverless.
Despite the implications for current drivers, Pizza Hut said driverless delivery could create more jobs than it displaces.
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Spotify disrupted the music world, now it’s doing the same to Wall Street
If Spotify’s non-IPO goes forward this spring, it will be unusual in that it will be a “direct listing,” wherein the current shareholders will sell their shares directly to the retail-investing public on the NYSE, vs. to institutional investors. Spotify is the first company of its size to propose such a listing. If the listing yields a lucrative exit for existing shareholders, it will encourage other nascent high-growth firms to follow in Spotify’s footsteps.
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7 things Amazon will be selling you by 2028
Amazon has found its way into just about every part of people’s shopping lives. Once a fledgling online bookstore, the tech giant has changed retail as we know it. It has disrupted the selling of gadgets, household goods, and now even high-end groceries, having snapped up Whole Foods for $13.7 billion.
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You may soon be able to skip the grocery checkout line at Kroger
After a 25-store test run over the last couple years, Kroger is expanding the Scan, Bag, Go service to roughly 400 stores during 2018. Somewhat similar to Amazon’s Go convenience store, shoppers at Kroger will be able to fill their shopping basket with scanned items and exit the store after a quick stop at a self-checkout station.
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Jeff Bezos is the richest person in history
Jeff Bezos is now the richest person of all time. That should put an Amazon smile on his face.
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Pizza Hut is teaming up with Toyota to create self-driving delivery trucks
Pizza Hut has taken its first step toward potentially saying goodbye to the delivery guy.
The pizza chain announced on Monday that it is teaming up with Toyota on a driverless delivery truck that could begin testing by 2020.
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A tsunami of store closings is about to hit the US — and it’s expected to eclipse the retail carnage of 2017
More than 12,000 stores are expected to close in 2018 – up from roughly 9,000 in 2017, according to Cushman & Wakefield.
A rash of bankruptcy filings and announcements to close stores are expected at the start of the year, when retailers are flush with cash from the holiday season.
Among the companies most likely to file for bankruptcy within the next year are Sears, Bon-Ton Stores, Bebe Stores, Destination Maternity Corp., and Stein Mart.
The closings would push hundreds of shopping malls to the brink of death.
American reams: why a ‘paperless world’ still hasn’t happened
In a world seduced by screens, the future of paper might seem uncertain. But many in the industry remain optimistic – after all, you can’t blow your nose on an email.
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Meet the newest cryptocurrency trend: privacy coins
Privacy and anonymity are all the rage, and these coins are benefiting big time.
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Walmart is developing personal shopping services and cashier-free stores
Walmart’s Code Eight, led by Rent the Runway co-founder Jennifer Fleiss, has started testing personal shopping services for moms in New York City, Recode reports. Code Eight is part of Walmart’s startup incubator Store No. 8. The idea with Code Eight’s service, according to Recode, is for “busy NYC moms” to get product recommendations and buy them via text message. The shopping service is currently focused on health, beauty, household essentials and apparel/accessories, Recode reports.
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Here’s what could happen to America’s hundreds of dead malls
Fireworks for the opening weekend of the Bon Marche at Northgate Mall in Seattle, Washington, on April 30, 1950. Macy’s is now where the Bon Marche was.
Continue reading… “Here’s what could happen to America’s hundreds of dead malls”
