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By Mike Colias The Wall Street Journal Fri., Nov. 2, 2018 General Motors Co. is winding down a car-subscription service it rolled out nearly two years ago for Cadillac, underscoring the challenges traditional car makers face as they try to diversify into new transportation offerings. The Book by Cadillac service—available in Los Angeles, Dallas and New York—will shut down operations by the end of this year, according to people briefed on the plan. Subscribers paying $1,800 (U.S.) a month for access to Cadillac’s model lineup will have 30 days from the time they are notified to turn their vehicles in, these people said. The subscription plan, launched early last year, lets members swap in and out of different Cadillac models for the monthly fee, providing an alternative for customers who might not want to make the long-term commitment of buying or leasing a car. A GM spokesman confirmed the service was ending but said it could restart later. … [Read more...] about Cadillac cancels $1,800-a-month car-subscription service
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Walmart discovers why the ‘last mile’ is the hardest
EAST BRUNSWICK, N.J.: Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers.Walmart's own store employees would bring online orders directly to shoppers' homes after completing their usual shifts of up to nine hours on the sales floors. Aiming to lower the retailer's shipping costs by tapping its massive workforce, the program was part of a multi-pronged strategy to boost its US$11.5 billion U.S. ecommerce business and tackle one of the biggest challenges in retail: the so-called "last mile" of delivering goods to online customers.Its workers, meanwhile, could earn extra money on top of their hourly pay, which starts at US$11 an hour."Just imagine associates all over the world delivering orders to customers on their way home," Marc Lore, head of Walmart's e-commerce operations, said at its annual meeting in June 2017. "That can be a real … [Read more...] about Walmart discovers why the ‘last mile’ is the hardest
Before Daymond John became a millionaire investor on ‘Shark Tank,’ he was waiting tables at Red Lobster and talking his way onto LL Cool J’s music video sets
Daymond John grew his clothing line FUBU from a few sewing machines in his mother’s house into a $350 million company. In 2009 he became one of the original celebrity investors on the hit TV show “Shark Tank.” He’s invested millions in a variety of companies, written books, and opened a coworking space in Manhattan. His newest title, “Rise and Grind,” looks at examples of people who succeeded despite the odds. Daymond John grew up in Queens, New York, where he dreamed of making clothes for the coolest, most famous rappers. That dream became a reality in the 1990s when FUBU became one of hip-hop’s hottest brands. He started off with nothing, turning his mom’s house into a factory, using graffiti as marketing, and talking his way on to the sets of music videos. John built FUBU into a global brand that brought in $350 million in annual sales at its peak. In … [Read more...] about Before Daymond John became a millionaire investor on ‘Shark Tank,’ he was waiting tables at Red Lobster and talking his way onto LL Cool J’s music video sets
Daymond John reveals how he started a $350 million business out of his mom’s house, became a ‘Shark Tank’ star, and gained a new perspective after beating cancer
Daymond John grew his clothing line FUBU from a few sewing machines in his mother’s house into a $350 million company. In 2009 he became one of the original celebrity investors on the hit TV show “Shark Tank.” He’s invested millions in a variety of companies, written books, and opened a coworking space in Manhattan. His newest title, “Rise and Grind,” looks at examples of people who succeeded despite the odds. Daymond John grew up in Queens, New York, where he dreamed of making clothes for the coolest, most famous rappers. That dream became a reality in the 1990s when FUBU became one of hip-hop’s hottest brands. He started off with nothing, turning his mom’s house into a factory, using graffiti as marketing, and talking his way on to the sets of music videos. John built FUBU into a global brand that brought in $350 million in annual sales at its peak. In … [Read more...] about Daymond John reveals how he started a $350 million business out of his mom’s house, became a ‘Shark Tank’ star, and gained a new perspective after beating cancer