As malls continue to lose foot traffic, the question of how retail can keep up is on the top of many industry leaders' minds. George Arison is the CEO and Founder of Shift joins Cheddar to give his take.
Arison believes that next-day delivery is going to be the key to retailers who want to survive. Arison points to Amazon has not only a retail disrupter but also as the company to follow.
Shift is a peer-to-peer marketplace for buying and selling cars. Shift allows consumers to go through the entire car buying/selling and financing process, all on their phone.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
