Future Innovations In Retail And Banking

CarMax App

Used car dealership chain CarMax plans to return its capital investment to pre-pandemic levels with plans to open more stores, expand its digital efforts and fund its acquisition of Edmunds. In disbursements, gig platforms aim to stand out and attract freelancers as the gig economy grows, and some are depending on quick payment options to do so. And in banking, some credit unions (CUs) are looking for new ways to bring younger members into the fold. All this, Today in Data.

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    Data:

    $350M: CarMax’s estimated capital expenditures in fiscal 2022.

    130%: Amount by which CarMax shares have risen over the past 12 months.

    86%: Portion of credit unions that invested in mobile innovations in 2020.

    26%: Share of U.S. consumers who would be willing to pay a fee to access instant disbursements.

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    $5.1B: CarMax’s reported revenue for the three months that ended Feb. 28.