Levi Strauss’ revenues grew 6% in Q1: But its gross margin declined thanks to high transportation costs and increased promotions to move excess inventory.
Latin American luxury sales growth is expected to decelerate this year: Mounting inflation and sluggish economic growth are at play.
Is India the next China? Retailers from Apple to Dior to Levi’s are looking to expand in the world’s fastest-growing retail market, but success isn’t guaranteed.
Walmart ramps up automation to lower fulfillment costs: The retailer is investing in technology to optimize inventory planning and delivery speed.
JPMorgan and Deutsche Bank will face allegations that they enabled the sex offender.
The Dutch neobank has applied for a US banking license just as many consumers are shunning fintechs and turning to established lenders.
First Citizens is discussing if and how it can take over the plan. Regulators should have already created rules for a situation like this.
It provides a clear framework for enforcers and consumer-facing firms on what’s abusive and deceptive. Is a crackdown coming?
It added Apple Pay as a payment option for Advanced Checkout and introduced new features to streamline customer checkout.
Can Meta convince advertisers that AI can keep their brands safe? The company is rolling out AI-powered content filters, but confidence in AI moderation tools is low.
Generative AI will serve as a creative spark for sponsored content and spur new growth in the creator economy.
Consumers value features that protect their accounts and financial data, based on our exclusive survey data and analysis of 42 emerging features from the seven largest Canadian financial institutions in their mobile banking apps.
On today's episode, we discuss the significance of GPT-4, calls for a pause on AI development, and what to make of ChatGPT being banned in Italy. "In Other News," we talk about whether 3D "holoportation" will catch on and why brands might need a digital avatar outside of the metaverse. Tune in to the discussion with our analysts Jacob Bourne and Gadjo Sevilla.
VC funding for creator-focused startups has plummeted in the US, even as these startups multiply. Last year, funding dropped by 51% YoY, while the number of creator-related startups increased by 550%, per The Information. This is part of a greater trend of cooling VC investment.
Secondhand shopping is soaring: We expect resale volumes will grow more than twice as fast as total US retail sales through 2026.
First-party data is growing in importance as marketers move forward without cookies. With more reliable and accurate data that’s shared between life cycle marketing and paid channels, brands can lower acquisition costs, create efficient campaigns, and build lasting, one-on-one relationships with target consumers.
From the explosion of ChatGPT to confusing economic indicators, the first quarter of 2023 has proven to be a mixed bag for retail. We break down major developments from the past few months and what they mean for the year ahead.
L’Oréal’s Aesop purchase is the company’s biggest yet: The beauty giant is spending $2.53 billion to stake a larger claim to the highly profitable luxury skincare category.
US may try to kneecap China’s quantum computing ambitions: The government is mulling semiconductor-style export controls that may be easily circumvented. Meanwhile, it could hurt domestic companies and inflame tensions.