TJX’s clothing-oriented stores grew sales 7% in Q4: But the retailer’s home furnishings division reported a 7% decline. (This story was written with the assistance of GPT-3.)
Dick’s Sporting Goods looks to grow its share of the outdoor market: The retailer is buying outdoor retailer Moosejaw from Walmart. (This story was written with the assistance of GPT-3.)
Generative AI proves difficult to handle: Microsoft and OpenAI are making changes to Bing AI following criticism. The changes show AI’s technical challenges and the importance of preemptive safeguards.
‘Impossible’ sensing using quantum: Researchers develop a sensor that transforms light into electricity with 200% efficiency. It’s part of a growing quantum sensing market that could disrupt the wearables industry.
Linux boots on Apple Silicon: Macs will be able to run all of the major PC operating systems. It’s bad news for Intel and AMD, which previously cornered Windows and Linux markets.
Customer experience makes or breaks trust: A recent survey suggests a poor experience or communication is enough to cause banking customers to lose faith in their financial institution.
Some banks are planning job cuts in areas related to investments. But others are adding and upskilling as the economic outlook strengthens.
Since MPs pointed out incumbents’ failure to pass along higher interest rates to customers, at least 4 neobanks have upped their rates.
Issuers should keep an eye on rising delinquencies and charge-offs to understand how consumers are faring financially.
Over half of retailers plan to raise prices this year: But any additional profitability may be wiped out by declining consumption from cash-strapped shoppers.
Google’s alleged Chrome-related payments to Apple draw UK regulator scrutiny: Concern arises that the relationship is stifling competition.
Data clean rooms are (finally) becoming standardized: As IAB Tech Lab facilitates the process, it could lead to greater adoption of the technology.
Instagram takes a page from Telegram’s playbook: The platform’s latest foray from its roots could appeal to creators.
Consumers around the globe are cutting back: Over half of global consumers are pulling back on discretionary spending, with 15% stopping non-essential spending altogether.
Consumers are trading down to private labels: Rising food prices have driven shoppers to look for less expensive alternatives. (This story was written with the assistance of GPT-3).
In the last quarter of 2022, Amazon increased its total net sales 9% YoY to hit $149.2 billion. But compared to the massive growth the company has experienced in the past, its Q4 results were a bit lackluster. From ad revenues to physical store sales, let’s take a closer look at how some of Amazon’s business units fared in Q4.
Customer loyalty has to be earned. Brands can do this through programs with discounts and deals, but there’s a lot more to loyalty programs than the occasional coupon. Our analysts share how your brand can achieve loyal status.
US consumers spent $2.17 billion on social media apps in 2022, nearly half a billion more than the year before, according to data.ai. Worldwide, social app spend hit $7.28 billion last year, up from $6.32 billion in 2021.