A growing share of parents is looking for back-to-school deals: As consumers are generally resigned to spending more this year, 69.5% are hunting for sales and coupons.
China’s rebounding luxury market will give global sales a boost: Personal luxury sales are forecast to grow between 5% and 12% this year.
Meta project targets ad industry’s AI obsession: It’s building a recommendation algorithm that could dwarf OpenAI’s GPT-4 to capture user engagement and enhance targeted ad strategy.
Microsoft, OpenAI slapped with $3B class-action lawsuit: It’s the latest in a litany of legal woes facing the generative AI pioneers. Judicial and legislative outcomes are uncertain.
Some 29% of US adults are taking less expensive trips this summer due to inflation, according to Bankrate. Slightly fewer (28%) are engaging in cheaper activities as inflation, which has cooled slightly, wears on.
US banks and credit unions are prioritizing deposit growth into 2024. They’re also looking for revenue generation as their bottom lines are squeezed.
Credit unions argue they can handle climate-related financial risks on their own. If regulators want to help, they should look to insurers.
Coupled with other loan and banking updates, the card can help Square tighten SMB relationships
WeChat Pay and Alipay users can now link foreign credit cards to their platforms
The company launched an AI-powered optimization engine to help merchants maximize efficiencies and savings in the payments flow
A major blow to trust in Google: A report alleges that Google violated its video ad standards 80% of the time for years, and industry figures are demanding refunds.
Creators descend on the Croisette: Influencer marketing spending is increasing as ad budgets remain tight.
Retail media, connected TV (CTV), and search will play key roles in the future of digital advertising. This shift has retailers like Amazon aiming to expand CTV and social network companies like Meta leaning into search. Here are five predictions, according to our analyst Andrew Lipsman, that were shared during our virtual summit earlier this month.
Bed Bath & Beyond is back (in digital form): Overstock will soon use the bankrupt home goods retailer’s banner for its digital presences after buying the company’s intellectual property.
There will be 3.86 billion monthly social network users this year, equal to almost half (48.3%) of the world’s population. Despite concerns about content moderation and data privacy that have plagued Facebook, Twitter, and TikTok—to name just a few—the social audience is still on the rise.
H&M will sell more third-party brands to head off competition from Shein: The fast-fashion company is the latest in a long line of retailers to turn to marketplace sales for growth.
Nike’s Q4 revenues benefited from strong growth in China and D2C: But the company’s inventory struggles continued to weigh on profits.
Kroger brings retail media in-house: The grocer ended a yearslong partnership with Microsoft in a move that won’t be the last of its kind.
Big retailers are accumulating assets from across the healthcare ecosystem. This includes adding pharmacy and health insurance capabilities, as well as provider services such as home health, telehealth, primary, specialty, and urgent care.
Digital health startups to watch: We spotlight AR surgical company Augmedics and Gen Z-focused virtual health provider Caraway on the back of fresh funding.