Retailers are adapting to the changing market by focusing on digital tactics that drive demand for in-store shopping to meet evolving customer needs and expectations. Here’s what you need to know.
Generative AI likely to have market stickiness: ChatGPT frenzy seems to be increasing as use cases proliferate beyond chatting. Compute costs could be a bigger risk than a market bubble.
Amazon adds ‘a thousand bots a day’: The ecommerce giant’s robotic fleet might surpass its human workforce. It’s part of an automation trend that could gain steam in a recession.
Twitter tries squeezing more money out of developers: Removing free API access might generate some cash but will also weaken users’ experience.
The funding round shows there are opportunities for fintechs serving North Africa’s substantial underbanked population.
Challenger banks that cut costs and prioritize lucrative revenue streams are carving out the profits that still elude most.
Higher rates and the risk of increased defaults are hurting their business. They’re also losing market share to specialized fintechs.
Just as the tech blows up in banking, UK startup Evident has created a non-biased index that scores banks on AI development and implementation.
It wants to lower the amount credit card issuers can charge in late fees—which would hurt a key source of issuers’ revenues.
Say goodbye to Peacock’s free-with-ads tier: The no-cost option will sunset soon as the streamer tries to drive up its revenues per user.
The search advertising world has a familiar new entrant: Yahoo is spinning up its search engine efforts, according to tweets and job listings.
After surviving Q4, Meta tries to refocus its business: An emphasis on efficiency all but ensures more cuts will come in 2023.
Amazon seems poised to beat its lowered expectations: While the retail giant predicted its slowest-ever holiday season growth, analysts expect the retail giant’s Q4 sales still rose 6% YoY.
FedEx cuts 10% of management staff as consumer demand softens: The delivery company is the latest to resort to layoffs after rapid expansion during the pandemic.
Not everyone is a fanatic about livestream shopping: Fanatics Inc. announces plans for the sports memorabilia market, but US live commerce market remains underdeveloped.
On today's episode, we discuss whether in-store shopping is different now (in a bad way), how much people are shopping on their smartphones, whether LinkedIn's newsletter strategy is paying off, how retailers are facing tougher greenwashing penalties, if retailers have given up on the metaverse, how in-person/hybrid/remote work is working out, and more. Tune in to the discussion with our analysts Suzy Davidkhanian and Evelyn Mitchell and vice president of Briefings Stephanie Taglianetti.
In the US, 56% of Gen Z adults prefer to buy from companies that reflect their social values, according to Morning Consult. Gen Z’s figure is slightly lower than those of other generations, with Gen X at 61% and baby boomers and millennials at 59% each.
Amazon’s revenues rose 9% in Q4: While the company’s highly profitable retail media business continued its upward trend line, ecommerce sales fell 2% YoY.