Meta is closing its first retail store, and Google is selling its domains business to Squarespace, highlighting Big Tech's refocus on core growth areas and potential AI opportunities.
Darden Restaurants anticipates softer growth as consumers manage spending: Diners are ordering less alcohol and opting for QSRs over full service.
Shein’s global expansion continues with launches in India, Mexico, and Europe: The fast-fashion retailer is diversifying production away from China as it faces down criticism over its business model.
On today's episode, we discuss when people are most likely to boycott a brand, whether folks will shop elsewhere if they are charged for returns, where the NBA will live next season, if an ad-supported tier for Amazon Prime Video will work, how much vacation time people take in the US versus other countries, and more. Tune in to the discussion with our forecasting writer Ethan Cramer-Flood and analysts Ross Benes and Paul Verna.
If marketed properly, the tech can help it stand out from rivals and build customer trust before mass industry adoption.
Stagnant wages, slashed bonuses at Microsoft may spell mass departures: Google and Meta pay better, but rampant employee discontent at Big Tech gives startups and small tech companies an opportunity.
OpenAI is working toward a major market expansion: It’s blurring the line between nonprofit research lab and tech company, which could create internal, investor, and regulatory friction.
Small banks and credit unions should focus on digital interactions, ease of use, and consumer safety to boost deposits in H2 2023.
The fintech is focused on expanding in foreign markets like India and improving products at home with higher-rate savings accounts.
A team including SVB Securities CEO Jeff Leerink bought the division and will rebrand it back to its roots. Meanwhile, HSBC is eyeing the bank’s German operations.
The bank hopes to grow its income through digital asset custody services. However, EU regulators warn that risks persist, despite MiCA.
Is AI already replacing ad agency jobs? A new report suggests 33,000 jobs will be replaced by 2030, but there are signs that it’s already happening.
Ad budgets down the drain: $20 billion a year is wasted with MFA websites that consume 15% of ad spend while offering low-quality content, according to a new ANA report.
Google under fire: Gannett sues ad tech giant for alleged monopoly and deceptive practices.
Prime Day’s performance will be an early predictor of holiday season ecommerce demand—at the product category level and for specific merchandise. Retailers and brands should pay close attention.
TikTok takes aim at Shein and Amazon: The social app’s parent company tests selling products through the viral video app, which one executive describes as ‘a billion-person focus group.’
Amazon’s Prime model is under scrutiny: The retail giant faces a FTC lawsuit that could threaten its positioning as the ‘Earth's most customer-centric company.’
Chinese consumers’ cautiousness extended to 618 promotions: Sales growth slowed to its slowest rate since 2020, while JD.com, Alibaba, Pinduoduo, and others declined to release exact figures.
Target is expanding its next-day delivery radius: The move should allow the retailer to stay competitive with Amazon and Walmart.