Eurozone retail sales contracted in March: Persistent inflation caused food sales volumes to drop 6.8% YoY, while non-food sales posted a smaller decline.
TikTok is going all-in on in-app purchases; Meta is focused on shoppable ads; and YouTube hopes to gain a competitive advantage through its strong creator relationships. All of this is happening as we forecast US retail social commerce sales will grow nearly 30% this year to hit $68.92 billion
To counter a 20% YoY drop in sales, Ford discounts its EV Mustangs. In the crowded EV market, competitors can stand out with lower prices or longer range.
CPG brands hike prices to pad their margins: Companies are leveraging data to minimize the share of consumers who trade down to less expensive options. (This article was written with the assistance of ChatGPT.)
Uber and Instacart expand retail media offerings: Both companies are giving CPGs more advertising opportunities. (This article was written with the assistance of ChatGPT.)
Canadians want hybrid healthcare services, too: Convenience and quick access to care matter even in a public healthcare delivery system. Would responses be different if Canadians had to pay out of pocket?
CVS lays out its healthcare vision: We examine how the retailer plans to integrate its healthcare services—and if another acquisition is forthcoming.
ChatGPT’s popularity, its impact on businesses, and potential for misuse are pushing governments and regulators to set limits. Where do they even begin?
Both companies are fighting to grab a larger share of digital ad spending growth.
While the platform’s ad-supported tier gains momentum, Netflix needs to beef up its targeting capabilities to win advertisers over. Meanwhile, viewers may be turned off by a heavy ad load and a crackdown on password sharing. But global growth shows promise for Netflix’s future.
Sweetgreen sales beat expectations as workers head back to the office: The fast-casual chain is leaning into loyalty, menu enhancements, and automation to power profitable growth.
Stripe can benefit from Uber’s global reach, while Uber can cut checkout friction for customers.
Kenyan contractors who were paid $1.50 an hour to build ChatGPT unionize: The workers want higher pay and benefits. It could contribute to pricier generative AI in the future.
Startup job market gains its footing as VC funding picks up: Despite economic headwinds and a tech skills deficit, companies are still hiring, with new startups snatching talent.
While US banking was in turmoil, UK banks generated solid revenue and profit growth amid climbing rates. That looks set to continue.
Digital channels make fraud easier, leaving lenders wrestling with costs, losses, and customer friction.
Fintechs and incumbents can capitalize on an underpenetrated Asia Pacific region ripe for growth.
Even after the retailer slashed many of the app’s rewards, convenience and brand loyalty sent the mobile wallet’s use soaring.
Speculation about which regional bank might fail next is rising as the Fed and Treasury balance policy moves.