It’s buying a banking license and using its funding to build the tech behind its operations, laying the foundation for a super app.
Has Amazon Prime hit a wall? Stagnating user growth in the US is hampering the ecommerce giant’s growth potential.
Google is proposing concessions to avoid antitrust concerns: One idea to divide up portions of its ad business may not be enough to appease the DOJ.
Gap faces a difficult road ahead: The retailer fired CEO Sonia Syngal and said it expects its Q2 operating margin to be zero to slightly negative.
Kohl’s shakes up its merchandising strategy: "Discover @ Kohl’s,” a rotating selection of emerging, established, and diverse-owned brands, is now available at select stores and online.
This year, Amazon will see $12.52 billion in Prime Day sales worldwide, per our estimates. The US will account for more than 60% of Prime Day sales, but outside of the US, sales growth will be stronger as Amazon brings the shopping event to more international markets.
Amazon exerts enormous pressure on line workers: The retailer closely monitors workers’ performance and admonishes those who fall short of its expectations for speed and accuracy.
The streaming advertising race just got tighter: A partnership between Disney and The Trade Desk could reshape the streaming landscape.
Prime Day swoops in to fill the personal data vacuum: The two-day sales event is a chance for Amazon to eat up more of the digital ad market.
T-Mobile’s App Insights is a learning moment for advertisers: The new tracking program has been called creepy as consumers protect their personal data.
Twitter’s value topples: Elon Musk withdraws from the $43.4B deal and causes a $2.5B drop in Twitter’s market value. A lawsuit could produce a range of possible outcomes for both parties.
Automakers reel in ad spending as the economy tightens: TV spend saw a major dip in June but has opportunities to recover.
Tesco pushes back against Kraft Heinz price hikes: The move could resonate among shoppers struggling with ballooning grocery costs, but might give competitors an opening to steal market share.
Kroger’s retail media ambitions enter a new phase: Pacvue releases its third-party solution for optimizing, automating across the grocer’s digital ad inventory.