For most internet users in the US, online orders typically come in two to three days—a delivery time popularized by Amazon’s Prime program. Just 3% of internet users are used to same-day delivery, which is increasingly offered by nongrocery retailers as well.
This week, our Reimagining Retail podcast crew talked about which retailers had the biggest opportunity in terms of sustainability as a follow up to our newly released “US Retail Sustainability Perceptions Benchmark 2022.”
Hot inflation and a tougher climate for startups is giving BNPL firms a new opportunity with new risks.
Tesco’s digital OOH advertising is a competitive advantage: Its sophisticated shopper marketing should serve as a counterbalance against slowing UK grocery sales.
Streaming hits a major milestone: Time spent streaming beat out broadcast and cable for the first time ever last month.
China blasts $52B CHIPS Act: Beijing is calling out the US’ efforts to boost chipmaking, citing violation of fair market practices. Manufacturers are caught in the middle of an intensifying conflict.
Big Tech rolls up red carpet for talent: Amid a growing layoff and belt-tightening trend, Microsoft’s pay raises disappoint, with some workers vowing to leave. Smaller, more frequent raises could pacify.
Energy is manufacturing’s Achilles’ heel: A record heatwave is hammering China’s energy sector, shuttering a crucial manufacturing hub. It’s part of a global trend that could become a year-round crisis.
Airbnb’s Minority Report: Preemptive tech scrutinizes renters to determine if they’re risky. The tools reportedly reduced unauthorized parties in Australia by 35% but could alienate some customers feeling discriminated against.
Six years after Goldman launched its digital bank Marcus, we review how it’s faring and what its future could look like.
Columbia Bank is one of the first to make changes. But the rationale likely hinges on customer experience, not regulatory pressures.
Since performance isn’t an option, they’ll need to focus on the growing demand for personalization and digital features.
Retail sales stay steady in July as consumer spending defies pundits’ pessimism: Retailers benefited from falling gas prices and a Prime Day boost, even as inventory woes ate into profits.
High real estate prices lead homeowners to invest in home improvements: Lowe’s and Home Depot continue to see strong demand from both DIYers and professionals.
This should be off-price retail’s moment: But TJX Maxx and Marshall’s reported declining sales and store visits in Q2 as inflation curbed demand for discount goods.
Meta doubles down on Reels: The tech giant is looking to spur more engagement across both of its social platforms.