As consumer privacy concerns increase, so do asking prices for firms that enable first-party data-based targeting: That’s why TripleLift is acquiring 1plusX for $150 million.
Nike is entering a new phase of its D2C strategy: The company has cut its wholesale accounts in North America by more than 50% over the past four years.
The percentage of US adults who lacked savings to cover a full month of basic expenses rose to 29.0% in January, up from an already high 22.3% the previous month. This figure had hovered above one-fifth since June 2021, when states began terminating the expanded federal unemployment benefits that had helped many weather the pandemic.
A giant leap for robot-run factories: Ford’s new technology lets robots operate 3D printers making auto parts, boosting production 24x7 while human workers stay home—perhaps permanently.
GM raises its stake in Cruise autonomous service for possible spin off: Buying out SoftBank’s equity ownership in AV startup Cruise gives GM more latitude to take the company or structure it as a separate ride-hailing company
Auto and parts and food and beverage will be the fastest-growing ecommerce categories; both will see double-digit growth but from a relatively small base.
Alcohol ecommerce sales are growing, but shoppers are fickle: Instacart is the top alcohol ecommerce retailer for now, but lack of customer loyalty makes its position tenuous.
DC’s attorney general puts Grubhub’s practices under the microscope: He filed a suit that accuses the company of charging hidden fees and using deceptive marketing tactics during the pandemic.
Boots inches closer to a sale as it seeks to reinvent itself: Amid a changing retail landscape, the pharmacy chain hopes new ownership will help it shake off its pandemic blues.
As Fresenius Health Partners, Cricket Health, and Interwell Health merge to curb kidney care costs, we detail how interoperability will be a physician barrier.
A new bill targets acquisitions, but could struggle to get passed: Democrats are backing an antitrust measure that would let them block mergers of over $5 billion.
Fear is a great motivator, even in the metaverse: Accenture has launched a business group aimed at brands that don’t want to miss out on the metaverse’s commercial opportunities.
“The Batman” is the latest superhero flick to soar domestically: The film brought in $300 million in North America and had an underwhelming Chinese release.
New challenges for Russia’s tech émigrés: Big Tech closed its offices, and thousands in the industry have fled. Financial isolation and anti-Russian sentiment could impede their attempts to restart businesses.
Being offline can be deadly: The coronavirus pandemic showed just how high the stakes are when it comes to internet access. To end digital disparities, the internet must become a public utility.
Funding continues to pour into ecommerce technology providers: CommerceIQ, which automates retail ecommerce management, raised $115 million less than a year after raising $60 million.