The card network is said to have started automatically enrolling merchants in its BNPL program. But some providers have financial concerns and have opted out.
In December 2021, Insider Intelligence analysts published their top five retail trends for 2022, detailing our predictions for the upcoming year. But 2022 has been anything but predictable. In this Analyst Take, we revisit those trends to find out what’s changed, what’s stayed the same, and how we’re thinking about five of retail's biggest trends amid this era of uncertainty.
Walmart courts affluent audiences to make up for shoppers trading down: But the retailer’s attempts to grow its Walmart+ membership base look increasingly desperate.
Peloton hopes a complete overhaul will help reverse its fortunes: The fitness company is cutting nearly 800 jobs, raising prices, and outsourcing key functions in a drastic attempt to reach profitability.
Kohl’s makes a move to attract holiday shoppers: The retailer is expanding same-day in-store pickup options to all locations, but the move likely won’t be enough to reverse its slide.
Ferragamo wants to reach Gen Z and younger millennial consumers: That’s why the luxury brand is partnering with Farfetch to upgrade its ecommerce and omnichannel capabilities.
American Eagle’s logistics business is about to take off: The retailer officially launched its nationwide delivery service this week as it looks to take on Amazon.
Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.
Consumers prioritize dining out: They are more likely to pull back on other purchases such as new clothes, travel, and gym memberships before they reduce their restaurant spending.
More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.
The RealReal’s worker shortage is hurting its ability to grow: The resale platform missed Q2 revenue expectations due to lack of inventory, while its labor-intensive model could complicate its efforts to break even by 2024.