The card network is hoping rewards will be enough to finally make inroads in the debit card industry
It added a parking feature to its payments platform, Mercedes pay
The main factor holding back mobile wallet bill pay growth is security concerns
Adding mobile plans to existing Amazon Prime subscriptions has the potential to entice millions of wireless customers looking for a cheaper alternative.
The firm is going head-to-head with Amex and Chase ultra-premium cards and preparing to invigorate spending.
Ad spending growth is an illusion: Dentsu downgrades its 2023 ad spend growth forecast due to macroeconomic factors and inflation.
Though we’ve downgraded our retail media forecast, we anticipate the channel will experience double-digit growth through 2027. “I don’t think it’s an exaggeration to say that retail media is one of the most important and potentially most transformative ad spending channels in media right now,” said our analyst Max Willens.
Walmart sees growth opportunities regardless of the macroeconomic environment: The retailer looks to boost its international sales, improve its digital presence, and expand its retail media business.
West Coast dockworkers escalate protests as negotiations with employers drag on: Walkouts and labor shortages led to slowed or suspended port operations on Friday.
GetYourGuide and Hostaway score massive funding rounds as leisure travel demand holds up: But industry profit margins are under pressure as business travel remains below prepandemic levels.
Consumers use holidays as an excuse to splurge: Shoppers are expected to shell out a record $22.9 billion this Father’s Day. (This article was written with the assistance of ChatGPT.)
Retail media is moving from its initial state (search and on-site display ads) up the funnel toward social, open web, and connected TV. As retail media networks move into their next era, they should leverage partnerships to explore new channels, said Evan Hovorka, vice president of product and innovation at Albertsons Media Collective.
Adding non-payments uses could make the wallet more convenient, helping Google pull new users and grab spending
More of your customers are LGBTQ+ than ever before: Recent studies highlight a surge in global identification, particularly among Gen Zers.
This year, US consumers will pay over $35 billion in retail membership fees, according to our forecast. Some 53% of that will go to Amazon, making it by far the biggest player.
Instacart and GoPuff struggle to deliver growth and profits: Inflation is eating into consumers’ spending power and causing them to adjust how they shop for groceries.