Influencer marketing is getting more expensive. While rates vary based on factors such as the platform, the content type, and creator follower counts, the overall trend for pricing is up.
Sweetgreen sales beat expectations as workers head back to the office: The fast-casual chain is leaning into loyalty, menu enhancements, and automation to power profitable growth.
Eurozone retail sales contracted in March: Persistent inflation caused food sales volumes to drop 6.8% YoY, while non-food sales posted a smaller decline.
Uber and Instacart expand retail media offerings: Both companies are giving CPGs more advertising opportunities. (This article was written with the assistance of ChatGPT.)
Generative AI is the topic of the moment, and the dollars are following: Spending on AI-centric systems worldwide will jump to $154 billion this year from $121 billion last year, according to the International Data Corporation. If you’re not already using the tech, it’s time to get startedHere’s how retailers are using the AI.
This is part of the payment network’s small business program, which can help it diversify its revenues
It launched crypto transfers between Venmo users and through external wallets and exchanges.
Even after the retailer slashed many of the app’s rewards, convenience and brand loyalty sent the mobile wallet’s use soaring.
Mercado Libre more than tripled its net income in Q1: The company’s high-margin retail media business grew 62% YoY.
Shopify is exiting the logistics business: The company is selling its fulfillment assets to Flexport and Ocado to focus on its core ecommerce products and AI.
DoorDash and Uber Eats deliver solid results: That’s thanks to their strong customer retention, which will prove important if the economy worsens.
Shoppable media is gaining momentum as brands look for ways to narrow the gap between discovery and purchase. Just this month, Pinterest, NBCUniversal, Meta, and Yahoo announced shoppable media updates. From AI to QR codes, we dive deeper into these developments and why they may give companies an edge.
Interoperability between the markets pits geopolitical tension against India’s payments expansion bid
The mega-retailers want to offer the instant payments rail as an alternative to fee-laden cards
The partnerships let SMBs accept payments for their virtual services directly from the video platform
Nordstrom is shuttering its downtown San Francisco stores: Crime concerns have driven Whole Foods, Nike, and REI to close urban locations, while others attempt to address those issues without annoying customers.
Toys R Us’ revitalization continues with Mexico launch: The toy company is partnering with retailer El Puerto de México to open standalone stores and operate an ecommerce venture to capitalize on local toy demand.
Aldi will soon have more US stores than Albertsons: The grocer plans to open 120 locations this year as more consumers trade down to discount retailers.
Executives at Klarna and Block argue the legislation would add too much friction and create an unlevel playing field
New travel features will help Amazon better compete in the co-brand space and rack up volume.