A slew of payment providers are ready to integrate its capabilities, reflecting skyrocketing softPOS demand
We expect back-to-school sales to rise 2.9%: While that’s a far cry from rates over the past two years, it is markedly higher than in 2019.
Retail sales in Brazil fell 1.0% YoY in May: We expect sales to grow 4.4% this year.
Burberry, Brunello Cucinelli, Swatch Group benefit from recovering luxury demand in China: But softening sales in the Americas pose problems for all but the very top tier of designer brands.
Now, even powered-off mobile phones can serve as a CBDC payment device, making the digital yuan more accessible than ever
An integration with Stripe ensures that businesses get paid upfront so they don’t miss out on potential revenues
Production and mobile payments go hand in hand for Apple: The company is expanding its Apple Pay services in Vietnam, marking its continuous growth in emerging markets. This mirrors potential plans for expansion in India.
Uniqlo owner Fast Retailing reported a surge in overseas revenues: The strong results drove the company to raise its full-year outlook.
Price increases caused PepsiCo, Conagra sales volumes to drop: CPG companies have to tread carefully as private label sales gain share.
The IPO market is beginning to thaw: A years-long freeze is starting to change as Liquid Death and Skims look to go public.
Amazon had another record Prime Day: While shoppers spent enthusiastically, their price consciousness was on full display as BNPL usage, comparison shopping increased.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss why beauty is doing so much better than the rest of retail, how we've seen the "lipstick effect" play out, and how beauty shopping habits are changing. Then, for "Pop-Up Rankings," we rank our top four beauty brand marketing strategies other retailers can learn from. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Carina Perkins.
But hurdles like technological resiliency and interoperability still stand in the way of mass adoption
Adyen joined the ranks of providers launching Tap to Pay for both Android and iPhone devices
The bank faces $250 million in fines and reimbursements for illegal business practices, which may dampen consumer trust
Arecession would put more than $200 billion in credit card issuer revenues at risk. Issuers must be fully prepared for weakened consumers hobbled by unemployment, depleted savings, and extra debt payments. And they should prepare for the toll that deteriorating credit card spending and loan risk could take on charge-off rates, merchant fee revenues, and interest income
Roku and Shopify team up on shoppable ads: Viewers will be able to purchase items from Shopify merchants directly from their TVs.
The US economy has positive momentum: Wages are rising faster than inflation, which eased to its slowest pace in over two years in June.
Domino’s will soon list its menus on Uber Eats and Postmates: The pizza company sees the apps as a means to drive incremental revenues.