The acquisition will help the card giant grow its presence in South America
The “gift card” keychains replace single-use cards and can encourage repeat use among recipients
As more retailers recognize the value of leveraging their first-party data, the global retail media market will continue to expand and innovate. While the US leads the charge with $45.15 billion in spending this year, according to our forecast, other regions are showing similar patterns. In fact, Latin America is only four to five years behind the US, said our analyst Matteo Ceurvels on our “Behind the Numbers: Around the World” podcast.
US ecommerce marketplaces will account for $384.57 billion in sales this year, a growth of 10.2% over 2022, according to our forecast. That growth will accelerate through the end of our forecast period in 2027, at which point sales will surpass $600 billion. “Amazon has really written the playbook for operating a successful marketplace in the US,” said our analyst Sky Canaves. Here’s a closer look at how the three biggest US ecommerce marketplaces stack up.
China’s rebounding luxury market will give global sales a boost: Personal luxury sales are forecast to grow between 5% and 12% this year.
US retail sales are falling back to Earth: After years of massive growth rates, we expect US retail sales to increase 2.9% this year.
Kroger brings retail media in-house: The grocer ended a yearslong partnership with Microsoft in a move that won’t be the last of its kind.
Creators descend on the Croisette: Influencer marketing spending is increasing as ad budgets remain tight.
Coupled with other loan and banking updates, the card can help Square tighten SMB relationships
WeChat Pay and Alipay users can now link foreign credit cards to their platforms
The company launched an AI-powered optimization engine to help merchants maximize efficiencies and savings in the payments flow
On today's episode, we discuss the implications of the Federal Trade Commission thinking Amazon tricked customers into signing up for automatically renewing Prime subscriptions, whether it makes sense for companies to force livestream shopping on Americans, if speciality stores really work, the impact of Facebook and Instagram restricting news access in Canada, whether reduced inflation can save the day, what a real work-life balance looks like, and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian, vice president of Briefings Stephanie Taglianetti, and analyst Evelyn Mitchell-Wolf.
Bed Bath & Beyond is back (in digital form): Overstock will soon use the bankrupt home goods retailer’s banner for its digital presences after buying the company’s intellectual property.
H&M will sell more third-party brands to head off competition from Shein: The fast-fashion company is the latest in a long line of retailers to turn to marketplace sales for growth.
Despite inflation, US consumers are traveling this summer: While cutting back on goods such as luxury purchases, American are willing to shell out on European vacations.
Nike’s Q4 revenues benefited from strong growth in China and D2C: But the company’s inventory struggles continued to weigh on profits.
JPMorgan’s Max Neukricken discussed the importance of keeping up with payments innovation to ensure customer satisfaction
Businesses want the same ease of consumer payments for business payments, Bank of America’s Alexandra Johnson said at Fintech Connect North America
Shein made an unforced error: Its attempt to improve its public image by inviting influencers to its 'innovation center' only drove more scrutiny as it pursues an IPO.