FedEx says volumes are lower than expected going into the holiday season: But UPS anticipates a peak later in the year as shoppers return to stores and supply chain concerns fade.
The company’s gross merchandise volume surged 62% YoY thanks to a boost in active customers and merchants.
The early results are in: Foot traffic saw increases week over week between September 19 and October 16, suggesting the holiday season may have kicked off earlier in-store, per Placer.ai.
Retailers focus on delivery certainty rather than speed: Saks Off Fifth is the latest retailer to offer shoppers a specific delivery date.
Consumers’ holiday shopping habits have changed: While 84% of shoppers say sales are a priority in gifting decisions, only 47% plan to shop on Black Friday.
On today's episode, we discuss what to make of the apparent turnaround in Amazon's online store sales growth, why Amazon's ad business stands out, and what to expect from the ecommerce giant in Q4. "In Other News," we talk about the secret to returns convenience and how much people will be shopping in stores this holiday season. Tune in to the discussion with our analyst Andrew Lipsman.
Adidas’ new CEO Bjørn Gulden has his work cut out for him: The sportswear company lowered its outlook for the fourth time this year as it struggles to move forward without Yeezy.
Denied credit due to low credit scores, many UK consumers are turning to more expensive options to weather the cost of living crisis.
Fifth Third Bank launches 1% Cash/Back card to attract consumers looking for interest-free lending: But it’s up against widely available 2% cash back cards in a highly competitive industry.
The Fed reports increased consumer borrowing: Credit card balances are rising as consumers struggle with inflation and other economic challenges.
A new tax rule, which requires digital payment apps to report business payments over $600 to the IRS, doesn't apply to Zelle.
As ecommerce growth slows, Shopify hedges its bets: The ecommerce platform is enhancing its lending services, seller tools, and enterprise solutions as part of its “everything but the kitchen sink” growth strategy.
Popularity with Gen Z isn’t enough to stop a US reorg at TikTok: With ad sales slowdown looming, the company is shuffling leadership and hoping social commerce moves pay off.
Retail media is one of the hottest advertising and retail topics of 2022. Why? For starters, it’s growing—and fast.
Many US companies are cutting their investments in China: The country’s COVID-related lockdowns have led many retailers and brands to shift manufacturing elsewhere to avoid disruptions.
Gen Z shoppers are ready to splurge on holiday purchases: But financial concerns remain at the forefront as consumers turn to sales and BNPL to stretch their budgets.