Store visits to off-price retailers rose in April: The sector’s resilience is driving Macy’s and Nordstrom to expand their off-price banners.
Walmart lags behind Amazon in total ecommerce sales, retail media ad dollars, and retail subscriptions. But there may be ways for it to minimize the gap in certain areas, namely search and AI capabilities.
The EU is ramping up its efforts in an antitrust probe into Apple Pay. But the Big Tech firm’s loyal customers should shield it from potential fallout.
The European Central Bank is looking into greedflation as corporate profits rise: That has put CPG companies in the hot seat, as grocers and governments push back against persistent price hikes.
Starbucks workers’ unionization drive is beginning to slow: Employees at several stores have petitioned to leave the union as the company’s anti-union tactics and economic uncertainty take their toll. (This article was written with the assistance of ChatGPT.)
Google turns to generative AI to give shoppers a helping hand: The search engine aims to simplify consumers’ purchase decisions by arming consumers with more information.
European Parliament advised the ECB to abandon a CBDC launch, citing risks to financial stability. But that doesn’t mean it will.
The BNPL provider embarked on a full restructure to regain growth and achieve profitability
Leaning into high-demand features could help the issuer improve its positioning
The company will lay off 15% of its workforce as it struggles with profitability. But it faces an uncertain future with its biggest client
Best Buy is in a tough spot: Given the challenging market for consumer electronics, the retailer is revamping its membership program to try to boost loyalty and drive sales.
Luxury retailers remain bullish even as US demand slows: Shoppers in China, Japan, and Europe keep buying high-end goods.
Consumers are shifting spending to services as China’s post-lockdown economic recovery continues: But a full rebound is looking increasingly far off as confidence remains low.
TikTok promotes learning and automation at product summit: Simplicity is a big buzzword for TikTok this year, with automation at the heart of simplifying the ad creative process.
Acquiring a BNPL firm would help Revolut in its journey to becoming a super app
It benefited from increased volume in its key growth categories, like BNPL and Braintree
TD said the Clear card can help consumers facing high interest rates, but it may struggle to prove its competitive advantage
DNVB companies have multiple paths for growth: Warby Parker’s sales rise 12% in Q1 thanks in part to the company’s growing physical presence, while Allbirds’ turnaround focuses on differentiating its brand.