Digital transformation has upended the global remittance market, thereby pressuring consumer pricing, reshaping the competitive battlefield, and creating new playbooks for traditional money transfer operators.
Retailers and restaurants struggle to fill positions: Over 36% of companies said hiring has gotten harder over the past year.
UPS workers are prepared to strike if contract negotiations drag on: Union members are holding out for better pay and job protections.
As investment capital dries up, Amazon aggregator Razor Group swoops in: The company is capitalizing on current market conditions to absorb competitors and drive greater consolidation in the aggregator space. (This article was written with the assistance of ChatGPT.)
“The lines between physical and digital experiences are becoming blurred, and businesses need to resource and cater to both adequately,” said Diana Haussling, vice president and general manager of consumer experience and growth at Colgate-Palmolive.
Walmart to sell Bonobos as digitally native D2C brands lose their luster: WHP Global and Express will acquire the brand for $75 million to shore up the latter’s business.
Higher-income consumers feel the pinch of soaring inflation: US retail sales growth slowed to 2.9% year-over-year in March as spending on big-ticket items slowed.
YouTube plans to roll out its affiliate program to all creators: TikTok is also testing a similar program as social commerce remains a crucial revenue opportunity.
The deal is a sign that Intel is serious about pivoting into the foundry business. Having Arm as a client could make Intel one of the most competitive foundries in the world.
The UK’s cost of living crisis takes a bite out of Tesco’s profits: The company’s profits halved from roughly £2 billion to £1 billion in fiscal 2022 / 2023.
While retail as a whole is looking for ways to deploy generative AI to support operations and enhance customer experience, fashion ecommerce is likely to see some of the biggest impacts.
The Meta-owned company's determination to overcome regulatory hurdles could signal bigger international ambitions
Adding RTP-powered Instant Payouts to its Transfer product helps position Plaid for FedNow’s July launch.
Rent the Runway improved its value proposition: Adding an extra item to every shipment helped the company reach 141,205 active subscribers, the highest count in its history.
US consumers' appetite for luxury is beginning to fade: But rapidly recovering demand from Chinese consumers will allow LVMH, Prada, Kering, and others to maintain their strong momentum.
US retail sales will hit $7.334 trillion this year, according to our forecast, a growth of 3.3% YoY. “Where we’re headed is something of a new normal of slower growth,” said our analyst Zak Stambor.