Despite a tough few months, Stripe is willing to invest in crypto. Industry rivals may need to take note.
The Amazon of Latin America has a $3.6 billion plan: Mercado Libre will invest 19 billion reais in Brazil, in part to fund its fintech arm—which poses an enormous threat to the region’s banks.
Amazon doubles down on fast delivery: The retailer uses AI to reduce the distance it takes to fulfill orders, and prioritizes items that can be delivered quickly in search results.
Just 52% of consumers trust retail reviews: And while low ratings quickly turn customers off, there are steps retailers can take to leverage reviews to their advantage.
Alibaba’s Taobao will invest in livestreaming, merchant tools as growth slows: The company aims to reclaim market share as oversight from Beijing eases, but economic difficulties continue to pose a challenge.
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.