TikTok will launch its ecommerce platform in August: The platform will sell goods made in China to US consumers, following in the footsteps of Shein and Temu.
UPS, Teamsters narrowly avoid a strike: Workers wrung significant concessions from the delivery company, including pay increases and more union jobs.
Despite rising delinquencies, rates are hovering around pre-pandemic levels
The card network risks damaging consumer and merchant trust
The digital yuan reached $250B in transactions in 18 months, a fraction of broader retail volume despite a tranche of adoption incentives
Amazon is the biggest retail media network in the US, accounting for three-quarters of retail media revenue share, per our forecast. But its limited grocery footprint leaves an opportunity for competition. Here are recent updates in grocery retail media, and a prediction on the future of in-store retail media.
Walmart is reaping the benefits of Walmart+: And it has clear opportunities to unlock even greater growth.
Walmart was the biggest US retailer by US sales in 2022 with nearly $500 billion in sales, more than double the size of runner-up Amazon, according to the National Retail Federation.
Carhartt will expand its resale program nationwide later this year: The retailer is hoping to get a piece of the $110.92 billion market for secondhand goods.
Student loan payments could take a $100-billion bite out of retail sales this year: While consumers across generations will feel the pinch, older consumers face the biggest hit to their spending power.
Snapchat's new AR tools tap into Women's World Cup interest: Consumers are taking notice, too.
Most consumers use online marketplaces to find products, but the number who are browsing in-store or on social media is growing. Retailer websites are where customers go for product research. And when it comes to purchasing, price and delivery options are the most important factors.
While consumer spending remains strong, the issuers face an industry-wide trend of rising delinquencies and net charge-off rates
The launch of the real-time payments system could disrupt the US payments landscape, but it may be a couple of years before its real ramifications are clear
The fee was supposed to help Toast become more profitable, but given widespread backlash, the provider will need to find new ways to bump up profits
On today's episode, we discuss whether Threads can keep up its momentum, if TikTok Music can compete in the music streaming world, how engagement with the Women's World Cup will look, what to make of the Burger King rebrand, whether US consumers actually shop on social media platforms, who invented the first-ever hybrid car, and more. Tune in to the discussion with our analysts Ross Benes, Blake Droesch, and Max Willens.
More fines for Apple and Amazon: Spain’s CNMC fines Amazon and Apple $218M for colluding to restrict online sales. Regulation against monopolies is becoming more aggressive, but can it change how companies do business?
Lowe’s expands same- and next-day delivery options: The home improvement retailer is leaning on a partnership with OneRail to offer shoppers faster fulfillment.
Grocers face no shortage of challenges: Retailers ranging from Walmart to Costco to Dollar General are chipping away at supermarkets’ share of food dollars by focusing on value.
Warm weather and promotions gave UK retail sales volumes a boost in June: Department stores, home goods retailers, and grocery stores saw the biggest increases, although shoppers continue to be highly price-conscious.