The European payments fintech hopes to appeal to businesses increasingly looking for unified commerce tools
Modern card issuers are turbocharging the issuer processor space by offering API-based, customizable card solutions for non-financial services companies. Mobile payment services, ecommerce marketplaces, and the gig economy are in their sights—along with $17.12 billion in issuer processing revenues.
Financial stress rises as high inflation, market volatility weigh on consumer confidence: Fifty-eight percent of US households are living paycheck to paycheck, including almost one-third of affluent households.
Target offers a year-long return policy for its private labels: That’s a very different approach from most retailers, which have made steps to clamp down on returns.
Internet use is growing the fastest in the Middle East and Africa, where about 80 million more people will go online at least once per month between 2023 and 2027, according to our forecast. Roughly 60% of the global population will use the internet regularly.
Walmart Connect looks to attract more self-service advertisers: Adding new creative partners to bolster self-service campaigns should help it attract more small- and medium-sized businesses to its platform. (This article was written with the assistance of ChatGPT.)
Retail media’s rise in popularity is being boosted by increasing ecommerce sales, a wide variety of ad formats, and established retailer-brand relationships. But an increasingly crowded space may have advertisers feeling overwhelmed, which could put a bit of strain on retail media’s growth.
The 15 biggest US ecommerce players aren’t a surprise (here’s looking at you, Amazon, Walmart, and Apple). User-friendly mobile apps, quick delivery, innovation, and converting sales are what turn retailers into ecommerce powerhouses. Here are the companies our analysts believe best exemplify those features within the 15 largest ecommerce players.
Consumers’ pullback in discretionary spending is having an outsized impact on Best Buy: The retailer’s comparable sales fell 10.1% year-over-year in Q1.
Moving away from retail can help it overcome growth roadblocks, while a look to China could signal what’s coming for the space
The tie-up gives Stripe a lucrative opportunity in the trending resale market—which may be better suited to weather an economic downturn
Target pulls LGBTQ-themed items ahead of Pride Month: The retailer succumbs to pressure after store associates experienced threats.
Supply chain stability and lower freight expenses help retailers’ margins: Abercrombie & Fitch, Kohl’s, and Urban Outfitters all posted surprising profits in Q1.
Adoption of digital wallets is approaching critical mass, but they won’t replace physical wallets anytime soon. However, a super app may be on the horizon, especially if companies can crack the ability to integrate payments with shopping services.
Alibaba and JD.com, China’s other ecommerce giants, never gained substantial traction in the US, partly due to their lack of spending to acquire customers. US-based Wish spent heavily on digital ads and rode the pandemic-driven ecommerce boom to an IPO—but has since lost its way.
Some retailers are testing digital freezer screens that act as real-life pop-up ads, while others are leaning on in-person events to build brand awareness. Digital kiosks combine in-store sampling, promotion, and digital media—a win-win for retailers and brands alike.
European household budgets are under pressure: Food prices are soaring, which is forcing consumers to make tough choices about where to spend their money.
Increasingly cost-conscious consumers pivot away from restaurant delivery: Nearly half of all consumers have picked up their carryout orders themselves rather than have them delivered.
The digital wallet is already the top P2P service among teens. Its youth-facing products could help monetize the app
Canada has the second-highest average interchange rate globally.