It launched crypto transfers between Venmo users and through external wallets and exchanges.
Mercado Libre more than tripled its net income in Q1: The company’s high-margin retail media business grew 62% YoY.
Generative AI is the topic of the moment, and the dollars are following: Spending on AI-centric systems worldwide will jump to $154 billion this year from $121 billion last year, according to the International Data Corporation. If you’re not already using the tech, it’s time to get startedHere’s how retailers are using the AI.
Shopify is exiting the logistics business: The company is selling its fulfillment assets to Flexport and Ocado to focus on its core ecommerce products and AI.
DoorDash and Uber Eats deliver solid results: That’s thanks to their strong customer retention, which will prove important if the economy worsens.
Interoperability between the markets pits geopolitical tension against India’s payments expansion bid
The mega-retailers want to offer the instant payments rail as an alternative to fee-laden cards
The partnerships let SMBs accept payments for their virtual services directly from the video platform
Nordstrom is shuttering its downtown San Francisco stores: Crime concerns have driven Whole Foods, Nike, and REI to close urban locations, while others attempt to address those issues without annoying customers.
Aldi will soon have more US stores than Albertsons: The grocer plans to open 120 locations this year as more consumers trade down to discount retailers.
Shoppable media is gaining momentum as brands look for ways to narrow the gap between discovery and purchase. Just this month, Pinterest, NBCUniversal, Meta, and Yahoo announced shoppable media updates. From AI to QR codes, we dive deeper into these developments and why they may give companies an edge.
Toys R Us’ revitalization continues with Mexico launch: The toy company is partnering with retailer El Puerto de México to open standalone stores and operate an ecommerce venture to capitalize on local toy demand.
Executives at Klarna and Block argue the legislation would add too much friction and create an unlevel playing field
New travel features will help Amazon better compete in the co-brand space and rack up volume.
Both emerging technologies can help Mastercard stay ahead and avoid disintermediation
The Container Store embraces resale: Its partnership with thredUP will allow shoppers to resell gently worn items for shopping credit at The Container Store.
Simon Property Group’s strong Q1 earnings and bullish outlook underscore strength of top-tier malls: But economic turmoil could lead to a spate of class B and C mall closings as capital dries up.
Day one of the writers strike loomed over NBCU at NewFronts: There was no mention of the strike at Peacock’s advertising event while major shows are postponed.
Roku tries to keep up its Q1 momentum at NewFronts: The CTV service boasted higher reach than primetime network TV amid record cord-cutting.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss why retailers should be paying attention to generative AI and how brands and retailers can prepare for it. Then for "Pop-Up Rankings," we rank the top four most interesting examples of how retail is using generative AI. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Yory Wurmser.