Walmart courts affluent audiences to make up for shoppers trading down: But the retailer’s attempts to grow its Walmart+ membership base look increasingly desperate.
Peloton hopes a complete overhaul will help reverse its fortunes: The fitness company is cutting nearly 800 jobs, raising prices, and outsourcing key functions in a drastic attempt to reach profitability.
Our Retail Reimagined podcast team talked connected fitness this week. Here are the highlights.
Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.
More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.
Kohl’s makes a move to attract holiday shoppers: The retailer is expanding same-day in-store pickup options to all locations, but the move likely won’t be enough to reverse its slide.
Ferragamo wants to reach Gen Z and younger millennial consumers: That’s why the luxury brand is partnering with Farfetch to upgrade its ecommerce and omnichannel capabilities.
American Eagle’s logistics business is about to take off: The retailer officially launched its nationwide delivery service this week as it looks to take on Amazon.
Consumers prioritize dining out: They are more likely to pull back on other purchases such as new clothes, travel, and gym memberships before they reduce their restaurant spending.
Our 2022 US Retail Mobile App Features Benchmark report analyzes the most in-demand retail mobile app features and ranks the top 10 leading multicategory retailers based on their mobile apps.
In our 2022 US Cash-Back Credit Card Emerging Features Benchmark report, we analyze the most in-demand features an issuer can offer to attract customers.
Emily Hosie, founder and CEO at Rebelstork, created a resale platform for gently used baby gear and products.
Payments firms may see this as an opportunity to snap up companies, which may help boost business efficiency.
Finally, some good inflation news: The US consumer price index didn’t increase in July, which could restore some faith in ad spending.