More eyeballs = more sales: That’s why Amazon launched an “Amazon Live” shopping channel on Prime Video and Freevee and added a mobile integration to buy the featured items.
Aldi retrofitted an existing store with checkout-free technology: The retailer wants to see if the frictionless shopping experience clicks with shoppers.
On today's podcast episode, in our "Retail Me This, Retail Me That" segment, we discuss the main friction points at the point of sale and potential sticking points to adopting easier payment systems. Then for "Red-Hot Retail," our analysts give us four spicy predictions about the future of retail payments. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and David Morris.
78% of consumers consider sustainability when choosing a product or retailer: But at the register, that doesn’t always mean they choose the greenest options. 78% of consumers consider sustainability when choosing a product or retailer: But at the register, that doesn’t always mean they choose the greenest options.
Verishop bought data analytics firm Trendalytics: The move aims to help brands get a pulse on rapid shifts in consumer behavior trends.
Discounts are the leading reason consumers currently participate in a loyalty or reward program, cited by 48% of US adults, according to October 2023 data from Merkle.
But the data suggests a full credit card recovery will likely take longer than expected
It’s hoping new tools will make its POS tech more competitive as verticalization heats up
Republicans want to revoke the CFPB’s fee cap. Their resolution has slim chances of passing—but that could all change after November
BNPL is still a small retail payments player. While 73% of US consumers said they’d heard of BNPL in 2022, just 5.8% said they’d used it at least once over a 30-day period. US BNPL value will hit $80.77 billion in 2024, per our forecast—just 1.1% of total US retail sales.
Get the correct answers to our Big Question quiz in the Banking & Paymentsvnewsletter from Insider Intelligence.
JPMorgan Chase launched its Chase Media Solutions ad unit earlier this month. The venture looks a lot like a retail media network (RMN), with one important distinction—Chase is not a retailer. But because it’s monetizing purchase data, Chase Media Solutions operates a lot like an RMN.
A quarter of US shoppers are influenced to buy products via ads on retailers’ websites, according to new research from Intellias, as reported by Search Engine Land. This is compared with just 13% of consumers who are influenced by ads on third-party marketplaces and 14% who buy after seeing social media ads.
Retail sales keep outpacing expectations: A sizable segment of consumers shrugged off inflation as retail sales rose 4.0% YoY in March.
Gopuff looks to diversify its revenue streams: The company launched a platform to allow brands to fulfill ecommerce orders on their own websites.
Sales growth for cosmetics and beauty will increase at more than twice the rate online than through physical retail channels this year, according to our February 2024 forecast. While ecommerce is stealing market share, its sales only tell a portion of the buying story. Physical stores are still key to discovering beauty products and brands, finding the right shades, and testing formulations—and Walmart is making use of its omnichannel footprint to take advantage. Here’s how.
Brand loyalty is waning: Half of consumers say deals have become a much more important factor when choosing where to buy retail or grocery items.
Nike shifts gears: Recognizing that its D2C push failed to deliver the desired results, the company is now “investing heavily” in its wholesale partners.
After spending 2023 making improvements to product inventory and the customer experience, Rent the Runway is turning its attention back to marketing by expanding into new channels and tailoring its content.
Consolidation is ramping up as the higher-rate environment proves difficult for some business models