The European Central Bank is looking into greedflation as corporate profits rise: That has put CPG companies in the hot seat, as grocers and governments push back against persistent price hikes.
Starbucks workers’ unionization drive is beginning to slow: Employees at several stores have petitioned to leave the union as the company’s anti-union tactics and economic uncertainty take their toll. (This article was written with the assistance of ChatGPT.)
Google turns to generative AI to give shoppers a helping hand: The search engine aims to simplify consumers’ purchase decisions by arming consumers with more information.
European Parliament advised the ECB to abandon a CBDC launch, citing risks to financial stability. But that doesn’t mean it will.
The BNPL provider embarked on a full restructure to regain growth and achieve profitability
Leaning into high-demand features could help the issuer improve its positioning
The company will lay off 15% of its workforce as it struggles with profitability. But it faces an uncertain future with its biggest client
Best Buy is in a tough spot: Given the challenging market for consumer electronics, the retailer is revamping its membership program to try to boost loyalty and drive sales.
Luxury retailers remain bullish even as US demand slows: Shoppers in China, Japan, and Europe keep buying high-end goods.
Consumers are shifting spending to services as China’s post-lockdown economic recovery continues: But a full rebound is looking increasingly far off as confidence remains low.
TikTok promotes learning and automation at product summit: Simplicity is a big buzzword for TikTok this year, with automation at the heart of simplifying the ad creative process.
Acquiring a BNPL firm would help Revolut in its journey to becoming a super app
It benefited from increased volume in its key growth categories, like BNPL and Braintree
TD said the Clear card can help consumers facing high interest rates, but it may struggle to prove its competitive advantage
DNVB companies have multiple paths for growth: Warby Parker’s sales rise 12% in Q1 thanks in part to the company’s growing physical presence, while Allbirds’ turnaround focuses on differentiating its brand.
US inflation dropped below 5% in April for the first time in two years: Falling grocery prices and easing services inflation gave consumers some much needed price relief.
TikTok delays US launch of TikTok Shop: The platform is struggling to onboard merchants as the threat of a ban looms.
Amazon to grow warehouse footprint, headcount in Europe: The retailer is seeking to stem persistent losses while tapping into growing demand. (This article was written with the assistance of ChatGPT.)
Last year, Overstock.com streamlined its business and focused solely on home furnishings and furniture. To court a more targeted audience, Overstock leaned on its first-party data to develop more personalized ad campaigns and employed brand ambassadors to showcase the company's ability to provide consumers with high-quality products at a reasonable price. We spoke with Angela Hsu, Overstock’s CMO, ahead of her session at CommerceNext in June.
The partnership is part of the BNPL provider’s operational overhaul and pivot to a fully white-label strategy