It launched Tap to Pay on Android a year after it signed on to deploy Apple’s Tap to Pay on iPhone—helping feed demand for softPOS and contactless payments.
AR is rapidly becoming a need-to-have for retailers: Over seven in 10 US adults find AR features helpful when making an online purchase.
Consumers kept spending even as inflation ticked up in January: That’s likely to push the Fed to keep raising interest rates, which is why retailers have modest expectations for the year ahead.
Mercado Libre closed 2022 with record gains in sales: Strong performances in Brazil and Mexico drove the Latin American ecommerce giant’s gains.
Spreetail raises $208 million: The ecommerce logistics and channel management vendor works with over 500 brands to drive ecommerce sales on platforms such as Amazon and Walmart. (This article was written with the assistance of GPT-3.)
“It’s really hard when people don’t know what it is that you stand for. Then you ultimately stand for nothing, and that’s when your sales suffer,” our analyst Zak Stambor said on our “Behind the Numbers: Reimagining Retail” podcast.
Gen Z adults are most likely to try new brands: But fading brand loyalty and longer paths to purchase mean retailers will have to work harder to earn their patronage.
The US is now Klarna’s largest revenue market thanks in part to its app solutions, the Klarna Card, and merchant-facing marketing tools.
National news organizations losing credibility among US consumers: Study shows concern about rising bias in media reporting.
Emergency SNAP benefits expire in 32 states next week: That could result in a significant loss for grocers like Walmart and Kroger since SNAP spending can account for a significant share of sales.
Alibaba’s profit skyrocketed 69%: That’s largely a reflection of the company’s increased focus on its bottom line.
If the “Retail Media 1.0” era was primarily about search-driven ecommerce, then Retail Media 2.0 (with credit to Peter Moustakerski) will be about moving up the funnel and across retail channels
The total value of contactless payments made with UK Barclays cards surged nearly 50% YoY thanks to regulatory changes and broader acceptance.
There’s no stopping the retail media juggernaut. At $45.05 billion in US spending in 2023, it’s already far ahead of connected TV and closing in on traditional TV.