The funding round shows there are opportunities for fintechs serving North Africa’s substantial underbanked population.
It wants to lower the amount credit card issuers can charge in late fees—which would hurt a key source of issuers’ revenues.
Amazon seems poised to beat its lowered expectations: While the retail giant predicted its slowest-ever holiday season growth, analysts expect the retail giant’s Q4 sales still rose 6% YoY.
FedEx cuts 10% of management staff as consumer demand softens: The delivery company is the latest to resort to layoffs after rapid expansion during the pandemic.
Not everyone is a fanatic about livestream shopping: Fanatics Inc. announces plans for the sports memorabilia market, but US live commerce market remains underdeveloped.
Amazon’s revenues rose 9% in Q4: While the company’s highly profitable retail media business continued its upward trend line, ecommerce sales fell 2% YoY.
Estée Lauder is betting on Chinese tourists to help return it to growth: But recession fears in the US and Europe could hinder a full recovery.
Magic Spoon eyes offline growth: The D2C cereal brand, which first became available at some Target stores last summer, will soon be on shelves in more than 6,800 stores nationwide.
Breaking down Amazon’s layoffs: Its 18,000 job cuts are spread across a variety of business units and locations and could indicate where Amazon plans to pull back on investment this year.
Returns have always been expensive for retailers, but right now they’re at an all-time high. “We’re seeing a lot of the fast-fashion retailers like Zara and others like J.Crew, and Abercrombie & Fitch starting to charge return shipping for online orders,” said our analyst Sky Canaves. But there’s more to it than charging. Here are six strategies for reducing returns.
It’s applying for state regulatory licenses—but it still needs to deal with other hurdles standing in the way.
Some 58% of Association of National Advertisers (ANA) marketers used retail media networks last year, according to a report from the ANA. In the next year, expect to see more movement from marketers outside of consumer packaged goods as brands look to take advantage of the recession-friendly ad space.
Travelers may want to let loose on vacation, but they want their premium travel credit cards to be locked down tight. The most in-demand feature of these cards is free identity theft insurance, with 53% of prospective users in the US saying it was “extremely valuable” to them, according to our “US Premium Travel Credit Card Emerging Features Benchmark 2022” report.
Grocers are less willing to put up with price hikes as inflation eases: Whole Foods is the latest retailer to ask suppliers to lower prices to relieve pressure on consumers.