US retail sales grew 0.9% in April: The data suggest that inflation and rising interest rates haven’t dampened US consumers’ desire to spend.
COVID-19 lockdowns slowed JD.com’s growth rate in Q1: However, the retailer still beat expectations as its revenues grew 18% thanks in part to its burgeoning logistics business.
YouTube again recognized for brand safety in advertising: MRC accreditation shows effectiveness in making sure ads don’t appear alongside inappropriate content.
Asian consumers remain an opportunity for brands: A new Nielsen study suggests on-screen representation is on the rise but remains lacking.
After doubling its transaction volume in its fiscal Q3, Affirm wants to focus on turning a profit.
Consumers report gas, groceries, and dining as their top inflation pain points: A new report finds that price increases in those three sectors affect shoppers the most.
Klarna Virtual Shopping narrows the gap between online and in-store shopping: Shoppers can now interact with in-store staff to receive personalized recommendations and real-time customer service.
Even fast fashion isn’t immune to the ecommerce slowdown: Shein, the largest fast-fashion player in the US, is seeing growth slow as shoppers revert to pre-pandemic behaviors.
Noncard crypto payments are increasingly available to consumers and may also be attractive to merchants.
China’s zero-COVID policy hinders retailers at home and abroad: The mitigation measures put the brakes on both retail sales and manufacturing, which could have long-term implications.
Ad networks are becoming a no-brainer for retailers: Grocery delivery startup Jokr is launching an ad platform to help its struggling business.
The new offering connects online shoppers with in-store retail associates and can help attract merchants to Klarna.
Food delivery workers take action to secure higher pay: Unprecedented strikes by Delivery Hero and Deliveroo drivers in Dubai underscore the challenges workers face amid rising fuel and living costs.
Instacart takes the first step towards an IPO in an uncertain market: But the company’s growth prospects are tempered by strong competition and changing grocery shopping habits.