Amazon pauses corporate hiring: The freeze is the latest in a series of moves to cut costs in the wake of slowing sales.
US ecommerce holiday sales will increase by 2.5% this year, an underwhelming figure compared with 8.6% growth in 2021 and a 33.0% surge in 2020.
Here’s the bad news: Over half (56%) of consumers say they’re more likely to buy from a brand with a loyalty program even though only 36% redeem their rewards more than once a month, according to a study by Salesforce.
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MoneyGram app users can now buy, sell, or hold cryptos. Here’s how that can help drive engagement and boost its digital remittance business.
Malls are becoming less relevant to the overall retail landscape: While top players like Simon continue to thrive, other developers struggle to stay alive.
China’s COVID strategy continues to hurt retail sales: Estée Lauder and Canada Goose are among the high-end brands pointing to China’s policy as a reason they’re lowering their outlooks.
Instagram is latest to suffer outage: Instagram users are suspended in the latest service outage. Meta’s platforms are becoming unmanageable as users experience weekly outages that are taking longer to resolve.
Most retailers aren’t doing enough to optimize returns: Instead of a one-size-fits-all approach, companies need to make the process more flexible and personalized.
The feature lets users pay with crypto via their Revolut card. Here’s why it may struggle with adoption.
Pinduoduo, ByteDance pose threat to Amazon: China-based companies are getting into international ecommerce for an expanded customer base. If the prices are right, they could give Amazon more Q4 worries.
The party’s not over for cashierless tech: Israeli startup Trigo raised $100 million for its solutions as retailers expand their use of self-checkouts.
Europe is teetering on the brink of recession: The outlook is bleak as inflation reached record levels in October.
We forecast that total retail holiday sales will total $1.297 trillion this year. Brands looking for a piece of the pie need to maximize their social media presence, which, of course, includes TikTok.