More rapid grocery consolidation could be on the way: German startup Flink is in talks to be acquired by Getir, despite the latter’s sinking valuation.
Economic uncertainty has slashed small and medium-sized business (SMB) satisfaction with their payment service providers (PSPs). This is intensifying competition between acquirers and processors, banks, fintechs, and the vendors that serve them. Providers must enhance and simplify access to cutting-edge solutions that solve key pain points—or risk losing share.
Will Stripe, Chime, or Plaid price an IPO? The market is on track to improve into a healthier year, but it’s hard to find a big deal in fintech to look forward to.
Resilient consumer spending was a bright spot for Mastercard, but higher costs squeezed profits in Q1.
Pinterest beats analyst expectations, but faces greater costs and large net loss: Can the platform spend to grow during times of relative austerity?
Mother’s Day spending is expected to reach a record $35.7 billion this year: Consumers plan to splash out on jewelry, electronics, and experiences, with more shoppers venturing back to stores. (This article was written with the assistance of ChatGPT.)
Pinterest partners with Amazon to attract more advertisers and improve shopability: The move allows the social media platform to benefit from booming retail media demand, while growing Amazon Ads’ reach and inventory.
Economic uncertainty is making it hard for some to keep up: Prolonged inflation, financial stress, and rising debt are making for a challenging environment.
Trader Joe’s small, curated stores and limited footprint sets it apart. Between its branding, product choice, and customer experience, there are a lot of lessons other retailers beyond grocery can learn from the Trader Joe’s model. Here are four takeaways from Trader Joe’s.
Cutting costs is the least of Gap’s problems: The retailer’s plans to lay off 1,800 employees may not be enough to revitalize growth as its relevance wanes.
Fintechs are better off cutting costs and scaling back expansion plans until the finance climate improves.
Launching a white-label mobile BNPL solution reinforces its push into installments as a service.
New features that meet business' needs could improve satisfaction, tighten loyalty, and grow business.
Cross-border and B2B payments pushed up the network’s payments volume during fiscal Q2.
Consumer spending rose 3.7% in Q1: People continue to spend, even as high interest rates are take their toll on the broader US economy.
Amazon’s ad business powered the retailer to a better-than-expected Q1: A 21% increase in ad revenues helped offset flat sales growth in its ecommerce business.
Bed Bath & Beyond’s iconic coupons get a second life: The Container Store and Big Lots are temporarily accepting the bankrupt retailer’s coupons.