On Running’s sales soared 78% in Q1: The Swiss running shoe brand also increased its margins by 6.5 percentage points and is bullish on the year ahead.
Meta strategically opening up WhatsApp’s chat payments functionality in Brazil and Singapore is the next step in creating a super app for over 2 billion global users.
Despite a tough few months, Stripe is willing to invest in crypto. Industry rivals may need to take note.
The Amazon of Latin America has a $3.6 billion plan: Mercado Libre will invest 19 billion reais in Brazil, in part to fund its fintech arm—which poses an enormous threat to the region’s banks.
Many retailers launched paid memberships over the past three years. For the most part, they were intended to increase revenues and build loyalty during the pandemic-driven ecommerce boom. But the slowdown in revenue growth indicates that consumers are only willing to spend so much on retail subscriptions, particularly amid economic uncertainty.
Just 52% of consumers trust retail reviews: And while low ratings quickly turn customers off, there are steps retailers can take to leverage reviews to their advantage.
Alibaba’s Taobao will invest in livestreaming, merchant tools as growth slows: The company aims to reclaim market share as oversight from Beijing eases, but economic difficulties continue to pose a challenge.
Store visits to off-price retailers rose in April: The sector’s resilience is driving Macy’s and Nordstrom to expand their off-price banners.
Amazon doubles down on fast delivery: The retailer uses AI to reduce the distance it takes to fulfill orders, and prioritizes items that can be delivered quickly in search results.
Walmart lags behind Amazon in total ecommerce sales, retail media ad dollars, and retail subscriptions. But there may be ways for it to minimize the gap in certain areas, namely search and AI capabilities.
The European Central Bank is looking into greedflation as corporate profits rise: That has put CPG companies in the hot seat, as grocers and governments push back against persistent price hikes.
Starbucks workers’ unionization drive is beginning to slow: Employees at several stores have petitioned to leave the union as the company’s anti-union tactics and economic uncertainty take their toll. (This article was written with the assistance of ChatGPT.)
The EU is ramping up its efforts in an antitrust probe into Apple Pay. But the Big Tech firm’s loyal customers should shield it from potential fallout.
European Parliament advised the ECB to abandon a CBDC launch, citing risks to financial stability. But that doesn’t mean it will.
The BNPL provider embarked on a full restructure to regain growth and achieve profitability
Leaning into high-demand features could help the issuer improve its positioning