Senators want regulators to expand Regulation E to cover APP fraud, an industry-wide issue with no silver bullet.
Digital wallet usage is by far highest in China, where 45% of adults use the payment method daily, and an additional 41% do so at least once a week. By comparison, just 6% use digital wallets daily in the US.
Costco plans to hold off on membership fee hikes—for now: The retailer doesn’t want to rock the boat as sales and foot traffic continue to rise.
FedEx’s Q1 earnings raise more questions than answers: The company blamed a global slowdown, overexpansion, and inflated operating costs for its poor quarter, despite posting record revenues a few months prior.
Social commerce experienced two years of exceptional growth amid the pandemic, and while growth in the number of social buyers is slowing, the amount of social commerce sales is still rising rapidly, said our analyst Jasmine Enberg on a "Behind the Numbers" podcast.
Walmart’s holiday messaging focuses on convenience and value: The retailer introduces three new returns options and price rollbacks in key categories.
Insider Intelligence spoke with Kate Biancamano, director of events and experiential marketing at Sephora, about expanding the beauty brand’s offerings into the virtual world.
Affirm can maintain its market lead by working with the country’s largest etailer, and Amazon can use a growing payment method to avoid bleeding customers to rivals.
For the marketing and retail sectors, it’s not all bad news: despite inflation and uncertainty, a number of positive signs suggest marketers would be wise to not overcorrect.
Retailers face the prospect of a lackluster holiday season: That’s caused Walmart to significantly cut back on holiday hires, while Target hopes its ecommerce strategy will lure deal-seeking shoppers.
Home goods retailers feel the ripple effects of the housing recession: As the housing market slows, so does consumer spending on home-related items such as appliances and furniture.
It rolled out a simpler tech stack with UPI Lite and introduced credit card linking, which can aid its global expansion efforts.