Its report found that many BNPL users have subprime credit scores and are under economic distress—which could increase the case for regulation.
Latin America’s digital economy powers growth: Region will lead world in digital ad spending and ecommerce sales gains in 2023.
Tighter economic climate forces companies to focus on profitability: The paradigm shift away from long-term bets has driven changes everywhere from Amazon to Wayfair to Sweetgreen.
Worldwide, retail sales growth has rebounded after taking a dive in 2020, per our forecast. Though growth rates won’t return to their pre-pandemic levels, they will stay steady through 2026. Meanwhile, ecommerce sales growth has decelerated after a few banner years, falling to single digits from 2022 through the end of our forecast period.
Consumers care about sustainability—until they check the price tag: Nearly two-thirds of US shoppers take environmental concerns into account when shopping, but only 35% are willing to pay more for green products.
It plans to focus on integrating its newly-acquired startup, Power Financial, and improving business efficiencies.
Amazon is reassessing its office needs: With the retail giant in cost-cutting mode, it is pausing construction on its second headquarters near Washington, DC.
Though ecommerce growth has slowed from its explosive surge during 2020, it continues to make up a larger portion of total retail sales. Here are four strategies to cut through the noise and create a product-first, customer-centric strategy.
Consumers have shifted more their spending to dining out: But while restaurant industry sales are expected to rise 6.4% this year, the industry faces several challenges.
Retail media will be a $45 billion market this year and will continue to grow by about $10 billion in 2024, according to our forecast. Currently, the majority of retail media ad spend is driven by search. But the next phase will be driven by upper-funnel formats and in-store ad opportunities.
Klarna is about more than BNPL: Its Kosma open banking platform is growing as the company creates new revenue streams on the back of its banking and payments infrastructure.
Not everyone is a fanatic about livestream shopping: Fanatics Inc. looks to expand in sports memorabilia, but the US live commerce market remains underdeveloped.
Dollar Tree plans to keep prices low in 2023 at the expense of profits: But that may not be enough to offset increased competition from Target and discount grocers.