The government will spend $318.4 million to encourage more banks and payment providers to support the domestic solutions.
Gen Z is slightly less concerned than any other generation about buying from brands that reflect their social values, according to December 2022 data from Morning Consult.
For the first time in a while, workers chalk up wins: Amazon lost its appeal to the union victory, Apple store employees begin collective bargaining, and Home Depot scraps timesheet rounding.
Inflation is slowing: While that’s a good sign for the US economy, retailers still face challenges.
US sellers can now add the checkout feature to their websites, which can help it sweep in more volume and stay competitive.
After experiencing a surge in growth in 2021, US retail sales growth began to slow last year, a pattern which will continue into 2023. According to our forecast, sales will rise by less than 3% this year, reaching over $7.3 trillion.
Beware of the ‘retailpocalypse’ narrative: While retailers such as Gap and Macy’s shutter stores, there’s no sign that a broader bust is imminent.
Click-to-door time was as low as 4.4 days in July 2022 for non-Amazon digital retailers in the US, according to NielsenIQ. But Amazon has them beat by a lot, with an average click-to-door speed of 1.9 days.
Instacart’s grocery sales growth is slowing: With investors souring on app-driven delivery startups and a deceleration in its grocery sales, the company cut its internal valuation by 20%.
Babies R Us is coming back: But it isn’t clear whether consumers are looking for, or want, a dedicated baby concept.
Supply chain operators struggle with worker shortages and strikes: Cost-of-living struggles continue to spur labor activity at ports worldwide, driving companies to offer higher wages and improve benefits.
Airlines and card issuers are raising redemption thresholds on loyalty perks as travel demand roars back.
Streaming’s 2023 will be marked by price hikes: Embattled live TV service Fubo was the first to raise prices, but major rivals won’t be far behind.