The UK’s cost-of-living crisis is getting worse: A weakened pound, ongoing labor strikes, and worsening inflation are causing consumers to pull back their spending and confidence to plummet.
The Payment Systems Regulator’s proposal could restore trust in P2P payments and mobile wallets—and could serve as a model for US regulators.
Google’s latest search features streamline the shopping experience.
Rising prices aren’t cooling consumer demand: Even with consumer confidence ticking up and wages increasing, there could be storm clouds ahead.
Podcasting’s questionable metrics could hurt its ad business: Major podcasters spent millions on mobile game ads that dramatically inflated listenership.
More businesses engage with creators: $5 billion will be spent on influencer marketing this year, up more than $1 billion from 2021, in part driven by the return of travel and travel marketing.
POS Go lets merchants accept cards and mobile wallets on the go and can appeal to those seeking unified commerce tools.
LTK thinks the time is ripe for a social commerce foray: The app is integrating shopping just as Meta and TikTok cool off on commerce.
Uber is taking advantage of Mexico's digital ad growth: The company's new advertising business should diversify its revenue as well.
Participation in Halloween activities will be back up to pre-pandemic levels this year, with 69% of consumers planning to celebrate (up from 65% last year and 68% in 2019), according to the National Retail Federation (NRF).
Recurring revenue is the key to long-term success for connected fitness: Peloton and Mirror take steps to get people to buy their gear—the first step toward getting them to subscribe.
Macy’s adds 400 new brands via its online marketplace: The department store chain is the latest company to allow third-party sellers onto its online platform.
Lower-income consumers have more options for online grocery shopping: Instacart, Shipt, and DoorDash are working with the government to expand food access and make it easier for retailers to accept SNAP/EBT benefits online.
Sephora’s new program offers consumers unlimited same-day delivery: The $49-per-year subscription offers Amazon Prime-like convenience to beauty shoppers.
The top five digital grocers in the US will capture 67.2% of the country’s grocery ecommerce sales in 2022. That figure will rise slightly over the next two years, with leaders Walmart Inc. and Amazon growing their shares by about 1 percentage point each.