Discount stores ranked among the fastest-growing retailers in the US last year: But low prices, not customer loyalty, is driving that growth.
BigCommerce sees ecommerce as “mission critical”: The ecommerce platform’s strong Q2 growth reflected businesses’ continuing investment in online retail, even as growth slows.
7-Eleven invests in rapid delivery with latest acquisition: The convenience store chain hopes to use delivery startup Skipcart’s expertise to challenge Gopuff, but the costs could outweigh the benefits.
Rising labor costs cause retailers and restaurants to pause hiring: Fifty-seven percent of retailers and 38% of small restaurants have implemented hiring freezes because of inflationary pressures.
Nearly a third of Gen Z consumers will prefer to use apps for online payments in five years, according to Logica.
Retailers in Latin America will face a slew of macroeconomic challenges this year as rapidly changing market conditions weigh heavily on consumers’ minds—and wallets.
When it comes to online shopping, 61% of US consumers begin their product hunt on Amazon, close to half on a search engine like Google, and 32% on Walmart.com.
Block’s gross payment volume surged 23% YoY in Q2—but total net revenues dropped 6% YoY as a result of Bitcoin losses.
Amazon looks to give itself a boost before the next Prime Day: The ecommerce giant is purchasing Roomba maker iRobot for $1.7 billion.
Luxury brands look beyond traditional retail centers to drive growth: Gucci, Prada, Balenciaga, and others are opening stores in new markets and fast-growing cities to capitalize on strong demand for designer products.
Consumers aren’t cutting back on food delivery: DoorDash’s Q2 revenues beat expectations, but the company still can’t make delivery profitable.
Subscription ecommerce growth remains strong in 2022: But looming consumer fatigue means that retailers should consider it as just one pillar of their business strategy.
Inflation may be taking a bite out of candy sales, but there are still sweet spots.
Krystal Walker, Director of Beauty Development and Customer Experience at CVS Health, spoke with Insider Intelligence about the launch of Skin Care Centers.
Customer-to-customer payments volume dropped 13% YoY in Q2. But it outlined three initiatives to help it reverse declines in H2.