This is Google Wallet’s first foray into Africa as payment providers capitalize on the region’s flourishing payments market.
On today's episode, we discuss who is most likely to win the short-video race, the significance of Lyft's new media division, the potential of Apple's ad business, whether buy now, pay later is too good to be true, Chewy's new insurance and wellness service CarePlus, an unpopular opinion about retail media, who's buying all the electric vehicles, and more. Tune in to the discussion with our analysts Ross Benes, Blake Droesch, and Max Willens.
Walmart finds its EV Canoo: The retailer’s fleet of 4,500 EVs could grow into 10,000 as the company looks to achieve zero emissions. Retail and logistics companies could lead the transition to EV deliveries.
Richemont and Farfetch finally reach a deal for Yoox Net-a-Porter: The partnership could boost Farfetch’s customer base and help grow its B2B service.
Peloton breaks away from D2C with Amazon partnership: The fitness company wants to be where the shoppers are, even if it means making sacrifices.
Petco’s Q2 earnings miss the mark as inflation hits pet owners: But strong demand for consumables and services kept the company growing for the 15th-consecutive quarter.
Walmart keeps looking for new ways to boost Walmart+ membership: But as long as its primary benefits are online, it will likely struggle to gain traction with a large share of its customer base.
DoorDash has ended its four-year partnership with Walmart, saying the split will enable it to focus on its long-term customer relationships. DoorDash works with retailers, like Albertsons and Macy’s, and thousands of restaurants across the globe, creating a marketplace for consumer discovery and advertising for its partners.
Sales at discount retailers rise when shoppers feel cash-strapped: But what consumers are buying is changing as Dollar General and Dollar Tree both see consumers shift to need-based purchases.
Instacart will now deliver large items like furniture: The company’s new ‘Big & Bulky’ service builds on its core competency and gives delivery people on its platform an additional way to earn money.
Square sellers in the UK can now offer Clearpay online and in-store—building on the Afterpay rollout in the US and Australia.
Despite falling sales, Dick’s Sporting Goods is bullish: But Macy’s is taking a conservative view as inventory and demand challenges continue to hurt profits.
Mercado Libre is Latin America’s biggest ecommerce player by far, but competition from local players is heating up.
Macy’s is making moves. It’s expanding its Toys R Us shop-in-shops to every Macy’s location and will open four smaller-format off-mall stores this fall.
Inflation may hinder consumer spending during the holidays: Nordstrom is the latest retailer to lower its forecast for the rest of the year due to softening customer demand.