Amazon used Prime Day to grow its ad business: Amazon heavily pushed its ad platform to merchants ahead of the sales event.
Stores are Target’s not-so-secret weapon: The retailer adds three new sortation centers to bolster its ecommerce strategy of using stores to handle online orders.
Uber steps up its grocery game as Instacart struggles: The company is revamping its grocery service to be more convenient and easier to use.
To reduce screen time, consumers are turning to the past for other entertainment mediums. Retailers, take note, as what’s old is new again.
Hasbro and Mattel are optimistic about the future: The resiliency of the toy category coupled with strong IP properties should keep both companies in the green, even in the event of a recession.
Macy’s, Nordstrom bet on smaller stores as shoppers move away from malls: Department stores are taking a localized approach to reach more consumers and speed up fulfillment.
Visa is reportedly in discussions to participate in Airlwallex’s Series E extension, which can help strengthen its card business and complement its cross-border payment efforts.
Brands can use inflation to their benefit: “Agnostic” consumers are spending carefully and looking for brands to meet their financial and emotional needs.
Kristin O’Brien, general manager of the Brand Platform at LTK, spoke with Insider Intelligence about targeting Gen Z consumers, the prevalence of social commerce, and back-to-school trends.
It’s a challenging time for small retailers: Many are struggling with raging inflation and declining consumer buying power.
The CFPB is reportedly planning new rules to stamp out P2P payment fraud.
Conversational commerce expands beyond Asia: Companies including Meta are making it easier for businesses to sell via chat.