Affirm can maintain its market lead by working with the country’s largest etailer, and Amazon can use a growing payment method to avoid bleeding customers to rivals.
For the marketing and retail sectors, it’s not all bad news: despite inflation and uncertainty, a number of positive signs suggest marketers would be wise to not overcorrect.
Retailers face the prospect of a lackluster holiday season: That’s caused Walmart to significantly cut back on holiday hires, while Target hopes its ecommerce strategy will lure deal-seeking shoppers.
Home goods retailers feel the ripple effects of the housing recession: As the housing market slows, so does consumer spending on home-related items such as appliances and furniture.
It rolled out a simpler tech stack with UPI Lite and introduced credit card linking, which can aid its global expansion efforts.
Pinduoduo’s US launch is off to a positive start: The ecommerce platform plans to invest billions into its cross-border business as China’s economy slows.
Panera Bread brings personalized rewards to its nearly 48 million loyalty members: The chain hopes that moving away from a one-size-fits-all approach will encourage more signups and spending.
Stitch Fix ended its 2022 fiscal year on a less-than-stellar note.
Drizly is the latest company to roll out an ad network: The Uber-owned alcohol delivery service’s ad products may enable advertisers to run finely targeted multimedia campaigns.
With grocery prices soaring, shoppers are looking to save: That’s providing a prime opportunity for discount grocers such as Aldi and Lidl.
Click and collect’s share of digital grocery is growing. This year, the fulfillment method will account for 36.8% of US grocery ecommerce sales. Come 2026, that figure will rise to 40.6%.
High-end luxury is having a moment. Consumers in this category haven’t been hurt by inflation the same way the average US consumer has, so brands need to elevate to hold onto them.
Two representatives introduced a house companion to the Credit Card Competition Act of 2022, showcasing a broader desire to reform card fees.
Watch the on-demand replay of our webinar, The Great Realignment, as our analysts showcase how ecommerce, social media, fintech, and more are being transformed amid the market turmoil of 2022.