In 2023, 5.5 million US adults will use cryptocurrency to make payments, a jump of more than 350% in three years. That said, this figure represents a meager 2.3% of US internet users, showing that crypto payments are far from mainstream.
PepsiCo and Costco take opposing approaches to inflation: The CPG giant is relying on higher prices to mitigate cost increases while the retailer focuses on retaining cost-conscious shoppers.
US inflation hit a new four-decade high in June: That’s causing some consumers to pull back on spending and others to wait for sales events such as Prime Day.
Prime Day swoops in to fill the personal data vacuum: The two-day sales event is a chance for Amazon to eat up more of the digital ad market.
Kroger’s retail media ambitions enter a new phase: Pacvue releases its third-party solution for optimizing, automating across the grocer’s digital ad inventory.
Canada internet goes dark: A router malfunction at Rogers takes out a quarter of Canada’s network, affecting key services and exposing the danger of consolidation and a lack of competition in network providers.
Slowing shoe sales could herald larger economic problems: Weak demand is forcing retailers to cut back on hiring and investment.
Has Amazon Prime hit a wall? Stagnating user growth in the US is hampering the ecommerce giant’s growth potential.
Gap faces a difficult road ahead: The retailer fired CEO Sonia Syngal and said it expects its Q2 operating margin to be zero to slightly negative.
Kohl’s shakes up its merchandising strategy: "Discover @ Kohl’s,” a rotating selection of emerging, established, and diverse-owned brands, is now available at select stores and online.
This year, Amazon will see $12.52 billion in Prime Day sales worldwide, per our estimates. The US will account for more than 60% of Prime Day sales, but outside of the US, sales growth will be stronger as Amazon brings the shopping event to more international markets.
Amazon exerts enormous pressure on line workers: The retailer closely monitors workers’ performance and admonishes those who fall short of its expectations for speed and accuracy.
Healthcare price transparency startup Turquoise Health partnered with analytics company Komodo Health to help providers and payers better understand how their peers are pricing contracts and services.
Zulily sees inflation as an opportunity: The ecommerce retailer is using weekly discounts to attract cost-conscious shoppers as back-to-school season begins.