Some banks want to enable Zelle at big merchants, potentially to prepare for open banking disruption.
Cash accounted for 18% of global payments at the point-of-sale (POS) last year, down from 20.5% in 2020, per FIS’ Global Payments Report.
Are the unionization floodgates opening at Amazon warehouses? Over 50 US Amazon warehouses have reached out to the Amazon Labor Union following its successful vote.
Retailers have long had an eye on augmented reality (AR), but it still has unrealized potential for shopping purposes.
Walmart throws its weight around to combat the tight labor market: The country’s largest private employer is hiking pay for truck drivers and adding amenities to its headquarters to attract workers.
Store brands have traditionally proliferated when inflation or a recession spurs consumers to spend more conservatively. But as store brands become more premium and fill specific customer needs, price is no longer the only driving factor.
3D advertising on rise as brands step toward the metaverse: Twitter and Meta are banking on new ad types to propel growth.
Improving B2B payment automation and resolving cash flow issues provides a route into the SMB payments market.
In 2022, 40.7% of China’s digital ad spending will go toward the ecommerce channel, for ads offered by retailers like Alibaba and JD.com. This eclipses the share in the US, where 14.5% of digital ad spending will flow to ecommerce channel ads sold by the likes of Amazon, Walmart, and eBay.
Farfetch and Neiman Marcus join forces to update luxury retail for the ecommerce age: The fashion platform will invest up to $200 million in the retailer, with the latter using Farfetch’s ecommerce tools to power digital channels.
Most retailers fall short of their climate-change commitments: Despite their sustainability goals, retailers are among the biggest contributors to plastic packaging waste, and account for a large share of global emissions.
European consumers are changing their buying habits vis-à-vis inflation: The war in Ukraine is impacting economic conditions in numerous European markets, driving up prices to near-record levels and reversing recent gains in consumer confidence.
Experiential marketing makes a return, but COVID still looms large: Food brands’ plans for in-person activations could be soured by a new omicron surge.
Google looks to help retailers understand shoppers’ intent: The tech giant launches a tool to allow retailers to add Google’s search technology and recommendations to their digital properties.