Peloton hopes a complete overhaul will help reverse its fortunes: The fitness company is cutting nearly 800 jobs, raising prices, and outsourcing key functions in a drastic attempt to reach profitability.
US digital retail media ad spending will reach $61.15 billion by the end of our forecast period in 2024. This is nearly triple the 2020 figure of $20.81 billion and represents a compound annual growth rate (CAGR) of 30.9% in that four-year span.
Kohl’s makes a move to attract holiday shoppers: The retailer is expanding same-day in-store pickup options to all locations, but the move likely won’t be enough to reverse its slide.
American Eagle’s logistics business is about to take off: The retailer officially launched its nationwide delivery service this week as it looks to take on Amazon.
Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.
More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.
Consumers prioritize dining out: They are more likely to pull back on other purchases such as new clothes, travel, and gym memberships before they reduce their restaurant spending.
Ferragamo wants to reach Gen Z and younger millennial consumers: That’s why the luxury brand is partnering with Farfetch to upgrade its ecommerce and omnichannel capabilities.
Our Retail Reimagined podcast team talked connected fitness this week. Here are the highlights.
Payments firms may see this as an opportunity to snap up companies, which may help boost business efficiency.
Our 2022 US Retail Mobile App Features Benchmark report analyzes the most in-demand retail mobile app features and ranks the top 10 leading multicategory retailers based on their mobile apps.
Building on momentum from a significant pandemic bounce, mcommerce sales continue to grow, albeit at the lowest rate in years.
Emily Hosie, founder and CEO at Rebelstork, created a resale platform for gently used baby gear and products.